Xylem (XYL) Given Buy Rating at Royal Bank of Canada

Royal Bank of Canada reaffirmed their buy rating on shares of Xylem (NYSE:XYL) in a research report sent to investors on Wednesday morning. Royal Bank of Canada currently has a $77.00 target price on the industrial products company’s stock.

XYL has been the topic of a number of other research reports. Vertical Research lowered Xylem from a hold rating to a sell rating in a research report on Monday, October 8th. Berenberg Bank assumed coverage on Xylem in a research report on Wednesday, October 3rd. They set a sell rating and a $65.00 price target on the stock. Raymond James assumed coverage on Xylem in a research report on Wednesday, September 5th. They set an outperform rating and a $90.00 price target on the stock. Cowen reaffirmed a buy rating and set a $85.00 price target on shares of Xylem in a research report on Friday, October 12th. Finally, Zacks Investment Research lowered Xylem from a buy rating to a hold rating in a research report on Saturday, October 13th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $79.57.

XYL traded up $2.68 during midday trading on Wednesday, reaching $68.26. 598,084 shares of the company were exchanged, compared to its average volume of 1,290,342. The company has a current ratio of 1.49, a quick ratio of 1.02 and a debt-to-equity ratio of 0.83. Xylem has a one year low of $63.71 and a one year high of $82.44. The stock has a market cap of $11.70 billion, a P/E ratio of 28.44, a price-to-earnings-growth ratio of 1.25 and a beta of 1.22.

Xylem (NYSE:XYL) last issued its earnings results on Tuesday, October 30th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.77. Xylem had a return on equity of 19.54% and a net margin of 7.75%. The firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter last year, the business earned $0.65 earnings per share. The company’s revenue was up 7.7% compared to the same quarter last year. As a group, equities analysts forecast that Xylem will post 2.88 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Thursday, November 1st will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Wednesday, October 31st. Xylem’s dividend payout ratio is presently 35.00%.

In related news, Director Curtis J. Crawford sold 7,500 shares of Xylem stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $76.26, for a total value of $571,950.00. Following the sale, the director now owns 40,421 shares of the company’s stock, valued at approximately $3,082,505.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Paul A. Stellato sold 1,500 shares of Xylem stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $82.00, for a total value of $123,000.00. Following the completion of the sale, the insider now directly owns 12,796 shares in the company, valued at approximately $1,049,272. The disclosure for this sale can be found here. In the last three months, insiders sold 49,284 shares of company stock worth $3,839,982. 0.81% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the stock. Flagship Harbor Advisors LLC acquired a new stake in Xylem in the 2nd quarter valued at approximately $106,000. Smithfield Trust Co. raised its position in Xylem by 1,690.0% in the 2nd quarter. Smithfield Trust Co. now owns 1,611 shares of the industrial products company’s stock valued at $108,000 after buying an additional 1,521 shares during the last quarter. Fort L.P. acquired a new stake in Xylem in the 2nd quarter valued at approximately $118,000. Stelac Advisory Services LLC acquired a new stake in Xylem in the 2nd quarter valued at approximately $125,000. Finally, Piedmont Investment Advisors LLC acquired a new stake in Xylem in the 2nd quarter valued at approximately $139,000. 84.53% of the stock is currently owned by institutional investors and hedge funds.

About Xylem

Xylem Inc engages in the design, manufacture, and service of engineered solutions for the water and wastewater applications. It operates through three segments: Water Infrastructure, Applied Water, and Measurement and Control Solutions. The Water Infrastructure segment offers various products, including water and wastewater pumps, and controls and systems, as well as filtration, disinfection, and biological treatment equipment under the Flygt, Godwin, Wedeco, Sanitaire, and Leopold names for the transportation, treatment, and testing of water and wastewater applications.

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Analyst Recommendations for Xylem (NYSE:XYL)

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