Xylem Inc. (NYSE:XYL) shares gapped up before the market opened on Monday . The stock had previously closed at $50.76, but opened at $50.80. Xylem shares last traded at $51.02, with a volume of 787,712 shares changing hands.

A number of research analysts have recently weighed in on XYL shares. Wedbush raised their price objective on Xylem from $41.00 to $43.00 and gave the company a “neutral” rating in a research report on Wednesday, May 4th. Canaccord Genuity restated a “hold” rating and set a $42.00 price objective on shares of Xylem in a research report on Wednesday, May 4th. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of Xylem in a research report on Monday, May 16th. Royal Bank Of Canada upgraded Xylem from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $37.00 to $42.00 in a research report on Wednesday, June 1st. Finally, Zacks Investment Research lowered Xylem from a “buy” rating to a “hold” rating in a research report on Friday, July 15th. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Xylem presently has a consensus rating of “Hold” and an average target price of $44.23.

The company has a market capitalization of $9.15 billion and a PE ratio of 27.26. The firm’s 50 day moving average is $47.50 and its 200-day moving average is $42.87.

Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.01. The company had revenue of $932 million for the quarter, compared to analyst estimates of $927.69 million. During the same quarter last year, the company earned $0.43 EPS. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, analysts expect that Xylem Inc. will post $2.04 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 21st. Investors of record on Wednesday, August 31st will be paid a dividend of $0.1549 per share. The ex-dividend date is Monday, August 29th. This represents a $0.62 annualized dividend and a yield of 1.21%.

In related news, insider Tomas Brannemo sold 8,524 shares of the company’s stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $50.06, for a total transaction of $426,711.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Steven R. Loranger sold 50,000 shares of the company’s stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $44.67, for a total transaction of $2,233,500.00. Following the sale, the director now directly owns 12,588 shares of the company’s stock, valued at approximately $562,305.96. The disclosure for this sale can be found here.

A number of hedge funds have made changes to their positions in XYL. KBC Group NV boosted its stake in shares of Xylem by 27.0% in the fourth quarter. KBC Group NV now owns 185,037 shares of the company’s stock valued at $6,754,000 after buying an additional 39,313 shares in the last quarter. Morgan Stanley boosted its stake in shares of Xylem by 2.3% in the fourth quarter. Morgan Stanley now owns 340,028 shares of the company’s stock valued at $12,411,000 after buying an additional 7,676 shares in the last quarter. Finally, Utah Retirement Systems boosted its stake in shares of Xylem by 0.3% in the fourth quarter. Utah Retirement Systems now owns 32,465 shares of the company’s stock valued at $1,185,000 after buying an additional 100 shares in the last quarter.

Xylem Inc is engaged in the design, manufacturing, and application of engineered technologies for the water industry. The Company 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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