Xylem (XYL) Upgraded by Zacks Investment Research to Buy

Xylem (NYSE:XYL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Sunday. The firm presently has a $80.00 target price on the industrial products company’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 11.25% from the stock’s previous close.

According to Zacks, “Xylem’s shares have outperformed the industry in three months’ time. The company believes that robust semiconductor and industrial end-markets’ demand will continue to drive its revenues in the quarters ahead. In addition, greater operational efficacy will likely bolster the company’s near-term bottom-line results. Integration process of the Analytics and Sensus businesses is right on track and is expected to drive its Measurement and Control Solutions segment’s performance in the upcoming quarters. Xylem also intends to fund strategic investment projects and boost shareholders’ return on the back of increased cost savings. Over the last 60 days, Zacks Consensus Estimate for the stock moved north for 2018.”

Several other brokerages have also commented on XYL. Royal Bank of Canada restated a “buy” rating and issued a $80.00 price target on shares of Xylem in a research note on Thursday, January 4th. Canaccord Genuity restated a “hold” rating and issued a $65.00 price target on shares of Xylem in a research note on Monday, December 11th. Boenning Scattergood restated a “buy” rating on shares of Xylem in a research note on Friday, December 15th. Seaport Global Securities restated a “buy” rating on shares of Xylem in a research note on Wednesday, November 1st. Finally, Oppenheimer increased their price objective on shares of Xylem from $66.00 to $75.00 and gave the company an “outperform” rating in a report on Wednesday, November 1st. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $66.67.

Shares of Xylem (NYSE:XYL) opened at $71.91 on Friday. Xylem has a 12 month low of $46.67 and a 12 month high of $75.16. The company has a market cap of $12,920.00, a P/E ratio of 41.81, a price-to-earnings-growth ratio of 1.69 and a beta of 1.18. The company has a quick ratio of 1.26, a current ratio of 1.76 and a debt-to-equity ratio of 0.88.

Xylem (NYSE:XYL) last announced its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.64 by $0.01. Xylem had a net margin of 6.85% and a return on equity of 17.74%. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter last year, the business earned $0.54 earnings per share. Xylem’s revenue was up 33.2% compared to the same quarter last year. equities research analysts forecast that Xylem will post 2.39 EPS for the current fiscal year.

In other news, insider Colin R. Sabol sold 38,070 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $65.81, for a total value of $2,505,386.70. Following the completion of the transaction, the insider now directly owns 61,979 shares in the company, valued at $4,078,837.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Curtis J. Crawford sold 7,500 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $66.44, for a total transaction of $498,300.00. Following the completion of the transaction, the director now owns 52,385 shares of the company’s stock, valued at $3,480,459.40. The disclosure for this sale can be found here. Insiders sold 150,777 shares of company stock valued at $10,097,757 over the last quarter. Insiders own 0.75% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Chevy Chase Trust Holdings Inc. boosted its holdings in Xylem by 0.9% during the third quarter. Chevy Chase Trust Holdings Inc. now owns 197,184 shares of the industrial products company’s stock worth $12,349,000 after buying an additional 1,670 shares in the last quarter. Clinton Group Inc. bought a new stake in Xylem during the second quarter worth approximately $3,292,000. Highbridge Capital Management LLC bought a new stake in Xylem during the third quarter worth approximately $254,000. Patten Group Inc. boosted its holdings in Xylem by 295.6% during the third quarter. Patten Group Inc. now owns 127,490 shares of the industrial products company’s stock worth $2,009,000 after buying an additional 95,259 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its holdings in Xylem by 0.8% during the second quarter. New York State Common Retirement Fund now owns 560,722 shares of the industrial products company’s stock worth $31,081,000 after buying an additional 4,499 shares in the last quarter. Institutional investors and hedge funds own 85.27% of the company’s stock.

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Xylem Company Profile

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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