The price of Xylem Inc. (NYSE:XYL) shares last traded on Wall Street fell -0.78% to $110.75.
Based on available information, 17 analysts follow Xylem Inc. (NYSE:XYL). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $135.00 and a low of $86.00, we find $121.00. Given the previous closing price of $111.62, this indicates a potential upside of 8.4 percent. XYL stock price is now 3.04% away from the 50-day moving average and 5.75% away from the 200-day moving average. The market capitalization of the company currently stands at $26.51B.
Among analysts, 8 rate the stock a hold while 5 rate it a buy. Brokers who have rated the stock have averaged $119.91 as their price target over the next twelve months.
With the price target of $121, Deutsche Bank recently initiated with Hold rating for Xylem Inc. (NYSE: XYL).
In other news, Decker Patrick, President & CEO sold 99,649 shares of the company’s stock on Jul 03. The stock was sold for $11,122,887 at an average price of $111.62. Upon completion of the transaction, the President & CEO now directly owns 287,564 shares in the company, valued at $31.85 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 13, President & CEO Decker Patrick sold 56,298 shares of the business’s stock. A total of $5,527,837 was realized by selling the stock at an average price of $98.19. This leaves the insider owning 287,564 shares of the company worth $31.85 million. Insiders disposed of 157,159 shares of company stock worth roughly $17.41 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in XYL stock. A new stake in Xylem Inc. shares was purchased by OFI INVEST ASSET MANAGEMENT during the first quarter worth $235,215,000. PENTWATER CAPITAL MANAGEMENT LP invested $196,692,000 in shares of XYL during the first quarter. In the first quarter, MAGNETAR FINANCIAL LLC acquired a new stake in Xylem Inc. valued at approximately $93,026,000. LOS ANGELES CAPITAL MANAGEMENT LLC acquired a new stake in XYL for approximately $46,514,000. HOLOCENE ADVISORS, LP purchased a new stake in XYL valued at around $44,839,000 in the second quarter. In total, there are 1,219 active investors with 91.70% ownership of the company’s stock.
A candlestick chart of Xylem Inc. (NYSE: XYL) showed a price of $111.43 on Thursday morning. During the past 12 months, Xylem Inc. has had a low of $73.80 and a high of $118.58. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.00, and a quick ratio of 1.40. According to the stock market information, the enterprise value for the company is $27.62B, which is based on a 53.92 price-to-earnings ratio, a 2.87 price-to-earnings-growth ratio, and a beta of 1.08. The fifty day moving average price for XYL is $107.61 and a two-hundred day moving average price translates $104.83 for the stock.
The latest earnings results from Xylem Inc. (NYSE: XYL) was released for Mar, 2023. According to the Specialty Industrial Machinery Company, earnings per share came in at $0.72, beating analysts’ expectations of $0.62 by 0.1. This compares to $0.45 EPS in the same period last year. The net profit margin was 6.50% and return on equity was 11.00% for XYL. The company reported revenue of $1.45 billion for the quarter, compared to $1.27 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.84 percent. For the current quarter, analysts expect XYL to generate $1.64B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/28/2023. Investors who held shares on 05/30/2023 were paid a $0.33 dividend. On an annualized basis, this represents a $1.32 dividend and a 1.19% percent yield. There was an ex-dividend date of 05/26/2023 for this dividend. In terms of dividend payout ratio, XYL is presently at 59.60%.
Xylem Inc.(XYL) Company Profile
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. The Water Infrastructure segment offers various 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 Flygt, Godwin, Sanitaire, Leopold, Wedeco, and Xylem Vue brand names for the transportation and treatment of water. The Applied Water segment provides pumps, valves, heat exchangers, controls, and dispensing equipment systems under the Goulds Water Technology, Bell & Gossett, A-C Fire Pump, Standard Xchange, Lowara, Jabsco, Xylem Vue, and Flojet brand names for residential and commercial building services, and industrial water applications. The Measurement & Control Solutions segment offers smart meters, networked communication devices, data analytics, test equipment, controls, sensor devices, software and managed services, and critical infrastructure services; and software and services, including cloud-based analytics, remote monitoring and data management, leak detection, condition assessment, asset management, and pressure monitoring solutions, as well as testing equipment. This segment sells its products under the Pure Technologies, Sensus, Smith Blair, WTW, Xylem Vue, and YSI brand names. The company markets and sells its products through a network of direct sales force, resellers, distributors, and value-added solution providers. Xylem Inc. was formerly known as ITT WCO, Inc. and changed its name to Xylem Inc. in May 2011. Xylem Inc. was incorporated in 2011 and is headquartered in Washington, District of Columbia.
