Xylem (NYSE:XYL) PT Raised to $91.00

Xylem (NYSE:XYL) had its price target lifted by Credit Suisse Group from $85.00 to $91.00 in a research note issued to investors on Monday, The Fly reports. They currently have a positive rating on the industrial products company’s stock.

XYL has been the subject of several other reports. Boenning Scattergood reiterated a buy rating on shares of Xylem in a research report on Friday, March 22nd. Zacks Investment Research upgraded shares of Zymeworks from a hold rating to a buy rating and set a $18.00 target price for the company in a research report on Saturday, April 13th. Cowen upped their price target on shares of WestJet Airlines from C$22.00 to C$31.00 in a research report on Tuesday, May 14th. ValuEngine upgraded shares of Xylem from a hold rating to a buy rating in a research report on Friday, June 21st. Finally, Janney Montgomery Scott raised Xylem from a neutral rating to a buy rating and set a $86.00 price objective on the stock in a research note on Friday, May 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of Buy and an average target price of $79.60.

Shares of NYSE:XYL opened at $81.15 on Monday. Xylem has a 52-week low of $60.65 and a 52-week high of $85.39. The stock has a fifty day moving average of $79.70. The stock has a market capitalization of $14.46 billion, a price-to-earnings ratio of 28.18, a PEG ratio of 1.51 and a beta of 1.23. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.44 and a quick ratio of 1.02.

Xylem (NYSE:XYL) last announced its earnings results on Thursday, May 2nd. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.06). Xylem had a return on equity of 19.46% and a net margin of 10.50%. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter last year, the firm posted $0.51 earnings per share. The firm’s revenue was up 1.6% on a year-over-year basis. Equities analysts predict that Xylem will post 3.22 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th were paid a dividend of $0.24 per share. The ex-dividend date was Wednesday, May 29th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.18%. Xylem’s dividend payout ratio (DPR) is currently 33.33%.

In other news, insider Tomas Brannemo sold 6,683 shares of the stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $81.90, for a total transaction of $547,337.70. Following the completion of the sale, the insider now directly owns 20,161 shares in the company, valued at $1,651,185.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Curtis J. Crawford sold 7,500 shares of the stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $79.20, for a total transaction of $594,000.00. Following the sale, the director now owns 19,244 shares of the company’s stock, valued at $1,524,124.80. The disclosure for this sale can be found here. Insiders have sold 49,162 shares of company stock worth $3,943,811 over the last ninety days. Insiders own 0.85% of the company’s stock.

Several institutional investors have recently bought and sold shares of XYL. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Xylem by 166.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 21,815 shares of the industrial products company’s stock worth $1,455,000 after purchasing an additional 13,618 shares during the period. Advisor Group Inc. boosted its holdings in shares of Xylem by 11.3% during the fourth quarter. Advisor Group Inc. now owns 9,479 shares of the industrial products company’s stock worth $632,000 after purchasing an additional 961 shares during the period. Northern Trust Corp boosted its holdings in shares of Xylem by 2.1% during the fourth quarter. Northern Trust Corp now owns 2,225,095 shares of the industrial products company’s stock worth $148,458,000 after purchasing an additional 46,795 shares during the period. Resources Investment Advisors Inc. purchased a new stake in shares of Xylem during the fourth quarter worth about $57,000. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in shares of Xylem by 7.1% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 31,080 shares of the industrial products company’s stock worth $2,073,000 after purchasing an additional 2,063 shares during the period. Institutional investors own 85.30% of the company’s stock.

Xylem Company Profile

Xylem Inc engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications. It operates in three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions. The Water Infrastructure segment offers various products, including water and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment under the Flygt, Godwin, Wedeco, Sanitaire, and Leopold names for the transportation and treatment of water.

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