Xylem (NYSE:XYL) Sees Strong Trading Volume

Xylem Inc. (NYSE:XYL) saw strong trading volume on Wednesday . 771,645 shares changed hands during mid-day trading, a decline of 36% from the previous session’s volume of 1,212,110 shares.The stock last traded at $134.76 and had previously closed at $134.15.

Analysts Set New Price Targets

Several equities research analysts have commented on XYL shares. Oppenheimer upped their price objective on shares of Xylem from $147.00 to $152.00 and gave the company an “outperform” rating in a report on Friday, May 31st. Robert W. Baird raised their price objective on shares of Xylem from $155.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Royal Bank of Canada boosted their target price on shares of Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Stifel Nicolaus raised their price target on Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, Argus boosted their price objective on Xylem from $146.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Xylem has an average rating of “Moderate Buy” and a consensus target price of $147.54.

Xylem Stock Up 0.6 %

The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.85. The stock has a 50-day moving average of $135.33 and a two-hundred day moving average of $132.79. The company has a market cap of $32.77 billion, a P/E ratio of 47.74, a P/E/G ratio of 2.34 and a beta of 1.04.

Xylem (NYSE:XYL) last posted its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.05 by $0.04. Xylem had a net margin of 9.11% and a return on equity of 9.48%. The firm had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same period last year, the firm posted $0.98 earnings per share. The business’s revenue was up 26.0% compared to the same quarter last year. On average, research analysts anticipate that Xylem Inc. will post 4.25 EPS for the current fiscal year.

Xylem Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th will be given a $0.36 dividend. The ex-dividend date is Thursday, August 29th. This represents a $1.44 annualized dividend and a yield of 1.07%. Xylem’s payout ratio is currently 51.25%.

Insider Transactions at Xylem

In other news, CAO Geri-Michelle Mcshane sold 2,278 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $138.63, for a total transaction of $315,799.14. Following the completion of the sale, the chief accounting officer now directly owns 3,536 shares in the company, valued at $490,195.68. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, SVP Rodney Aulick sold 21,800 shares of the business’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $139.01, for a total transaction of $3,030,418.00. Following the transaction, the senior vice president now owns 76,287 shares in the company, valued at $10,604,655.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Geri-Michelle Mcshane sold 2,278 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $138.63, for a total transaction of $315,799.14. Following the completion of the sale, the chief accounting officer now owns 3,536 shares of the company’s stock, valued at $490,195.68. The disclosure for this sale can be found here. Company insiders own 0.27% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. EP Wealth Advisors LLC bought a new position in shares of Xylem in the 2nd quarter worth about $19,570,000. B. Riley Wealth Advisors Inc. increased its stake in shares of Xylem by 34.9% during the second quarter. B. Riley Wealth Advisors Inc. now owns 11,960 shares of the industrial products company’s stock valued at $1,622,000 after purchasing an additional 3,091 shares in the last quarter. Ecofi Investissements SA purchased a new position in shares of Xylem during the second quarter valued at approximately $10,880,000. Quarry LP boosted its position in shares of Xylem by 460.9% in the 2nd quarter. Quarry LP now owns 746 shares of the industrial products company’s stock worth $101,000 after purchasing an additional 613 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Xylem by 4.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 80,720 shares of the industrial products company’s stock worth $10,948,000 after buying an additional 3,477 shares during the last quarter. Institutional investors own 87.96% of the company’s stock.

Xylem Company Profile

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.