Gabelli Analysts Boost Earnings Estimates for Xylem Inc (XYL)

Xylem Inc (NYSE:XYL) – Stock analysts at Gabelli raised their FY2019 earnings per share (EPS) estimates for Xylem in a research note issued to investors on Wednesday, according to Zacks Investment Research. Gabelli analyst J. Garza now anticipates that the industrial products company will post earnings of $3.05 per share for the year, up from their prior estimate of $3.00. Gabelli currently has a “Hold” rating on the stock. Gabelli also issued estimates for Xylem’s FY2020 earnings at $3.45 EPS.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Thursday, February 2nd. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.01. Xylem had a return on equity of 16.64% and a net margin of 6.89%. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same period in the previous year, the firm posted $0.60 EPS. Xylem’s revenue was up 10.7% compared to the same quarter last year.

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Earnings History and Estimates for Xylem (NYSE:XYL)

XYL has been the topic of a number of other research reports. Boenning Scattergood upgraded shares of Xylem from a “neutral” rating to an “outperform” rating and set a $55.00 price target on the stock in a report on Friday, February 3rd. Cowen and Company lifted their price target on shares of Xylem from $56.00 to $60.00 and gave the company an “outperform” rating in a report on Friday, March 24th. Zacks Investment Research lowered shares of Xylem from a “hold” rating to a “sell” rating in a report on Thursday, January 12th. CIBC reiterated a “buy” rating and issued a $58.00 price target on shares of Xylem in a report on Thursday, April 6th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $57.00 price target on shares of Xylem in a report on Sunday, March 12th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $52.67.

Shares of Xylem (NYSE:XYL) traded up 0.86% on Friday, hitting $50.65. The stock had a trading volume of 1,500,467 shares. Xylem has a one year low of $40.95 and a one year high of $54.99. The stock has a market cap of $9.09 billion, a PE ratio of 34.93 and a beta of 1.21. The company’s 50 day moving average is $49.25 and its 200 day moving average is $49.75.

Several institutional investors have recently modified their holdings of the stock. Norges Bank acquired a new position in shares of Xylem during the fourth quarter worth approximately $192,855,000. Allianz Asset Management AG increased its position in shares of Xylem by 45.2% in the fourth quarter. Allianz Asset Management AG now owns 2,618,062 shares of the industrial products company’s stock worth $129,646,000 after buying an additional 814,684 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Xylem during the fourth quarter worth approximately $39,611,000. Ameriprise Financial Inc. increased its position in shares of Xylem by 39.3% in the third quarter. Ameriprise Financial Inc. now owns 2,771,725 shares of the industrial products company’s stock worth $145,374,000 after buying an additional 782,105 shares in the last quarter. Finally, RidgeWorth Capital Management LLC purchased a new stake in Xylem during the fourth quarter valued at about $37,965,000. 86.57% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Tomas Brannemo sold 819 shares of the firm’s stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $48.46, for a total value of $39,688.74. Following the transaction, the insider now owns 18,877 shares of the company’s stock, valued at approximately $914,779.42. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.77% 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.

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