Xylem Inc. (NYSE:XYL) Given Average Recommendation of “Hold” by Brokerages

Shares of Xylem Inc. (NYSE:XYL – Get Rating) have earned an average recommendation of “Hold” from the fourteen ratings firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $113.60.

A number of brokerages have weighed in on XYL. The Goldman Sachs Group increased their price target on shares of Xylem from $85.00 to $95.00 and gave the company a “neutral” rating in a report on Thursday, November 3rd. StockNews.com assumed coverage on Xylem in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Atlantic Securities upgraded Xylem from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $110.00 to $129.00 in a research report on Wednesday, November 16th. Cowen boosted their price objective on Xylem from $105.00 to $115.00 in a research report on Wednesday, November 2nd. Finally, TheStreet cut Xylem from a “b-” rating to a “c” rating in a research report on Tuesday, November 1st.

Insider Activity

In other Xylem news, SVP Matthew Francis Pine sold 11,870 shares of the stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $107.12, for a total transaction of $1,271,514.40. Following the sale, the senior vice president now owns 22,819 shares of the company’s stock, valued at approximately $2,444,371.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.89% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Venture Visionary Partners LLC acquired a new position in shares of Xylem during the second quarter valued at $36,000. Sentry Investment Management LLC lifted its position in Xylem by 38.3% during the 3rd quarter. Sentry Investment Management LLC now owns 1,771 shares of the industrial products company’s stock valued at $155,000 after purchasing an additional 490 shares during the period. Citizens Financial Group Inc RI boosted its stake in shares of Xylem by 25.8% in the 2nd quarter. Citizens Financial Group Inc RI now owns 9,557 shares of the industrial products company’s stock valued at $747,000 after purchasing an additional 1,960 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Xylem by 1.7% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 12,337 shares of the industrial products company’s stock worth $1,078,000 after buying an additional 212 shares during the period. Finally, Kentucky Retirement Systems raised its stake in shares of Xylem by 16.3% during the second quarter. Kentucky Retirement Systems now owns 13,366 shares of the industrial products company’s stock worth $1,045,000 after buying an additional 1,872 shares during the last quarter. Institutional investors and hedge funds own 83.57% of the company’s stock.

Xylem Trading Down 4.3 %

Xylem stock opened at $108.63 on Friday. Xylem has a 52 week low of $72.08 and a 52 week high of $118.58. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.22 and a current ratio of 1.65. The firm has a market capitalization of $19.58 billion, a PE ratio of 61.72, a PEG ratio of 3.04 and a beta of 1.09. The business’s 50-day simple moving average is $111.79 and its 200-day simple moving average is $99.40.

Xylem (NYSE:XYL – Get Rating) last issued its quarterly earnings results on Tuesday, November 1st. The industrial products company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.66 by $0.13. Xylem had a return on equity of 14.40% and a net margin of 5.97%. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.33 billion. Equities research analysts forecast that Xylem will post 2.71 earnings per share for the current year.

Xylem Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 20th. Shareholders of record on Tuesday, November 22nd were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend was Monday, November 21st. Xylem’s dividend payout ratio is currently 68.18%.

Xylem Company Profile

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Xylem, Inc engages in the design, manufacture, and application of engineered technologies for the water industry. It operates through the following business segments: Water Infrastructure, Applied Water, and Measurement and Control Solutions. The Water Infrastructure segment focuses on the transportation, treatment and testing of water.