Xylem Inc. (NYSE:XYL) had its price target hoisted by Royal Bank Of Canada from $58.00 to $64.00 in a research report sent to investors on Wednesday, August 2nd, Marketbeat Ratings reports. The firm currently has an outperform rating on the industrial products company’s stock.
Other equities analysts have also recently issued research reports about the stock. Barclays PLC raised shares of Xylem from an equal weight rating to an overweight rating and raised their price target for the company from $51.00 to $59.00 in a research report on Monday, May 15th. BidaskClub raised shares of Xylem from a hold rating to a buy rating in a research report on Wednesday, June 28th. CIBC reissued a buy rating and issued a $58.00 price target on shares of Xylem in a research report on Thursday, April 6th. Oppenheimer Holdings, Inc. set a $58.00 price target on shares of Xylem and gave the company a buy rating in a research report on Wednesday, April 5th. Finally, BMO Capital Markets assumed coverage on shares of Xylem in a research report on Wednesday, June 21st. They issued an outperform rating and a $60.00 price target for the company. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Xylem presently has an average rating of Buy and an average target price of $59.00.
Xylem (NYSE:XYL) traded up 0.24% during mid-day trading on Wednesday, reaching $59.12. The company’s stock had a trading volume of 506,147 shares. Xylem has a 52 week low of $45.60 and a 52 week high of $60.71. The company’s 50-day moving average price is $56.81 and its 200 day moving average price is $51.96. The firm has a market capitalization of $10.62 billion, a price-to-earnings ratio of 38.17 and a beta of 1.18.
Xylem (NYSE:XYL) last posted its earnings results on Tuesday, August 1st. The industrial products company reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.02. Xylem had a net margin of 7.08% and a return on equity of 16.02%. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the firm earned $0.48 EPS. The firm’s revenue for the quarter was up 24.9% on a year-over-year basis. On average, equities analysts forecast that Xylem will post $2.37 earnings per share for the current fiscal year.
In other news, Director Steven R. Loranger sold 66,132 shares of Xylem stock in a transaction on Thursday, June 29th. The shares were sold at an average price of $55.01, for a total transaction of $3,637,921.32. Following the completion of the sale, the director now directly owns 65,030 shares of the company’s stock, valued at approximately $3,577,300.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Kenneth Napolitano sold 9,052 shares of Xylem stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $60.16, for a total transaction of $544,568.32. Following the sale, the insider now directly owns 35,303 shares of the company’s stock, valued at $2,123,828.48. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Xylem by 2.4% in the second quarter. Vanguard Group Inc. now owns 17,697,791 shares of the industrial products company’s stock worth $980,989,000 after buying an additional 409,920 shares during the period. BlackRock Inc. boosted its stake in shares of Xylem by 2,452.8% in the first quarter. BlackRock Inc. now owns 12,042,342 shares of the industrial products company’s stock worth $604,765,000 after buying an additional 11,570,613 shares during the period. Pictet Asset Management Ltd. boosted its stake in shares of Xylem by 7.9% in the second quarter. Pictet Asset Management Ltd. now owns 4,342,944 shares of the industrial products company’s stock worth $226,441,000 after buying an additional 318,756 shares during the period. FMR LLC boosted its stake in shares of Xylem by 7.7% in the second quarter. FMR LLC now owns 3,239,067 shares of the industrial products company’s stock worth $179,541,000 after buying an additional 232,139 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of Xylem by 17.0% in the second quarter. Ameriprise Financial Inc. now owns 2,727,985 shares of the industrial products company’s stock worth $151,210,000 after buying an additional 396,854 shares during the period. 86.41% of the stock is owned by hedge funds and other institutional investors.
Xylem Inc is a water technology company. The Company designs, manufactures and services engineered solutions across a range of critical applications. It is an equipment and service provider for water and wastewater applications with a portfolio of products and services addressing the cycle of water, from collection, distribution and use to the return of water to the environment.
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