Xylem Inc (XYL) Receives Consensus Recommendation of “Buy” from Brokerages

Xylem Inc (NYSE:XYL) has been assigned an average rating of “Buy” from the fifteen ratings firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $78.31.

Several equities analysts have recently weighed in on XYL shares. Zacks Investment Research downgraded Xylem from a “hold” rating to a “sell” rating in a report on Saturday, January 12th. Boenning Scattergood reiterated a “buy” rating and issued a $82.00 price objective on shares of Xylem in a report on Monday, November 19th. BMO Capital Markets reiterated a “buy” rating and issued a $85.00 price objective on shares of Xylem in a report on Monday, February 25th. ValuEngine upgraded Xylem from a “hold” rating to a “buy” rating in a report on Tuesday, November 6th. Finally, Stifel Nicolaus upgraded Xylem from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $72.00 to $75.00 in a report on Wednesday, December 19th.

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In other Xylem news, insider Kenneth Napolitano sold 35,526 shares of the firm’s stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $70.17, for a total value of $2,492,859.42. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Tomas Brannemo sold 559 shares of the firm’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $74.44, for a total value of $41,611.96. Following the completion of the transaction, the insider now directly owns 10,568 shares in the company, valued at $786,681.92. The disclosure for this sale can be found here. Insiders sold a total of 38,706 shares of company stock valued at $2,731,177 over the last quarter. 0.81% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in XYL. Bank of New York Mellon Corp boosted its position in Xylem by 5.8% in the second quarter. Bank of New York Mellon Corp now owns 2,006,332 shares of the industrial products company’s stock worth $135,187,000 after purchasing an additional 109,516 shares during the last quarter. IFP Advisors Inc boosted its position in Xylem by 11.0% in the third quarter. IFP Advisors Inc now owns 26,969 shares of the industrial products company’s stock worth $2,154,000 after purchasing an additional 2,681 shares during the last quarter. Creative Planning boosted its position in Xylem by 13.0% in the third quarter. Creative Planning now owns 18,766 shares of the industrial products company’s stock worth $1,499,000 after purchasing an additional 2,154 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of Xylem by 21.7% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 23,402 shares of the industrial products company’s stock valued at $1,869,000 after buying an additional 4,179 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Xylem during the 3rd quarter valued at about $3,576,000. 84.01% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:XYL traded up $0.82 on Monday, hitting $76.37. 870,599 shares of the company traded hands, compared to its average volume of 961,034. Xylem has a 52 week low of $60.65 and a 52 week high of $82.44. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.51 and a quick ratio of 1.08. The company has a market capitalization of $13.44 billion, a PE ratio of 25.88, a PEG ratio of 1.29 and a beta of 1.21.

Xylem (NYSE:XYL) last issued its quarterly earnings results on Thursday, January 31st. The industrial products company reported $0.88 earnings per share for the quarter, meeting the consensus estimate of $0.88. Xylem had a return on equity of 19.89% and a net margin of 10.54%. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.36 billion. On average, sell-side analysts anticipate that Xylem will post 3.31 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 14th. Investors of record on Thursday, February 14th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.26%. This is an increase from Xylem’s previous quarterly dividend of $0.21. The ex-dividend date is Wednesday, February 13th. Xylem’s dividend payout ratio (DPR) is presently 33.33%.

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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