Investment analysts at Argus began coverage on shares of Xylem (NYSE:XYL) in a research note issued to investors on Friday, The Fly reports. The brokerage set a “buy” rating and a $140.00 price target on the industrial products company’s stock. Argus’ price target points to a potential upside of 22.87% from the company’s previous close.
Other equities research analysts have also issued research reports about the company. Morgan Stanley started coverage on Xylem in a research report on Wednesday, March 31st. They issued an “overweight” rating and a $120.00 price objective on the stock. The Goldman Sachs Group raised Xylem from a “sell” rating to a “neutral” rating and upped their target price for the stock from $73.00 to $107.00 in a research note on Wednesday, May 5th. Royal Bank of Canada upped their target price on Xylem from $112.00 to $127.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 5th. Zacks Investment Research raised Xylem from a “sell” rating to a “hold” rating and set a $123.00 target price for the company in a research note on Thursday, May 6th. Finally, Credit Suisse Group upped their target price on Xylem from $90.00 to $97.00 and gave the stock an “underperform” rating in a research note on Wednesday, May 5th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. Xylem has a consensus rating of “Hold” and a consensus price target of $100.92.
Shares of NYSE XYL opened at $113.94 on Friday. The firm has a 50 day moving average price of $114.58. The stock has a market capitalization of $20.51 billion, a price-to-earnings ratio of 68.23, a P/E/G ratio of 3.59 and a beta of 1.02. Xylem has a 52 week low of $60.92 and a 52 week high of $121.00. The company has a current ratio of 1.84, a quick ratio of 1.52 and a debt-to-equity ratio of 0.84.
Xylem (NYSE:XYL) last released its quarterly earnings data on Tuesday, May 4th. The industrial products company reported $0.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.19. Xylem had a return on equity of 14.89% and a net margin of 6.05%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the prior year, the firm posted $0.23 EPS. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Xylem will post 2.75 earnings per share for the current year.
In other news, SVP Claudia S. Toussaint sold 5,948 shares of the stock in a transaction on Thursday, April 15th. The stock was sold at an average price of $107.59, for a total transaction of $639,945.32. Following the completion of the transaction, the senior vice president now directly owns 59,057 shares in the company, valued at approximately $6,353,942.63. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Hayati Yarkadas sold 6,447 shares of the stock in a transaction on Monday, March 29th. The stock was sold at an average price of $104.28, for a total value of $672,293.16. Following the transaction, the senior vice president now owns 15,503 shares of the company’s stock, valued at $1,616,652.84. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,939 shares of company stock valued at $2,326,953. 0.90% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Xylem by 7.6% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,353 shares of the industrial products company’s stock worth $142,000 after purchasing an additional 96 shares during the period. Prospera Financial Services Inc grew its holdings in shares of Xylem by 2.3% during the 1st quarter. Prospera Financial Services Inc now owns 4,388 shares of the industrial products company’s stock worth $461,000 after purchasing an additional 97 shares during the period. CSat Investment Advisory L.P. boosted its holdings in Xylem by 30.7% during the 1st quarter. CSat Investment Advisory L.P. now owns 439 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 103 shares during the period. Great Diamond Partners LLC boosted its holdings in Xylem by 4.6% during the 1st quarter. Great Diamond Partners LLC now owns 2,860 shares of the industrial products company’s stock valued at $300,000 after acquiring an additional 125 shares during the period. Finally, O Shaughnessy Asset Management LLC boosted its holdings in Xylem by 33.6% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 533 shares of the industrial products company’s stock valued at $56,000 after acquiring an additional 134 shares during the period. Institutional investors and hedge funds own 83.65% of the company’s stock.
Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications in the United States, Europe, the Asia Pacific, and internationally. It operates in three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions.
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