Media stories about Xylem (NYSE:XYL) have been trending positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Xylem earned a news sentiment score of 0.26 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 45.0176271070275 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media headlines that may have effected Accern Sentiment’s rankings:
- Total Carbon Analyzer Market to Extent an Assessed Value of US$ 1586.8 Mn by 2024 (mynewsdesk.com)
- Zacks: Analysts Anticipate Xylem Inc. (XYL) Will Post Quarterly Sales of $1.17 Billion (americanbankingnews.com)
- Xylem Inc. (XYL) Earns Hold Rating from Canaccord Genuity (americanbankingnews.com)
- pH Sensor Market Market Progresses for Huge Profits During 2015-2021 (sbwire.com)
- Melius Research Initiates Coverage of Multi-Industry Sector (prnewswire.com)
Xylem (NYSE XYL) opened at 64.63 on Wednesday. The company has a market capitalization of $11.61 billion, a price-to-earnings ratio of 41.72 and a beta of 1.17. Xylem has a 1-year low of $45.60 and a 1-year high of $64.93. The firm has a 50 day moving average of $62.83 and a 200-day moving average of $56.12.
Xylem (NYSE:XYL) last released its earnings results on Tuesday, August 1st. The industrial products company reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.02. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.17 billion. Xylem had a net margin of 6.58% and a return on equity of 17.26%. The company’s revenue was up 24.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.48 EPS. On average, equities research analysts anticipate that Xylem will post $2.37 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Thursday, August 31st were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date was Tuesday, August 29th. Xylem’s dividend payout ratio is presently 46.45%.
XYL has been the subject of a number of research reports. BMO Capital Markets initiated coverage on shares of Xylem in a report on Wednesday, June 21st. They issued an “outperform” rating and a $60.00 price target for the company. Oppenheimer Holdings, Inc. set a $58.00 price objective on shares of Xylem and gave the company a “buy” rating in a research note on Tuesday, June 20th. BidaskClub raised shares of Xylem from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. Zacks Investment Research raised shares of Xylem from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a research note on Tuesday, July 4th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $52.00 price objective on shares of Xylem in a research note on Thursday, July 6th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $61.92.
In other news, insider Kenneth Napolitano sold 9,052 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $60.16, for a total value of $544,568.32. Following the sale, the insider now directly owns 35,303 shares of the company’s stock, valued at approximately $2,123,828.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.75% of the stock is owned by corporate insiders.
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.
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