Xylem (NYSE:XYL) Sets New 1-Year High at $130.86

Shares of Xylem Inc. (NYSE:XYL) reached a new 52-week high on Tuesday . The stock traded as high as $130.86 and last traded at $130.40, with a volume of 236459 shares traded. The stock had previously closed at $128.98.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on XYL shares. Citigroup boosted their target price on Xylem from $126.00 to $139.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Royal Bank of Canada boosted their price objective on Xylem from $140.00 to $145.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Stifel Nicolaus boosted their price objective on Xylem from $136.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Oppenheimer boosted their price objective on Xylem from $133.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. Finally, BNP Paribas began coverage on Xylem in a research note on Tuesday, March 12th. They issued an “outperform” rating and a $150.00 price objective for the company. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Xylem has an average rating of “Moderate Buy” and a consensus price target of $138.11.

Xylem Price Performance

The company has a 50 day moving average price of $127.30 and a 200 day moving average price of $113.22. The firm has a market cap of $31.67 billion, a PE ratio of 48.04, a PEG ratio of 2.60 and a beta of 1.10. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.76 and a quick ratio of 1.30.

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

Xylem Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 21st were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend was Tuesday, February 20th. This is a positive change from Xylem’s previous quarterly dividend of $0.33. Xylem’s dividend payout ratio is currently 52.94%.

Insider Buying and Selling

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

Institutional Trading of Xylem

Large investors have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Xylem by 114.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 38,713 shares of the industrial products company’s stock valued at $5,003,000 after acquiring an additional 20,663 shares during the last quarter. Leavell Investment Management Inc. purchased a new position in Xylem during the first quarter worth about $215,000. V Square Quantitative Management LLC lifted its position in Xylem by 19.3% during the first quarter. V Square Quantitative Management LLC now owns 6,004 shares of the industrial products company’s stock worth $776,000 after buying an additional 973 shares during the period. Berkshire Bank lifted its position in Xylem by 19.8% during the first quarter. Berkshire Bank now owns 4,658 shares of the industrial products company’s stock worth $602,000 after buying an additional 769 shares during the period. Finally, Simplicity Wealth LLC purchased a new position in shares of Xylem in the 1st quarter worth about $522,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Company Profile

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.