Royal Bank of Canada Boosts Xylem (NYSE:XYL) Price Target to $163.00

Xylem (NYSE:XYL) had its price target lifted by Royal Bank of Canada from $160.00 to $163.00 in a research note released on Wednesday, Benzinga reports. They currently have an outperform rating on the industrial products company’s stock.

Several other equities research analysts also recently weighed in on XYL. Robert W. Baird increased their price target on Xylem from $151.00 to $155.00 and gave the stock an outperform rating in a research report on Friday, May 3rd. Stifel Nicolaus lifted their price target on Xylem from $157.00 to $170.00 and gave the company a buy rating in a research report on Thursday, July 18th. TD Cowen boosted their price target on Xylem from $135.00 to $138.00 and gave the company a buy rating in a report on Thursday, June 6th. Citigroup raised their price objective 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. Finally, Argus boosted their target price on shares of Xylem from $146.00 to $165.00 and gave the company a buy rating in a research note on Wednesday, May 29th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Xylem presently has a consensus rating of Moderate Buy and a consensus target price of $146.08.

Xylem Trading Down 2.4 %

Shares of NYSE:XYL opened at $130.15 on Wednesday. The company has a quick ratio of 1.22, a current ratio of 1.85 and a debt-to-equity ratio of 0.19. Xylem has a 52-week low of $87.59 and a 52-week high of $146.08. The stock has a market cap of $31.61 billion, a price-to-earnings ratio of 46.32, a PEG ratio of 2.35 and a beta of 1.04. The business has a 50-day moving average price of $137.49 and a 200-day moving average price of $131.20.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.05 by $0.04. The business had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Xylem had a net margin of 9.11% and a return on equity of 9.48%. The business’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.98 EPS. Equities analysts predict that Xylem will post 4.25 EPS for the current year.

Xylem Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, May 30th were given a dividend of $0.36 per share. The ex-dividend date was Thursday, May 30th. This represents a $1.44 annualized dividend and a dividend yield of 1.11%. Xylem’s dividend payout ratio (DPR) is presently 51.25%.

Insider Buying and Selling

In other news, SVP Rodney Aulick sold 21,800 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $139.01, for a total value of $3,030,418.00. Following the transaction, the senior vice president now owns 76,287 shares in the company, valued at $10,604,655.87. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, SVP Rodney Aulick sold 21,800 shares of the company’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $139.01, for a total transaction of $3,030,418.00. Following the completion of the sale, the senior vice president now owns 76,287 shares of the company’s stock, valued at $10,604,655.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Geri-Michelle Mcshane sold 2,278 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $138.63, for a total transaction of $315,799.14. Following the completion of the transaction, the chief accounting officer now directly owns 3,536 shares in the company, valued at $490,195.68. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Xylem

A number of institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC boosted its holdings in Xylem by 68.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 77 shares during the last quarter. Blue Trust Inc. grew its position in Xylem by 1,185.7% in the second quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 249 shares during the period. FinTrust Capital Advisors LLC increased its stake in Xylem by 170.9% during the first quarter. FinTrust Capital Advisors LLC now owns 317 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 200 shares during the last quarter. Hazlett Burt & Watson Inc. raised its position in Xylem by 184.9% in the first quarter. Hazlett Burt & Watson Inc. now owns 339 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 220 shares during the period. Finally, UMB Bank n.a. lifted its stake in shares of Xylem by 96.9% in the 2nd quarter. UMB Bank n.a. now owns 382 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 188 shares during the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

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.