Xylem (XYL) Stock Rating Upgraded by Vertical Research

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Xylem (NYSE:XYL) was upgraded by research analysts at Vertical Research from a “sell” rating to a “hold” rating in a report issued on Thursday, Marketbeat reports. The firm presently has a $68.00 price target on the industrial products company’s stock. Vertical Research’s target price suggests a potential downside of 1.83% from the stock’s previous close.

XYL has been the topic of several other reports. Canaccord Genuity set a $78.00 price objective on shares of Xylem and gave the company a “hold” rating in a report on Tuesday, July 24th. Credit Suisse Group assumed coverage on shares of Xylem in a report on Friday, October 12th. They set an “outperform” rating and a $86.00 price objective on the stock. Raymond James assumed coverage on shares of Xylem in a report on Wednesday, September 5th. They set an “outperform” rating and a $90.00 price objective on the stock. Robert W. Baird reaffirmed a “hold” rating and set a $80.00 price objective on shares of Xylem in a report on Wednesday, August 1st. Finally, Zacks Investment Research downgraded shares of Xylem from a “hold” rating to a “sell” rating in a report on Monday, July 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $81.07.

XYL opened at $69.27 on Thursday. The stock has a market cap of $12.81 billion, a P/E ratio of 28.86, a P/E/G ratio of 1.37 and a beta of 1.22. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.43 and a quick ratio of 1.02. Xylem has a fifty-two week low of $63.43 and a fifty-two week high of $82.44.

Xylem (NYSE:XYL) last released its quarterly earnings data on Tuesday, July 31st. The industrial products company reported $0.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.02. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.28 billion. Xylem had a net margin of 7.39% and a return on equity of 19.04%. The company’s revenue was up 13.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.59 earnings per share. Analysts predict that Xylem will post 2.9 earnings per share for the current year.

In other news, insider Colin R. Sabol sold 17,161 shares of the stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $81.37, for a total value of $1,396,390.57. Following the sale, the insider now directly owns 41,988 shares of the company’s stock, valued at $3,416,563.56. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Paul A. Stellato sold 3,000 shares of the stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $78.63, for a total transaction of $235,890.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 49,284 shares of company stock worth $3,839,982. Insiders own 0.81% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. TIAA FSB raised its stake in Xylem by 4.3% in the third quarter. TIAA FSB now owns 82,505 shares of the industrial products company’s stock valued at $6,590,000 after purchasing an additional 3,426 shares in the last quarter. Oakbrook Investments LLC purchased a new stake in Xylem in the third quarter valued at approximately $807,000. Howard Capital Management raised its stake in Xylem by 0.6% in the third quarter. Howard Capital Management now owns 183,383 shares of the industrial products company’s stock valued at $14,647,000 after purchasing an additional 1,109 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in Xylem by 16.9% in the third quarter. Nisa Investment Advisors LLC now owns 46,786 shares of the industrial products company’s stock valued at $3,737,000 after purchasing an additional 6,755 shares in the last quarter. Finally, Notis McConarty Edward raised its stake in Xylem by 5.9% in the third quarter. Notis McConarty Edward now owns 17,945 shares of the industrial products company’s stock valued at $1,433,000 after purchasing an additional 1,000 shares in the last quarter. 84.63% of the stock is currently owned by hedge funds and other institutional investors.

Xylem Company Profile

Xylem Inc engages in the design, manufacture, and service of engineered solutions for the water and wastewater applications. It operates through three segments: Water Infrastructure, Applied Water, and Measurement and Control Solutions. The Water Infrastructure segment offers various products, including water and wastewater pumps, and controls and systems, as well as filtration, disinfection, and biological treatment equipment under the Flygt, Godwin, Wedeco, Sanitaire, and Leopold names for the transportation, treatment, and testing of water and wastewater applications.

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Analyst Recommendations for Xylem (NYSE:XYL)

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