Xylem Inc. (NYSE:XYL) announced its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.02, Bloomberg Earnings reports. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Xylem had a return on equity of 17.26% and a net margin of 6.58%. The company’s quarterly revenue was up 24.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.48 EPS. Xylem updated its FY17 guidance to $2.30-2.40 EPS.
Shares of Xylem (NYSE XYL) opened at 59.03 on Friday. The company has a 50-day moving average price of $57.50 and a 200-day moving average price of $52.31. The company has a market cap of $10.60 billion, a PE ratio of 38.11 and a beta of 1.18. Xylem has a 1-year low of $45.60 and a 1-year high of $60.71.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Thursday, August 31st will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Tuesday, August 29th. Xylem’s dividend payout ratio is currently 46.45%.
In other Xylem news, insider Kenneth Napolitano sold 9,052 shares of the company’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $60.16, for a total value of $544,568.32. Following the transaction, the insider now directly owns 35,303 shares in the company, valued at approximately $2,123,828.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven R. Loranger sold 66,132 shares of the company’s stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $55.01, for a total value of $3,637,921.32. Following the completion of the transaction, the director now owns 65,030 shares in the company, valued at $3,577,300.30. The disclosure for this sale can be found here. Insiders own 0.75% of the company’s stock.
A number of institutional investors have recently made changes to their positions in XYL. Asset Planning Services Ltd. boosted its position in Xylem by 0.3% in the first quarter. Asset Planning Services Ltd. now owns 2,107 shares of the industrial products company’s stock worth $106,000 after buying an additional 7 shares during the last quarter. Farmers & Merchants Investments Inc. boosted its position in Xylem by 0.7% in the second quarter. Farmers & Merchants Investments Inc. now owns 3,445 shares of the industrial products company’s stock worth $191,000 after buying an additional 25 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Xylem by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,352 shares of the industrial products company’s stock worth $740,000 after buying an additional 39 shares during the last quarter. National Asset Management Inc. boosted its position in Xylem by 0.5% in the first quarter. National Asset Management Inc. now owns 8,778 shares of the industrial products company’s stock worth $442,000 after buying an additional 48 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its position in Xylem by 0.3% in the second quarter. CIBC Asset Management Inc now owns 17,671 shares of the industrial products company’s stock worth $980,000 after buying an additional 58 shares during the last quarter. Institutional investors and hedge funds own 87.16% of the company’s stock.
XYL has been the subject of several analyst reports. Barclays PLC upgraded Xylem from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $51.00 to $59.00 in a research report on Monday, May 15th. BidaskClub upgraded Xylem from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. BMO Capital Markets initiated coverage on Xylem in a research report on Wednesday, June 21st. They set an “outperform” rating and a $60.00 target price for the company. CIBC restated a “buy” rating on shares of Xylem in a research report on Wednesday, May 10th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $52.00 price objective on shares of Xylem in a research report on Thursday, July 6th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Xylem currently has a consensus rating of “Buy” and a consensus target price of $59.00.
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Xylem Company Profile
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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