Xylem (NYSE:XYL) Price Target Raised to $142.00 at Oppenheimer

Xylem (NYSE:XYL) had its target price increased by Oppenheimer from $133.00 to $142.00 in a research report report published on Thursday morning, Benzinga reports. The firm currently has an outperform rating on the industrial products company’s stock.

A number of other research analysts also recently weighed in on XYL. Stifel Nicolaus increased their price objective on shares of Xylem from $136.00 to $150.00 and gave the company a buy rating in a research report on Wednesday, February 7th. Royal Bank of Canada increased their price objective on shares of Xylem from $140.00 to $145.00 and gave the company an outperform rating in a research report on Wednesday, February 7th. Raymond James upgraded shares of Xylem from an underperform rating to a market perform rating in a research report on Thursday, January 4th. Robert W. Baird upped their target price on shares of Xylem from $141.00 to $148.00 and gave the company an outperform rating in a report on Thursday, March 21st. Finally, Citigroup upped their target price on shares of Xylem from $126.00 to $139.00 and gave the company a neutral rating in a report on Monday, April 8th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $138.11.

Xylem Trading Up 0.7 %

Shares of NYSE XYL opened at $127.16 on Thursday. The firm’s 50 day moving average price is $126.94 and its 200-day moving average price is $112.11. The company has a market cap of $30.82 billion, a PE ratio of 46.75, a P/E/G ratio of 2.52 and a beta of 1.10. Xylem has a 52-week low of $87.59 and a 52-week high of $130.86. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.30 and a current ratio of 1.76.

Xylem (NYSE:XYL) last issued its earnings results on Tuesday, February 6th. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.03. The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.05 billion. Xylem had a net margin of 8.27% and a return on equity of 9.65%. The business’s revenue was up 40.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.92 earnings per share. On average, equities research analysts expect that Xylem will post 4.13 EPS for the current fiscal year.

Xylem Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 21st were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Tuesday, February 20th. This is an increase from Xylem’s previous quarterly dividend of $0.33. Xylem’s dividend payout ratio (DPR) is currently 52.94%.

Insider Buying and Selling

In related news, CAO Geri-Michelle Mcshane sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $122.89, for a total value of $122,890.00. Following the transaction, the chief accounting officer now owns 2,935 shares of the company’s stock, valued at approximately $360,682.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, SVP Franz Cerwinka sold 2,408 shares of Xylem stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $121.79, for a total value of $293,270.32. Following the transaction, the senior vice president now owns 11,750 shares of the company’s stock, valued at approximately $1,431,032.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Geri-Michelle Mcshane sold 1,000 shares of Xylem stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $122.89, for a total transaction of $122,890.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,935 shares in the company, valued at approximately $360,682.15. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of XYL. Panagora Asset Management Inc. grew its position in shares of Xylem by 21.7% in the 1st quarter. Panagora Asset Management Inc. now owns 14,297 shares of the industrial products company’s stock worth $1,219,000 after buying an additional 2,550 shares during the last quarter. Yousif Capital Management LLC boosted its holdings in shares of Xylem by 1.5% in the 1st quarter. Yousif Capital Management LLC now owns 27,307 shares of the industrial products company’s stock valued at $2,328,000 after acquiring an additional 416 shares during the last quarter. Blair William & Co. IL boosted its holdings in shares of Xylem by 0.5% in the 1st quarter. Blair William & Co. IL now owns 66,243 shares of the industrial products company’s stock valued at $5,648,000 after acquiring an additional 299 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Xylem by 6.7% in the 1st quarter. Sei Investments Co. now owns 335,330 shares of the industrial products company’s stock valued at $28,590,000 after acquiring an additional 21,165 shares during the last quarter. Finally, Prudential PLC purchased a new stake in Xylem during the first quarter worth $333,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

About Xylem

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.