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.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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%.
