Shares of Xylem Inc (NYSE:XYL) have been given an average rating of “Buy” by the fourteen ratings firms that are covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $75.00.
Several research analysts have commented on XYL shares. Zacks Investment Research raised Xylem from a “hold” rating to a “buy” rating and set a $81.00 price target on the stock in a research report on Saturday, February 10th. Royal Bank of Canada reaffirmed a “buy” rating and set a $80.00 price target on shares of Xylem in a research report on Thursday, January 4th. Boenning Scattergood reissued a “buy” rating on shares of Xylem in a report on Friday, December 15th. BMO Capital Markets reissued a “buy” rating and issued a $83.00 target price on shares of Xylem in a report on Friday, January 26th. Finally, Seaport Global Securities reissued a “buy” rating and issued a $83.00 target price on shares of Xylem in a report on Friday, February 2nd.
Xylem (NYSE XYL) traded down $0.57 on Friday, reaching $77.41. The company’s stock had a trading volume of 171,378 shares, compared to its average volume of 1,057,849. The firm has a market capitalization of $14,047.84, a price-to-earnings ratio of 32.67, a price-to-earnings-growth ratio of 1.50 and a beta of 1.12. Xylem has a 52 week low of $47.92 and a 52 week high of $79.67. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.41 and a current ratio of 1.88.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, February 15th will be given a $0.21 dividend. This is an increase from Xylem’s previous quarterly dividend of $0.18. This represents a $0.84 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Wednesday, February 14th. Xylem’s dividend payout ratio is currently 45.65%.
In other news, Director Curtis J. Crawford sold 7,948 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $71.77, for a total value of $570,427.96. Following the sale, the director now directly owns 55,245 shares in the company, valued at $3,964,933.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Tomas Brannemo sold 1,151 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $76.41, for a total value of $87,947.91. The disclosure for this sale can be found here. Insiders sold 88,216 shares of company stock worth $6,110,375 over the last 90 days. Company insiders own 0.75% of the company’s stock.
Several large investors have recently modified their holdings of the company. Greenleaf Trust increased its stake in Xylem by 97.4% in the fourth quarter. Greenleaf Trust now owns 1,490 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 735 shares during the last quarter. Invictus RG acquired a new position in Xylem in the third quarter valued at $104,000. Hanson & Doremus Investment Management acquired a new position in Xylem in the fourth quarter valued at $126,000. FNY Partners Fund LP increased its stake in Xylem by 2,700.0% in the third quarter. FNY Partners Fund LP now owns 2,800 shares of the industrial products company’s stock valued at $175,000 after purchasing an additional 2,700 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC acquired a new position in Xylem in the third quarter valued at $205,000. Institutional investors and hedge funds own 85.46% 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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