Xylem (NYSE:XYL) Sets New 1-Year High at $133.34

Xylem Inc. (NYSE:XYL - Get Free Report)'s stock price reached a new 52-week high on Monday . The company traded as high as $133.34 and last traded at $132.08, with a volume of 72946 shares. The stock had previously closed at $132.40.

Wall Street Analysts Forecast Growth

A number of research firms have commented on XYL. BNP Paribas initiated coverage on Xylem in a research note on Tuesday, March 12th. They set an "outperform" rating and a $150.00 price target on the stock. Oppenheimer boosted their price target on shares of Xylem from $133.00 to $142.00 and gave the stock an "outperform" rating in a research note on Thursday, April 18th. Royal Bank of Canada raised their price objective on shares of Xylem from $140.00 to $145.00 and gave the company an "outperform" rating in a research note on Wednesday, February 7th. Raymond James upgraded shares of Xylem from an "underperform" rating to a "market perform" rating in a report on Thursday, January 4th. Finally, Stifel Nicolaus increased their target price on shares of Xylem from $136.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, February 7th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $138.11.

Xylem Trading Up 0.2 %

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.30 and a current ratio of 1.76. The company's 50-day moving average price is $127.91 and its 200-day moving average price is $114.34. The firm has a market capitalization of $32.14 billion, a PE ratio of 48.75, a PEG ratio of 2.64 and a beta of 1.10.

Xylem (NYSE:XYL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.96 by $0.03. Xylem had a return on equity of 9.65% and a net margin of 8.27%. The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the previous year, the business earned $0.92 EPS. Xylem's revenue for the quarter was up 40.6% on a year-over-year basis. On average, sell-side analysts expect that Xylem Inc. will post 4.13 earnings per share for the current year.

Xylem Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 21st were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.09%. This is an increase from Xylem's previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Tuesday, February 20th. Xylem's dividend payout ratio (DPR) is 52.94%.

Insider Activity at Xylem

In other Xylem news, SVP Franz Cerwinka sold 2,408 shares of the business's stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $121.79, for a total value of $293,270.32. Following the completion of the sale, the senior vice president now owns 11,750 shares in the company, valued at $1,431,032.50. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Xylem news, SVP Franz Cerwinka sold 2,408 shares of the firm's stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $121.79, for a total transaction of $293,270.32. Following the transaction, the senior vice president now directly owns 11,750 shares of the company's stock, valued at approximately $1,431,032.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Geri-Michelle Mcshane sold 1,000 shares of the company's stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $122.89, for a total transaction of $122,890.00. Following the completion of the sale, the chief accounting officer now directly owns 2,935 shares of the company's stock, valued at $360,682.15. The disclosure for this sale can be found here. 0.27% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of XYL. Vanguard Group Inc. increased its stake in shares of Xylem by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 28,048,996 shares of the industrial products company's stock worth $3,207,683,000 after acquiring an additional 187,847 shares during the period. Morgan Stanley grew its holdings in Xylem by 11.5% during the third quarter. Morgan Stanley now owns 4,528,905 shares of the industrial products company's stock worth $412,267,000 after acquiring an additional 466,911 shares during the period. Invesco Ltd. raised its position in Xylem by 35.1% in the third quarter. Invesco Ltd. now owns 4,182,821 shares of the industrial products company's stock worth $380,762,000 after acquiring an additional 1,086,102 shares in the last quarter. Royal Bank of Canada lifted its holdings in Xylem by 10.6% in the third quarter. Royal Bank of Canada now owns 3,408,200 shares of the industrial products company's stock valued at $310,249,000 after acquiring an additional 327,383 shares during the period. Finally, Baillie Gifford & Co. boosted its position in shares of Xylem by 2.3% during the 4th quarter. Baillie Gifford & Co. now owns 3,066,639 shares of the industrial products company's stock worth $350,701,000 after purchasing an additional 69,619 shares in the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Xylem Company Profile

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.