Royal Bank of Canada reiterated their buy rating on shares of Xylem (NYSE:XYL) in a report published on Monday morning, AnalystRatings.com reports. They currently have a $86.00 price objective on the industrial products company’s stock.
Several other analysts also recently weighed in on XYL. Zacks Investment Research downgraded Xylem from a hold rating to a sell rating and set a $82.00 price target on the stock. in a research note on Monday, October 14th. Citigroup assumed coverage on Xylem in a research note on Tuesday, December 17th. They issued a neutral rating and a $84.00 target price on the stock. Cfra downgraded Xylem from a buy rating to a hold rating in a research note on Friday, November 1st. Credit Suisse Group set a $78.00 target price on Xylem and gave the stock a hold rating in a research note on Friday, November 1st. Finally, Seaport Global Securities downgraded Xylem from a buy rating to a neutral rating in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $81.20.
Xylem stock opened at $82.21 on Monday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.15 and a current ratio of 1.55. The business’s 50-day simple moving average is $79.11 and its two-hundred day simple moving average is $78.51. The company has a market cap of $15.03 billion, a PE ratio of 29.36, a PEG ratio of 1.67 and a beta of 1.16. Xylem has a fifty-two week low of $67.71 and a fifty-two week high of $85.67.
In other news, SVP Kenneth Napolitano sold 1,140 shares of the company’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $80.78, for a total value of $92,089.20. Following the sale, the senior vice president now owns 42,368 shares in the company, valued at $3,422,487.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Markos I. Tambakeras sold 2,860 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $78.95, for a total value of $225,797.00. Following the completion of the sale, the director now owns 43,530 shares in the company, valued at approximately $3,436,693.50. The disclosure for this sale can be found here. Insiders sold 13,080 shares of company stock worth $1,016,717 in the last 90 days. Company insiders own 0.85% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. DAVENPORT & Co LLC raised its holdings in Xylem by 31.2% in the 4th quarter. DAVENPORT & Co LLC now owns 546,526 shares of the industrial products company’s stock worth $43,061,000 after purchasing an additional 130,105 shares during the period. Ironvine Capital Partners LLC acquired a new position in Xylem in the 4th quarter worth about $3,503,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in Xylem by 90.0% in the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 7,315 shares of the industrial products company’s stock worth $576,000 after purchasing an additional 3,464 shares during the period. Renaissance Investment Group LLC raised its holdings in Xylem by 7.4% in the 4th quarter. Renaissance Investment Group LLC now owns 42,058 shares of the industrial products company’s stock worth $3,314,000 after purchasing an additional 2,910 shares during the period. Finally, Exchange Traded Concepts LLC acquired a new position in Xylem in the 4th quarter worth about $2,483,000. 84.83% of the stock is owned by institutional investors.
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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