Oppenheimer Raises Xylem (NYSE:XYL) Price Target to $142.00

Xylem (NYSE:XYL) had its target price boosted by Oppenheimer from $133.00 to $142.00 in a research report released on Thursday, Benzinga reports. Oppenheimer currently has an outperform rating on the industrial products company’s stock.

XYL has been the topic of several other reports. Royal Bank of Canada boosted their target price on shares of Xylem from $140.00 to $145.00 and gave the stock an outperform rating in a research report on Wednesday, February 7th. Citigroup boosted their target price on shares of Xylem from $126.00 to $139.00 and gave the stock a neutral rating in a research report on Monday, April 8th. Stifel Nicolaus boosted their price objective on shares of Xylem from $136.00 to $150.00 and gave the stock a buy rating in a research report on Wednesday, February 7th. BNP Paribas began coverage on shares of Xylem in a research report on Tuesday, March 12th. They issued an outperform rating and a $150.00 price objective on the stock. Finally, Robert W. Baird boosted their price objective on shares of Xylem from $141.00 to $148.00 and gave the stock an outperform rating in a research report on Thursday, March 21st. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Xylem currently has a consensus rating of Moderate Buy and an average price target of $138.11.

Xylem Stock Performance

NYSE:XYL opened at $127.16 on Thursday. The firm has a market cap of $30.82 billion, a price-to-earnings ratio of 46.75, a price-to-earnings-growth ratio of 2.52 and a beta of 1.10. Xylem has a 1-year low of $87.59 and a 1-year high of $130.86. The firm’s fifty day moving average price is $126.94 and its 200 day moving average price is $112.11. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.76 and a quick ratio of 1.30.

Xylem (NYSE:XYL) last issued its earnings results on Tuesday, February 6th. The industrial products company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.96 by $0.03. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.05 billion. Xylem had a net margin of 8.27% and a return on equity of 9.65%. The business’s revenue was up 40.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.92 EPS. On average, sell-side analysts expect that Xylem will post 4.13 EPS for the current year.

Xylem Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 21st were paid a $0.36 dividend. This is an increase from Xylem’s previous quarterly dividend of $0.33. The ex-dividend date was Tuesday, February 20th. This represents a $1.44 annualized dividend and a yield of 1.13%. Xylem’s payout ratio is presently 52.94%.

Insider Activity at Xylem

In related news, SVP Franz Cerwinka sold 2,408 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $121.79, for a total value of $293,270.32. Following the completion of the transaction, the senior vice president now owns 11,750 shares of the company’s stock, valued at approximately $1,431,032.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Geri-Michelle Mcshane sold 1,000 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $122.89, for a total transaction of $122,890.00. Following the completion of the transaction, the chief accounting officer now owns 2,935 shares of the company’s stock, valued at approximately $360,682.15. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Franz Cerwinka sold 2,408 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $121.79, for a total transaction of $293,270.32. Following the transaction, the senior vice president now directly owns 11,750 shares of the company’s stock, valued at approximately $1,431,032.50. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC grew its holdings in shares of Xylem by 10,296.7% during the 4th quarter. International Assets Investment Management LLC now owns 63,004 shares of the industrial products company’s stock worth $7,205,000 after purchasing an additional 62,398 shares during the period. ING Groep NV purchased a new stake in shares of Xylem during the 3rd quarter worth about $2,752,000. Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of Xylem by 6.6% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 39,266 shares of the industrial products company’s stock worth $3,574,000 after purchasing an additional 2,438 shares during the period. SG Americas Securities LLC grew its holdings in shares of Xylem by 351.2% during the 4th quarter. SG Americas Securities LLC now owns 101,408 shares of the industrial products company’s stock worth $11,597,000 after purchasing an additional 78,934 shares during the period. Finally, Mariner LLC grew its holdings in shares of Xylem by 10.3% during the 3rd quarter. Mariner LLC now owns 75,036 shares of the industrial products company’s stock worth $6,831,000 after purchasing an additional 7,006 shares during the period. Institutional investors and hedge funds own 87.96% of the company’s stock.

About Xylem

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.