Shares of Xylem Inc. (NYSE:XYL) have been given a consensus recommendation of “Buy” by the fifteen research firms that are currently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $60.30.

Several analysts recently issued reports on XYL shares. BMO Capital Markets boosted their price objective on shares of Xylem from $60.00 to $65.00 and gave the company an “outperform” rating in a report on Wednesday, August 2nd. Cowen and Company restated a “buy” rating and issued a $70.00 price objective on shares of Xylem in a report on Thursday. Canaccord Genuity restated a “hold” rating and issued a $50.00 price objective on shares of Xylem in a report on Friday, July 28th. Royal Bank Of Canada boosted their price objective on shares of Xylem from $58.00 to $64.00 and gave the company an “outperform” rating in a report on Wednesday, August 2nd. Finally, Stifel Nicolaus restated a “hold” rating and issued a $60.00 price objective on shares of Xylem in a report on Friday, July 14th.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.02. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.17 billion. Xylem had a net margin of 6.58% and a return on equity of 17.26%. Xylem’s revenue was up 24.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.48 EPS.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 20th. Shareholders of record on Thursday, August 31st were paid a dividend of $0.18 per share. The ex-dividend date was Tuesday, August 29th. This represents a $0.72 dividend on an annualized basis and a yield of 1.11%. Xylem’s dividend payout ratio (DPR) is presently 46.45%.

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In other Xylem news, insider Kenneth Napolitano sold 9,052 shares of the business’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $60.16, for a total transaction of $544,568.32. Following the sale, the insider now directly owns 35,303 shares in the company, valued at $2,123,828.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven R. Loranger sold 66,132 shares of the business’s stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $55.01, for a total transaction of $3,637,921.32. Following the sale, the director now owns 65,030 shares in the company, valued at $3,577,300.30. The disclosure for this sale can be found here. 0.75% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the business. Strs Ohio grew its position in shares of Xylem by 4.4% during the first quarter. Strs Ohio now owns 19,817 shares of the industrial products company’s stock worth $995,000 after buying an additional 836 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Xylem by 5.5% during the first quarter. Bank of New York Mellon Corp now owns 1,674,381 shares of the industrial products company’s stock worth $84,089,000 after buying an additional 87,066 shares in the last quarter. Suntrust Banks Inc. acquired a new position in shares of Xylem during the first quarter worth about $813,000. World Asset Management Inc grew its position in shares of Xylem by 14.9% during the first quarter. World Asset Management Inc now owns 19,222 shares of the industrial products company’s stock worth $965,000 after buying an additional 2,489 shares in the last quarter. Finally, UBS Asset Management Americas Inc. grew its position in shares of Xylem by 9.4% during the first quarter. UBS Asset Management Americas Inc. now owns 474,541 shares of the industrial products company’s stock worth $23,831,000 after buying an additional 40,904 shares in the last quarter. Institutional investors own 86.43% of the company’s stock.

About Xylem

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.

Analyst Recommendations for Xylem (NYSE:XYL)

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