Xylem’s (XYL) Hold Rating Reiterated at Stifel Nicolaus

Xylem Inc. (NYSE:XYL)‘s stock had its “hold” rating restated by stock analysts at Stifel Nicolaus in a research report issued to clients and investors on Friday. They presently have a $63.00 target price on the industrial products company’s stock. Stifel Nicolaus’ price target would suggest a potential downside of 2.90% from the stock’s previous close.

A number of other equities analysts have also commented on XYL. BMO Capital Markets initiated coverage on Xylem in a research note on Wednesday, June 21st. They issued an “outperform” rating and a $60.00 price objective on the stock. Oppenheimer Holdings, Inc. set a $58.00 price objective on Xylem and gave the stock a “buy” rating in a research note on Tuesday, June 20th. BidaskClub raised Xylem from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. Zacks Investment Research raised 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, Canaccord Genuity reissued a “hold” rating and issued a $50.00 price objective on shares of Xylem in a research note on Friday, July 28th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $61.92.

Shares of Xylem (NYSE XYL) traded down 0.26% on Friday, hitting $64.71. The stock had a trading volume of 547,974 shares. The company has a market cap of $11.62 billion, a price-to-earnings ratio of 41.78 and a beta of 1.17. Xylem has a 52 week low of $45.60 and a 52 week high of $65.42. The firm has a 50 day moving average price of $63.22 and a 200-day moving average price of $56.35.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.17 billion. Xylem had a return on equity of 17.26% and a net margin of 6.58%. The business’s revenue was up 24.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.48 earnings per share. Analysts anticipate that Xylem will post $2.38 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Xylem’s (XYL) Hold Rating Reiterated at Stifel Nicolaus” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this news story on another website, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The legal version of this news story can be read at https://ledgergazette.com/2017/10/14/xylems-xyl-hold-rating-reiterated-at-stifel-nicolaus.html.

In related news, insider Kenneth Napolitano sold 9,052 shares of the company’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $60.16, for a total value of $544,568.32. Following the completion of the sale, the insider now owns 35,303 shares in the company, valued at $2,123,828.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.75% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Xylem by 2.4% in the second quarter. Vanguard Group Inc. now owns 17,697,791 shares of the industrial products company’s stock valued at $980,989,000 after purchasing an additional 409,920 shares during the last quarter. BlackRock Inc. increased its holdings in Xylem by 2,452.8% in the first quarter. BlackRock Inc. now owns 12,042,342 shares of the industrial products company’s stock valued at $604,765,000 after purchasing an additional 11,570,613 shares during the last quarter. State Street Corp increased its holdings in Xylem by 11.5% in the second quarter. State Street Corp now owns 8,360,506 shares of the industrial products company’s stock valued at $460,211,000 after purchasing an additional 861,484 shares during the last quarter. Pictet Asset Management Ltd. increased its holdings in Xylem by 7.9% in the second quarter. Pictet Asset Management Ltd. now owns 4,342,944 shares of the industrial products company’s stock valued at $226,441,000 after purchasing an additional 318,756 shares during the last quarter. Finally, FMR LLC increased its

A number of other equities analysts have also commented on XYL. BMO Capital Markets initiated coverage on Xylem in a research note on Wednesday, June 21st. They issued an “outperform” rating and a $60.00 price objective on the stock. Oppenheimer Holdings, Inc. set a $58.00 price objective on Xylem and gave the stock a “buy” rating in a research note on Tuesday, June 20th. BidaskClub raised Xylem from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. Zacks Investment Research raised 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, Canaccord Genuity reissued a “hold” rating and issued a $50.00 price objective on shares of Xylem in a research note on Friday, July 28th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $61.92.

Shares of Xylem (NYSE XYL) traded down 0.26% on Friday, hitting $64.71. The stock had a trading volume of 547,974 shares. The company has a market cap of $11.62 billion, a price-to-earnings ratio of 41.78 and a beta of 1.17. Xylem has a 52 week low of $45.60 and a 52 week high of $65.42. The firm has a 50 day moving average price of $63.22 and a 200-day moving average price of $56.35.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.17 billion. Xylem had a return on equity of 17.26% and a net margin of 6.58%. The business’s revenue was up 24.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.48 earnings per share. Analysts anticipate that Xylem will post $2.38 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Xylem’s (XYL) Hold Rating Reiterated at Stifel Nicolaus” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this news story on another website, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The legal version of this news story can be read at https://ledgergazette.com/2017/10/14/xylems-xyl-hold-rating-reiterated-at-stifel-nicolaus.html.

In related news, insider Kenneth Napolitano sold 9,052 shares of the company’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $60.16, for a total value of $544,568.32. Following the completion of the sale, the insider now owns 35,303 shares in the company, valued at $2,123,828.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.75% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Xylem by 2.4% in the second quarter. Vanguard Group Inc. now owns 17,697,791 shares of the industrial products company’s stock valued at $980,989,000 after purchasing an additional 409,920 shares during the last quarter. BlackRock Inc. increased its holdings in Xylem by 2,452.8% in the first quarter. BlackRock Inc. now owns 12,042,342 shares of the industrial products company’s stock valued at $604,765,000 after purchasing an additional 11,570,613 shares during the last quarter. State Street Corp increased its holdings in Xylem by 11.5% in the second quarter. State Street Corp now owns 8,360,506 shares of the industrial products company’s stock valued at $460,211,000 after purchasing an additional 861,484 shares during the last quarter. Pictet Asset Management Ltd. increased its holdings in Xylem by 7.9% in the second quarter. Pictet Asset Management Ltd. now owns 4,342,944 shares of the industrial products company’s stock valued at $226,441,000 after purchasing an additional 318,756 shares during the last quarter. Finally, FMR LLC increased its holdings in Xylem by 7.7% in the second quarter. FMR LLC now owns 3,239,067 shares of the industrial products company’s stock valued at $179,541,000 after purchasing an additional 232,139 shares during the last quarter. Institutional investors and hedge funds own 86.40% 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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