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

Shares of Xylem Inc. (NYSE:XYL) have been given a consensus recommendation of “Moderate Buy” by the thirteen research firms that are currently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $165.80.

Several research firms recently issued reports on XYL. Barclays cut their price objective on Xylem from $172.00 to $166.00 and set an “overweight” rating on the stock in a report on Wednesday, January 7th. Royal Bank Of Canada boosted their price target on shares of Xylem from $169.00 to $176.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Robert W. Baird set a $178.00 price objective on shares of Xylem in a research note on Wednesday, October 29th. Mizuho reduced their target price on shares of Xylem from $160.00 to $150.00 and set a “neutral” rating on the stock in a report on Monday, January 5th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Xylem in a research note on Monday, December 29th.

Xylem Stock Down 0.0%

Shares of XYL opened at $137.89 on Friday. The company’s 50-day moving average price is $139.60 and its 200 day moving average price is $141.74. Xylem has a 12-month low of $100.47 and a 12-month high of $154.27. The company has a current ratio of 1.96, a quick ratio of 1.50 and a debt-to-equity ratio of 0.17. The firm has a market cap of $33.57 billion, a P/E ratio of 35.45, a price-to-earnings-growth ratio of 1.96 and a beta of 1.17.

Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.14. The business had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.22 billion. Xylem had a net margin of 10.66% and a return on equity of 10.77%. The business’s revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.11 EPS. On average, sell-side analysts forecast that Xylem will post 4.65 earnings per share for the current year.

Xylem Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Tuesday, November 25th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Tuesday, November 25th. Xylem’s dividend payout ratio is presently 41.13%.

Insider Buying and Selling

In other Xylem news, Director Victoria D. Harker sold 1,700 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $148.14, for a total transaction of $251,838.00. Following the completion of the transaction, the director owned 16,875 shares in the company, valued at $2,499,862.50. The trade was a 9.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.27% of the stock is owned by company insiders.

Hedge Funds Weigh In On Xylem

Several large investors have recently bought and sold shares of XYL. SJS Investment Consulting Inc. increased its holdings in shares of Xylem by 1,844.4% in the 3rd quarter. SJS Investment Consulting Inc. now owns 175 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 166 shares during the last quarter. Knuff & Co LLC acquired a new stake in Xylem during the third quarter worth approximately $27,000. Board of the Pension Protection Fund purchased a new stake in shares of Xylem during the 4th quarter worth approximately $27,000. Wexford Capital LP purchased a new position in shares of Xylem in the 3rd quarter valued at $27,000. Finally, First Horizon Corp acquired a new stake in Xylem during the 3rd quarter worth $30,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

About Xylem

Xylem Inc (NYSE: XYL) is a global water technology company that designs, manufactures and services engineered systems and equipment for the transport, treatment, testing and efficient use of water. Its product portfolio spans pumps and pumping systems, valves, filtration and disinfection equipment, sensors and analytical instruments, and digital solutions for monitoring and control of water infrastructure. Xylem serves the full water cycle with offerings for water and wastewater utilities, industrial customers, commercial and residential buildings, and agricultural applications.

The company was established as an independent publicly traded company in 2011 following a corporate spin-off from ITT Corporation and is headquartered in Rye Brook, New York.