Citigroup Raises Xylem (NYSE:XYL) Price Target to $95.00

Xylem (NYSE:XYLGet Rating) had its price target raised by Citigroup from $84.00 to $95.00 in a research report report published on Wednesday morning, Benzinga reports. Citigroup currently has a neutral rating on the industrial products company’s stock.

XYL has been the topic of several other research reports. The Goldman Sachs Group raised their price objective on shares of Xylem from $87.00 to $99.00 and gave the company a neutral rating in a research report on Wednesday. Credit Suisse Group raised shares of Xylem from an underperform rating to a neutral rating and raised their price objective for the company from $77.00 to $96.00 in a research report on Wednesday. Cowen raised shares of Xylem from a market perform rating to an outperform rating and set a $75.00 price objective on the stock in a research report on Wednesday, June 1st. Stifel Nicolaus raised shares of Xylem from a hold rating to a buy rating and raised their price objective for the company from $90.00 to $94.00 in a research report on Wednesday, July 20th. Finally, Mizuho raised their price objective on shares of Xylem from $80.00 to $88.00 and gave the company a neutral rating in a research report on Wednesday. Ten research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $102.30.

Xylem Stock Performance

XYL stock opened at $97.22 on Wednesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.21 and a current ratio of 1.63. The stock has a market cap of $17.51 billion, a P/E ratio of 41.91, a P/E/G ratio of 3.19 and a beta of 1.11. The firm has a 50 day simple moving average of $81.89 and a 200 day simple moving average of $86.08. Xylem has a 52 week low of $72.08 and a 52 week high of $138.78.

Xylem (NYSE:XYLGet Rating) last posted its quarterly earnings results on Tuesday, August 2nd. The industrial products company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.54 by $0.12. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Xylem had a net margin of 8.06% and a return on equity of 13.66%. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the company posted $0.66 earnings per share. Research analysts anticipate that Xylem will post 2.54 earnings per share for the current fiscal year.

Xylem Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 23rd. Investors of record on Thursday, May 26th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend was Wednesday, May 25th. Xylem’s dividend payout ratio (DPR) is currently 51.72%.

Insider Buying and Selling

In related news, SVP Hayati Yarkadas sold 2,082 shares of the business’s stock in a transaction on Tuesday, June 21st. The shares were sold at an average price of $74.18, for a total transaction of $154,442.76. Following the transaction, the senior vice president now owns 9,556 shares of the company’s stock, valued at $708,864.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP Hayati Yarkadas sold 2,082 shares of the business’s stock in a transaction on Tuesday, June 21st. The shares were sold at an average price of $74.18, for a total transaction of $154,442.76. Following the transaction, the senior vice president now owns 9,556 shares of the company’s stock, valued at $708,864.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeanne Beliveau-Dunn sold 600 shares of the business’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $96.65, for a total transaction of $57,990.00. Following the transaction, the director now directly owns 7,553 shares in the company, valued at approximately $729,997.45. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,655 shares of company stock valued at $691,104. 0.89% of the stock is owned by company insiders.

Institutional Investors Weigh In On Xylem

A number of institutional investors have recently bought and sold shares of XYL. First Trust Advisors LP boosted its stake in Xylem by 399.3% during the first quarter. First Trust Advisors LP now owns 2,951,349 shares of the industrial products company’s stock worth $251,632,000 after buying an additional 2,360,214 shares in the last quarter. Norges Bank acquired a new stake in Xylem during the fourth quarter worth $207,124,000. Vanguard Group Inc. boosted its stake in Xylem by 7.6% during the first quarter. Vanguard Group Inc. now owns 20,390,911 shares of the industrial products company’s stock worth $1,738,529,000 after buying an additional 1,435,798 shares in the last quarter. Invesco Ltd. boosted its stake in Xylem by 53.6% during the first quarter. Invesco Ltd. now owns 3,828,177 shares of the industrial products company’s stock worth $326,390,000 after buying an additional 1,335,241 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Xylem by 613.3% during the first quarter. Renaissance Technologies LLC now owns 1,183,400 shares of the industrial products company’s stock worth $100,897,000 after buying an additional 1,017,500 shares in the last quarter. Institutional investors and hedge funds own 83.83% of the company’s stock.

About Xylem

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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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