Mizuho Increases Xylem (NYSE:XYL) Price Target to $88.00

Xylem (NYSE:XYLGet Rating) had its price target upped by Mizuho from $80.00 to $88.00 in a research note published on Wednesday, Benzinga reports. They currently have a neutral rating on the industrial products company’s stock.

A number of other research analysts have also commented on XYL. Credit Suisse Group upgraded shares of Xylem from an underperform rating to a neutral rating and lifted their price objective for the company from $77.00 to $96.00 in a research note on Wednesday. Morgan Stanley dropped their price target on shares of Xylem from $110.00 to $100.00 and set an overweight rating on the stock in a research note on Thursday, June 9th. Cowen upgraded shares of Xylem from a market perform rating to an outperform rating and set a $75.00 price target on the stock in a research note on Wednesday, June 1st. Cowen upgraded shares of Xylem from a market perform rating to an outperform rating in a research note on Wednesday, June 1st. Finally, Stifel Nicolaus upgraded shares of Xylem from a hold rating to a buy rating and boosted their price target for the stock from $90.00 to $94.00 in a research note on Wednesday, July 20th. Ten research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $102.30.

Xylem Trading Down 0.5 %

NYSE XYL opened at $97.22 on Wednesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.21 and a current ratio of 1.63. The firm has a market cap of $17.51 billion, a PE ratio of 41.91, a P/E/G ratio of 3.19 and a beta of 1.11. Xylem has a one year low of $72.08 and a one year high of $138.78. The firm’s fifty day moving average is $81.89 and its two-hundred day moving average is $86.08.

Xylem (NYSE:XYLGet Rating) last posted its quarterly earnings data on Tuesday, August 2nd. The industrial products company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.12. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.33 billion. Xylem had a net margin of 8.06% and a return on equity of 13.66%. Xylem’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.66 earnings per share. Analysts expect that Xylem will post 2.54 earnings per share for the current year.

Xylem Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 23rd. Shareholders of record on Thursday, May 26th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend was Wednesday, May 25th. Xylem’s dividend payout ratio (DPR) is presently 51.72%.

Insider Buying and Selling at Xylem

In other Xylem news, SVP Hayati Yarkadas sold 5,898 shares of the company’s stock in a transaction dated Monday, June 27th. The shares were sold at an average price of $80.06, for a total value of $472,193.88. Following the sale, the senior vice president now owns 9,556 shares of the company’s stock, valued at $765,053.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Jeanne Beliveau-Dunn sold 600 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $96.65, for a total value of $57,990.00. Following the completion of the transaction, the director now owns 7,553 shares of the company’s stock, valued at $729,997.45. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Hayati Yarkadas sold 5,898 shares of the business’s stock in a transaction that occurred on Monday, June 27th. The shares were sold at an average price of $80.06, for a total transaction of $472,193.88. Following the completion of the transaction, the senior vice president now directly owns 9,556 shares of the company’s stock, valued at approximately $765,053.36. The disclosure for this sale can be found here. Insiders have sold 8,655 shares of company stock valued at $691,104 over the last quarter. Corporate insiders own 0.89% of the company’s stock.

Hedge Funds Weigh In On Xylem

A number of institutional investors have recently modified their holdings of XYL. First Trust Advisors LP raised its position in shares of Xylem by 399.3% in the first quarter. First Trust Advisors LP now owns 2,951,349 shares of the industrial products company’s stock valued at $251,632,000 after buying an additional 2,360,214 shares during the last quarter. Norges Bank acquired a new position in shares of Xylem in the fourth quarter valued at approximately $207,124,000. Vanguard Group Inc. raised its position in shares of Xylem by 7.6% in the first quarter. Vanguard Group Inc. now owns 20,390,911 shares of the industrial products company’s stock valued at $1,738,529,000 after buying an additional 1,435,798 shares during the last quarter. Invesco Ltd. increased its position in Xylem by 53.6% during the first quarter. Invesco Ltd. now owns 3,828,177 shares of the industrial products company’s stock worth $326,390,000 after purchasing an additional 1,335,241 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in Xylem by 613.3% during the first quarter. Renaissance Technologies LLC now owns 1,183,400 shares of the industrial products company’s stock worth $100,897,000 after purchasing an additional 1,017,500 shares during the last quarter. Institutional investors and hedge funds own 83.83% of the company’s stock.

Xylem Company Profile

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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 through three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions.

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Analyst Recommendations for Xylem (NYSE:XYL)

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