Xylem Inc. (NYSE:XYL) Given Average Recommendation of “Moderate Buy” by Brokerages

Xylem Inc. (NYSE:XYLGet Free Report) has been given a consensus rating of “Moderate Buy” by the twelve brokerages that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $123.20.

XYL has been the subject of a number of recent analyst reports. Stifel Nicolaus boosted their target price on Xylem from $133.00 to $136.00 and gave the stock a “buy” rating in a research report on Tuesday, December 19th. Citigroup upped their price target on shares of Xylem from $104.00 to $109.00 and gave the company a “neutral” rating in a research report on Monday, December 11th. Oppenheimer raised shares of Xylem from a “market perform” rating to an “outperform” rating and set a $118.00 price target for the company in a research report on Thursday, October 19th. Royal Bank of Canada upped their price target on shares of Xylem from $120.00 to $140.00 and gave the company an “outperform” rating in a research report on Thursday, January 4th. Finally, Raymond James raised shares of Xylem from an “underperform” rating to a “market perform” rating in a research report on Thursday, January 4th.

Get Our Latest Research Report on Xylem

Insider Activity

In other news, Director Victoria D. Harker sold 2,000 shares of the stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $106.50, for a total transaction of $213,000.00. Following the completion of the transaction, the director now directly owns 20,679 shares in the company, valued at approximately $2,202,313.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Patrick Decker sold 99,648 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $100.84, for a total transaction of $10,048,504.32. Following the completion of the transaction, the chief executive officer now directly owns 287,564 shares in the company, valued at approximately $28,997,953.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Victoria D. Harker sold 2,000 shares of the stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $106.50, for a total value of $213,000.00. Following the transaction, the director now owns 20,679 shares of the company’s stock, valued at $2,202,313.50. The disclosure for this sale can be found here. Corporate insiders own 0.90% of the company’s stock.

Institutional Trading of Xylem

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Victory Capital Management Inc. raised its holdings in Xylem by 0.7% during the 4th quarter. Victory Capital Management Inc. now owns 2,527,487 shares of the industrial products company’s stock valued at $289,043,000 after buying an additional 16,713 shares during the period. Cannell & Co. increased its stake in Xylem by 576.8% in the fourth quarter. Cannell & Co. now owns 77,682 shares of the industrial products company’s stock worth $8,884,000 after purchasing an additional 66,205 shares during the period. MONECO Advisors LLC purchased a new stake in Xylem in the fourth quarter worth $223,000. Mission Wealth Management LP increased its stake in Xylem by 4.0% in the fourth quarter. Mission Wealth Management LP now owns 8,364 shares of the industrial products company’s stock worth $957,000 after purchasing an additional 320 shares during the period. Finally, Van ECK Associates Corp increased its stake in Xylem by 152.7% in the fourth quarter. Van ECK Associates Corp now owns 9,422 shares of the industrial products company’s stock worth $1,078,000 after purchasing an additional 5,694 shares during the period. Hedge funds and other institutional investors own 84.53% of the company’s stock.

Xylem Price Performance

Shares of NYSE:XYL opened at $114.08 on Tuesday. Xylem has a fifty-two week low of $87.59 and a fifty-two week high of $117.35. The business has a 50-day simple moving average of $110.99 and a two-hundred day simple moving average of $102.73. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.21 and a current ratio of 1.72. The firm has a market cap of $27.50 billion, a price-to-earnings ratio of 46.75, a price-to-earnings-growth ratio of 2.06 and a beta of 1.09.

Xylem Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 19th. Stockholders of record on Tuesday, November 21st were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, November 20th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.16%. Xylem’s dividend payout ratio is currently 54.10%.

Xylem Company Profile

(Get Free Report

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions.

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Analyst Recommendations for Xylem (NYSE:XYL)

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