Xylem (NYSE:XYL) Earns Hold Rating from TD Cowen

TD Cowen reissued their hold rating on shares of Xylem (NYSE:XYL) in a research report report published on Tuesday, Marketbeat reports. TD Cowen currently has a $138.00 target price on the industrial products company’s stock.

Other analysts also recently issued reports about the company. Stifel Nicolaus raised their price target on Xylem from $170.00 to $172.00 and gave the stock a buy rating in a research report on Wednesday, July 31st. Oppenheimer raised their price target on Xylem from $147.00 to $152.00 and gave the stock an outperform rating in a research report on Friday, May 31st. Royal Bank of Canada lifted their target price on Xylem from $160.00 to $163.00 and gave the stock an outperform rating in a research report on Wednesday, July 31st. Argus lifted their target price on Xylem from $146.00 to $165.00 and gave the stock a buy rating in a research report on Wednesday, May 29th. Finally, UBS Group assumed coverage on Xylem in a research report on Tuesday, August 13th. They set a buy rating and a $165.00 target price for the company. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $147.54.

Xylem Trading Down 5.0 %

XYL stock opened at $130.71 on Tuesday. The firm has a market cap of $31.69 billion, a PE ratio of 46.52, a price-to-earnings-growth ratio of 2.42 and a beta of 1.04. The firm has a fifty day moving average price of $134.62 and a 200 day moving average price of $133.75. Xylem has a fifty-two week low of $87.59 and a fifty-two week high of $146.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.85.

Xylem (NYSE:XYL) last issued its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.04. The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.14 billion. Xylem had a return on equity of 9.48% and a net margin of 9.11%. Xylem’s revenue was up 26.0% on a year-over-year basis. During the same period last year, the company earned $0.98 earnings per share. Sell-side analysts anticipate that Xylem will post 4.25 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, August 29th will be issued a $0.36 dividend. The ex-dividend date is Thursday, August 29th. This represents a $1.44 annualized dividend and a dividend yield of 1.10%. Xylem’s payout ratio is currently 51.25%.

Insider Activity at Xylem

In other Xylem news, CAO Geri-Michelle Mcshane sold 2,278 shares of Xylem stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $138.63, for a total value of $315,799.14. Following the transaction, the chief accounting officer now owns 3,536 shares in the company, valued at $490,195.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.27% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Xylem

Several institutional investors and hedge funds have recently added to or reduced their stakes in XYL. EverSource Wealth Advisors LLC grew its stake in shares of Xylem by 68.8% during the first quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 77 shares during the last quarter. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Xylem during the second quarter worth about $33,000. Blue Trust Inc. grew its stake in shares of Xylem by 1,185.7% during the second quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 249 shares during the last quarter. FinTrust Capital Advisors LLC grew its stake in shares of Xylem by 170.9% during the first quarter. FinTrust Capital Advisors LLC now owns 317 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 200 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. grew its stake in shares of Xylem by 184.9% during the first quarter. Hazlett Burt & Watson Inc. now owns 339 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 220 shares during the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Xylem Company Profile

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.