Shares of Xylem Inc (NYSE:XYL) have been assigned a consensus rating of “Buy” from the sixteen ratings firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $78.00.
Several research firms recently commented on XYL. Janney Montgomery Scott downgraded Xylem from a “buy” rating to a “neutral” rating in a research note on Friday. Zacks Investment Research raised Xylem from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a research note on Monday, February 4th. Oppenheimer set a $80.00 price objective on Xylem and gave the company a “buy” rating in a research note on Monday, February 4th. BMO Capital Markets reissued a “buy” rating and issued a $85.00 price objective on shares of Xylem in a research note on Monday, February 25th. Finally, ValuEngine downgraded Xylem from a “buy” rating to a “hold” rating in a research note on Monday, February 4th.
Shares of NYSE:XYL traded down $0.03 during midday trading on Friday, reaching $79.04. 1,224,809 shares of the company’s stock traded hands, compared to its average volume of 885,745. Xylem has a 1 year low of $60.65 and a 1 year high of $82.44. The firm has a market capitalization of $14.00 billion, a price-to-earnings ratio of 27.44, a price-to-earnings-growth ratio of 1.34 and a beta of 1.14. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.51 and a quick ratio of 1.08.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Thursday, February 14th were paid a $0.24 dividend. The ex-dividend date of this dividend was Wednesday, February 13th. This is an increase from Xylem’s previous quarterly dividend of $0.21. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.21%. Xylem’s dividend payout ratio (DPR) is 33.33%.
In other Xylem news, insider Kenneth Napolitano sold 35,526 shares of the firm’s stock in a transaction on Monday, February 4th. The stock was sold at an average price of $70.17, for a total value of $2,492,859.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Tomas Brannemo sold 2,621 shares of the firm’s stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $75.05, for a total value of $196,706.05. Following the completion of the sale, the senior vice president now directly owns 12,774 shares of the company’s stock, valued at $958,688.70. The disclosure for this sale can be found here. Insiders sold a total of 56,921 shares of company stock valued at $4,128,457 over the last ninety days. Corporate insiders own 0.81% of the company’s stock.
Several large investors have recently modified their holdings of the stock. Liberty Wealth Management LLC acquired a new stake in shares of Xylem during the 4th quarter worth about $35,000. Norges Bank acquired a new stake in shares of Xylem during the 4th quarter worth about $251,391,000. Princeton Global Asset Management LLC acquired a new stake in shares of Xylem during the 4th quarter worth about $490,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Xylem during the 4th quarter worth about $237,000. Finally, Putnam FL Investment Management Co. increased its position in shares of Xylem by 3.9% during the 4th quarter. Putnam FL Investment Management Co. now owns 79,950 shares of the industrial products company’s stock worth $5,334,000 after purchasing an additional 3,034 shares during the last quarter. 86.99% of the stock is owned by hedge funds and other institutional investors.
Xylem Inc engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications. It operates in three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions. The Water Infrastructure segment offers various products, including water and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment under the Flygt, Godwin, Wedeco, Sanitaire, and Leopold names for the transportation and treatment of water.
Further Reading: Net Income
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