Brokerages Set Xylem Inc (XYL) Price Target at $79.50

Shares of Xylem Inc (NYSE:XYL) have been assigned an average rating of “Buy” from the sixteen analysts that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $79.50.

XYL has been the subject of several analyst reports. Zacks Investment Research lowered shares of Xylem from a “hold” rating to a “sell” rating in a research report on Saturday, January 12th. BMO Capital Markets reissued a “buy” rating and set a $85.00 price target on shares of Xylem in a research report on Monday, February 25th. Boenning Scattergood reissued a “buy” rating on shares of Xylem in a research report on Friday, March 22nd. ValuEngine lowered shares of Xylem from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. Finally, Stifel Nicolaus increased their price target on shares of Xylem from $80.00 to $93.00 and gave the company a “buy” rating in a research report on Tuesday.

NYSE:XYL opened at $82.93 on Tuesday. Xylem has a 1-year low of $60.65 and a 1-year high of $83.49. The stock has a market capitalization of $14.89 billion, a P/E ratio of 28.80, a price-to-earnings-growth ratio of 1.41 and a beta of 1.14. The company has a quick ratio of 1.08, a current ratio of 1.51 and a debt-to-equity ratio of 0.74.

Xylem (NYSE:XYL) last released its quarterly earnings data on Thursday, January 31st. The industrial products company reported $0.88 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.88. Xylem had a net margin of 10.54% and a return on equity of 19.89%. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.36 billion. Analysts predict that Xylem will post 3.31 earnings per share for the current fiscal year.

In other news, SVP Claudia S. Toussaint sold 8,215 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $76.37, for a total transaction of $627,379.55. Following the transaction, the senior vice president now owns 59,008 shares in the company, valued at $4,506,440.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Tomas Brannemo sold 2,621 shares of the company’s stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $75.05, for a total transaction of $196,706.05. Following the transaction, the senior vice president now owns 12,774 shares in the company, valued at approximately $958,688.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 80,195 shares of company stock worth $6,000,933. Corporate insiders own 0.85% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Thrivent Financial for Lutherans grew its stake in shares of Xylem by 1.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 7,864 shares of the industrial products company’s stock worth $525,000 after purchasing an additional 138 shares during the period. Cascade Investment Advisors Inc. grew its stake in shares of Xylem by 25.0% during the 4th quarter. Cascade Investment Advisors Inc. now owns 1,000 shares of the industrial products company’s stock worth $67,000 after purchasing an additional 200 shares during the period. Independent Investors Inc. grew its stake in shares of Xylem by 2.5% during the 4th quarter. Independent Investors Inc. now owns 9,500 shares of the industrial products company’s stock worth $633,000 after purchasing an additional 230 shares during the period. Mercer Capital Advisers Inc. grew its stake in shares of Xylem by 33.3% during the 4th quarter. Mercer Capital Advisers Inc. now owns 1,000 shares of the industrial products company’s stock worth $67,000 after purchasing an additional 250 shares during the period. Finally, Peoples Financial Services CORP. grew its stake in shares of Xylem by 2.9% during the 1st quarter. Peoples Financial Services CORP. now owns 8,938 shares of the industrial products company’s stock worth $706,000 after purchasing an additional 250 shares during the period. Hedge funds and other institutional investors own 86.64% of the company’s stock.

Xylem Company Profile

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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Analyst Recommendations for Xylem (NYSE:XYL)

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