Seaport Global Securities Weighs in on Xylem Inc’s Q3 2020 Earnings (XYL)

Xylem Inc (NYSE:XYL) – Equities researchers at Seaport Global Securities raised their Q3 2020 earnings per share estimates for Xylem in a note issued to investors on Tuesday, April 9th, Zacks Investment Research reports. Seaport Global Securities analyst W. Liptak now anticipates that the industrial products company will earn $1.09 per share for the quarter, up from their previous forecast of $1.06. Seaport Global Securities also issued estimates for Xylem’s Q4 2020 earnings at $1.20 EPS and FY2020 earnings at $3.99 EPS.

Several other equities research analysts also recently issued reports on the company. BMO Capital Markets restated a “buy” rating and set a $85.00 target price on shares of Xylem in a research report on Monday, February 25th. Zacks Investment Research downgraded Xylem from a “hold” rating to a “sell” rating in a research report on Friday, April 5th. ValuEngine downgraded Xylem from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. Oppenheimer set a $80.00 target price on Xylem and gave the stock a “buy” rating in a research report on Monday, February 4th. Finally, Janney Montgomery Scott upgraded Xylem from a “neutral” rating to a “buy” rating and set a $86.00 target price on the stock in a research report on Friday. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $79.80.

Xylem stock traded up $2.75 during trading on Wednesday, hitting $82.29. The stock had a trading volume of 1,156,286 shares, compared to its average volume of 881,075. The company has a market cap of $14.80 billion, a price-to-earnings ratio of 28.57, a PEG ratio of 1.44 and a beta of 1.15. Xylem has a 1 year low of $60.65 and a 1 year high of $84.41. The company has a current ratio of 1.51, a quick ratio of 1.08 and a debt-to-equity ratio of 0.74.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.06). Xylem had a net margin of 10.54% and a return on equity of 19.89%. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the previous year, the company posted $0.51 EPS. Xylem’s revenue for the quarter was up 1.6% on a year-over-year basis.

In other news, SVP Claudia S. Toussaint sold 2,344 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $83.71, for a total value of $196,216.24. Following the transaction, the senior vice president now owns 46,105 shares of the company’s stock, valued at $3,859,449.55. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Tomas Brannemo sold 559 shares of the company’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $74.44, for a total transaction of $41,611.96. Following the completion of the transaction, the insider now directly owns 10,568 shares in the company, valued at approximately $786,681.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 82,539 shares of company stock worth $6,197,149. Insiders own 0.85% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XYL. Bank of New York Mellon Corp increased its stake in Xylem by 3.8% in the third quarter. Bank of New York Mellon Corp now owns 2,083,342 shares of the industrial products company’s stock valued at $166,396,000 after acquiring an additional 77,010 shares during the last quarter. Virtu Financial LLC bought a new position in Xylem in the third quarter valued at $450,000. Dimensional Fund Advisors LP increased its stake in Xylem by 1.9% in the third quarter. Dimensional Fund Advisors LP now owns 998,192 shares of the industrial products company’s stock valued at $79,727,000 after acquiring an additional 18,310 shares during the last quarter. Standard Life Aberdeen plc increased its stake in Xylem by 17.3% in the third quarter. Standard Life Aberdeen plc now owns 49,180 shares of the industrial products company’s stock valued at $3,928,000 after acquiring an additional 7,252 shares during the last quarter. Finally, United Services Automobile Association grew its stake in shares of Xylem by 2.4% during the third quarter. United Services Automobile Association now owns 58,615 shares of the industrial products company’s stock valued at $4,682,000 after buying an additional 1,348 shares during the last quarter. 87.04% of the stock is currently owned by institutional investors and hedge funds.

About Xylem

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.

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