Royal Bank of Canada Increases Xylem (NYSE:XYL) Price Target to $163.00

Xylem (NYSE:XYL) had its price target raised by Royal Bank of Canada from $160.00 to $163.00 in a report issued on Wednesday morning, Benzinga reports. The brokerage currently has an outperform rating on the industrial products company’s stock.

Several other equities research analysts have also recently issued reports on XYL. Argus raised their price target on shares of Xylem from $146.00 to $165.00 and gave the stock a buy rating in a research note on Wednesday, May 29th. TD Cowen lifted their target price on shares of Xylem from $135.00 to $138.00 and gave the stock a buy rating in a research note on Thursday, June 6th. Oppenheimer boosted their price target on Xylem from $147.00 to $152.00 and gave the company an outperform rating in a report on Friday, May 31st. Mizuho raised their price objective on Xylem from $110.00 to $135.00 and gave the stock a neutral rating in a report on Friday, May 3rd. Finally, Robert W. Baird upped their target price on Xylem from $151.00 to $155.00 and gave the company an outperform rating in a research note on Friday, May 3rd. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of $146.08.

Xylem Trading Down 2.4 %

Shares of Xylem stock opened at $130.15 on Wednesday. The business has a 50 day moving average price of $137.49 and a 200 day moving average price of $131.20. The company has a market capitalization of $31.61 billion, a P/E ratio of 46.32, a P/E/G ratio of 2.35 and a beta of 1.04. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.85 and a quick ratio of 1.22. Xylem has a 1 year low of $87.59 and a 1 year high of $146.08.

Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share 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 analysts’ expectations of $2.14 billion. Xylem had a return on equity of 9.48% and a net margin of 9.11%. The business’s revenue for the quarter was up 26.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.98 earnings per share. Sell-side analysts anticipate that Xylem will post 4.25 EPS for the current fiscal year.

Xylem Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, May 30th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend was Thursday, May 30th. Xylem’s dividend payout ratio (DPR) is presently 51.25%.

Insider Buying and Selling at Xylem

In related news, SVP Rodney Aulick sold 21,800 shares of the company’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $139.01, for a total transaction of $3,030,418.00. Following the completion of the sale, the senior vice president now directly owns 76,287 shares of the company’s stock, valued at approximately $10,604,655.87. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CAO Geri-Michelle Mcshane sold 2,278 shares of Xylem stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $138.63, for a total transaction of $315,799.14. Following the sale, 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 at the SEC website. Also, SVP Rodney Aulick sold 21,800 shares of the business’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $139.01, for a total transaction of $3,030,418.00. Following the transaction, the senior vice president now directly owns 76,287 shares in the company, valued at $10,604,655.87. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Xylem

A number of institutional investors have recently added to or reduced their stakes in XYL. EverSource Wealth Advisors LLC increased its position 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. Blue Trust Inc. grew its stake in Xylem by 1,185.7% during the 2nd quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 249 shares in the last quarter. FinTrust Capital Advisors LLC increased its holdings in Xylem by 170.9% during the 1st quarter. FinTrust Capital Advisors LLC now owns 317 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 200 shares during the last quarter. Hazlett Burt & Watson Inc. raised its position in shares of Xylem by 184.9% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 339 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 220 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of Xylem by 96.9% during the 2nd quarter. UMB Bank n.a. now owns 382 shares of the industrial products company’s stock valued at $52,000 after buying an additional 188 shares during the last quarter. Institutional investors and hedge funds 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.