Xylem Inc. (NYSE:XYL) had its price objective upped by Oppenheimer Holdings, Inc. from $60.00 to $66.00 in a research report sent to investors on Wednesday morning. The firm currently has an outperform rating on the industrial products company’s stock. Oppenheimer Holdings also issued estimates for Xylem’s Q4 2017 earnings at $0.77 EPS, FY2017 earnings at $2.37 EPS, FY2018 earnings at $2.75 EPS and FY2019 earnings at $3.10 EPS.
Other equities research analysts have also issued research reports about the company. Royal Bank Of Canada boosted their price target on Xylem from $58.00 to $64.00 and gave the stock an outperform rating in a research note on Wednesday. Stifel Nicolaus restated a hold rating and set a $52.00 price target on shares of Xylem in a research note on Thursday, July 6th. BidaskClub lowered Xylem from a buy rating to a hold rating in a research note on Monday, July 31st. Zacks Investment Research upgraded Xylem from a hold rating to a buy rating and set a $62.00 price target on the stock in a research note on Tuesday, July 4th. Finally, Boenning Scattergood restated a buy rating and set a $55.00 price target on shares of Xylem in a research note on Wednesday, June 7th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Xylem has a consensus rating of Buy and a consensus price target of $58.23.
Xylem (NYSE XYL) opened at 60.02 on Wednesday. The company has a market cap of $10.78 billion, a PE ratio of 38.75 and a beta of 1.18. The firm’s 50-day moving average is $55.49 and its 200 day moving average is $51.39. Xylem has a 1-year low of $45.60 and a 1-year high of $60.14.
Xylem (NYSE:XYL) last issued its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.02. Xylem had a return on equity of 16.02% and a net margin of 7.08%. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the firm earned $0.48 earnings per share. The company’s revenue was up 24.9% on a year-over-year basis. Analysts predict that Xylem will post $2.36 earnings per share for the current fiscal year.
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In related news, Director Steven R. Loranger sold 66,132 shares of the company’s stock in a transaction that occurred on Thursday, June 29th. The stock was sold at an average price of $55.01, for a total value of $3,637,921.32. Following the sale, the director now owns 65,030 shares in the company, valued at $3,577,300.30. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.75% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the stock. Asset Planning Services Ltd. increased its position in shares of Xylem by 0.3% in the first quarter. Asset Planning Services Ltd. now owns 2,107 shares of the industrial products company’s stock worth $106,000 after buying an additional 7 shares during the last quarter. Farmers & Merchants Investments Inc. increased its position in shares of Xylem by 0.7% in the second quarter. Farmers & Merchants Investments Inc. now owns 3,445 shares of the industrial products company’s stock worth $191,000 after buying an additional 25 shares during the last quarter. National Asset Management Inc. increased its position in shares of Xylem by 0.5% in the first quarter. National Asset Management Inc. now owns 8,778 shares of the industrial products company’s stock worth $442,000 after buying an additional 48 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of Xylem by 0.3% in the second quarter. CIBC Asset Management Inc now owns 17,671 shares of the industrial products company’s stock worth $980,000 after buying an additional 58 shares during the last quarter. Finally, Page Arthur B increased its position in shares of Xylem by 0.5% in the second quarter. Page Arthur B now owns 14,420 shares of the industrial products company’s stock worth $798,000 after buying an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 85.76% of the company’s stock.
About Xylem
Xylem Inc is a water technology company. The Company designs, manufactures and services engineered solutions across a range of critical applications. It is an equipment and service provider for water and wastewater applications with a portfolio of products and services addressing the cycle of water, from collection, distribution and use to the return of water to the environment.
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