Mizuho Raises Xylem (NYSE:XYL) Price Target to $135.00

Xylem (NYSE:XYL) had its price objective lifted by Mizuho from $110.00 to $135.00 in a research note published on Friday morning, Benzinga reports. Mizuho currently has a neutral rating on the industrial products company’s stock.

Other equities research analysts also recently issued reports about the company. Raymond James raised Xylem from an underperform rating to a market perform rating in a report on Thursday, January 4th. Citigroup upped their price target on shares of Xylem from $126.00 to $139.00 and gave the stock a neutral rating in a research note on Monday, April 8th. Robert W. Baird raised their price objective on shares of Xylem from $151.00 to $155.00 and gave the company an outperform rating in a research note on Friday. BNP Paribas initiated coverage on shares of Xylem in a research note on Tuesday, March 12th. They issued an outperform rating and a $150.00 target price on the stock. Finally, Oppenheimer increased their price target on shares of Xylem from $133.00 to $142.00 and gave the company an outperform rating in a report on Thursday, April 18th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Xylem has a consensus rating of Moderate Buy and a consensus price target of $140.70.

Xylem Stock Up 0.9 %

NYSE:XYL opened at $137.21 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.67 and a quick ratio of 1.30. The firm’s 50-day moving average price is $128.64 and its 200-day moving average price is $115.54. The company has a market capitalization of $33.26 billion, a PE ratio of 48.83, a P/E/G ratio of 2.69 and a beta of 1.08. Xylem has a 1-year low of $87.59 and a 1-year high of $138.46.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.06. Xylem had a net margin of 8.34% and a return on equity of 8.95%. The business had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2 billion. During the same quarter in the prior year, the company earned $0.72 earnings per share. The business’s revenue was up 40.4% compared to the same quarter last year. On average, equities analysts predict that Xylem will post 4.24 EPS for the current fiscal year.

Xylem Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 21st were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend was Tuesday, February 20th. This is an increase from Xylem’s previous quarterly dividend of $0.33. Xylem’s payout ratio is 51.25%.

Insider Buying and Selling at Xylem

In other news, SVP Franz Cerwinka sold 2,408 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $121.79, for a total value of $293,270.32. Following the transaction, the senior vice president now directly owns 11,750 shares in the company, valued at approximately $1,431,032.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Xylem news, SVP Franz Cerwinka sold 2,408 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $121.79, for a total value of $293,270.32. Following the transaction, the senior vice president now owns 11,750 shares of the company’s stock, valued at $1,431,032.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Geri-Michelle Mcshane sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $122.89, for a total value of $122,890.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,935 shares in the company, valued at $360,682.15. The disclosure for this sale can be found here. Company insiders own 0.27% of the company’s stock.

Institutional Trading of Xylem

Several large investors have recently added to or reduced their stakes in XYL. Kornitzer Capital Management Inc. KS grew its stake in shares of Xylem by 9.0% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 109,882 shares of the industrial products company’s stock valued at $12,566,000 after acquiring an additional 9,114 shares during the period. International Assets Investment Management LLC raised its position 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 valued at $7,205,000 after purchasing an additional 62,398 shares during the period. ING Groep NV purchased a new position in shares of Xylem during the 3rd quarter valued at $2,752,000. Meiji Yasuda Asset Management Co Ltd. increased its stake in Xylem by 6.6% in 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 buying an additional 2,438 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of Xylem by 351.2% in the fourth quarter. SG Americas Securities LLC now owns 101,408 shares of the industrial products company’s stock valued at $11,597,000 after acquiring an additional 78,934 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors.

Xylem Company Profile

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.