The price of Xylem Inc. (NYSE:XYL) shares last traded on Wall Street rose 0.13% to $112.08.
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 $111.93, this indicates a potential upside of 8.1 percent. XYL stock price is now 2.43% away from the 50-day moving average and 5.42% away from the 200-day moving average. The market capitalization of the company currently stands at $26.90B.
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 $32.23 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 $32.23 million. Insiders disposed of 258,176 shares of company stock worth roughly $28.94 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 PENTWATER CAPITAL MANAGEMENT LP during the first quarter worth $199,054,000. MAGNETAR FINANCIAL LLC invested $94,143,000 in shares of XYL during the first quarter. In the first quarter, LOS ANGELES CAPITAL MANAGEMENT LLC acquired a new stake in Xylem Inc. valued at approximately $47,073,000. HOLOCENE ADVISORS, LP acquired a new stake in XYL for approximately $45,378,000. PICTON MAHONEY ASSET MANAGEMENT purchased a new stake in XYL valued at around $40,349,000 in the second quarter.
A candlestick chart of Xylem Inc. (NYSE: XYL) showed a price of $115.00 on Wednesday morning. During the past 12 months, Xylem Inc. has had a low of $84.15 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 $27.91B, which is based on a 54.57 price-to-earnings ratio, a 2.91 price-to-earnings-growth ratio, and a beta of 1.08. The fifty day moving average price for XYL is $109.57 and a two-hundred day moving average price translates $106.44 for the stock.
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 $1.65B 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 1.18% 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%.
