Xylem (NYSE:XYL) Sets New 1-Year High on Analyst Upgrade

Xylem Inc. (NYSE:XYL - Get Free Report)'s stock price reached a new 52-week high on Monday after Royal Bank of Canada raised their price target on the stock from $157.00 to $162.00. Royal Bank of Canada currently has an outperform rating on the stock. Xylem traded as high as $138.68 and last traded at $138.41, with a volume of 421892 shares trading hands. The stock had previously closed at $137.21.

A number of other analysts have also commented on XYL. Oppenheimer lifted their price target on shares of Xylem from $142.00 to $147.00 and gave the stock an "outperform" rating in a research note on Friday. Raymond James upgraded shares of Xylem from an "underperform" rating to a "market perform" rating in a research note on Thursday, January 4th. Mizuho lifted their price target on shares of Xylem from $110.00 to $135.00 and gave the stock a "neutral" rating in a research note on Friday. Citigroup lifted their price target on shares of Xylem from $126.00 to $139.00 and gave the stock a "neutral" rating in a research note on Monday, April 8th. Finally, Stifel Nicolaus lifted their price target on shares of Xylem from $136.00 to $150.00 and gave the stock a "buy" rating in a research note on Wednesday, February 7th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Xylem presently has a consensus rating of "Moderate Buy" and a consensus price target of $140.70.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Bruce G. Allen Investments LLC purchased a new stake in Xylem during the fourth quarter valued at $27,000. FinTrust Capital Advisors LLC raised its position in Xylem by 170.9% during the first quarter. FinTrust Capital Advisors LLC now owns 317 shares of the industrial products company's stock valued at $41,000 after purchasing an additional 200 shares during the period. Hazlett Burt & Watson Inc. lifted its position in Xylem by 184.9% in the first quarter. Hazlett Burt & Watson Inc. now owns 339 shares of the industrial products company's stock worth $43,000 after buying an additional 220 shares during the last quarter. NBC Securities Inc. purchased a new position in shares of Xylem during the third quarter valued at approximately $38,000. Finally, Spire Wealth Management grew its stake in shares of Xylem by 370.9% during the fourth quarter. Spire Wealth Management now owns 485 shares of the industrial products company's stock valued at $54,000 after buying an additional 382 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors.

Xylem Price Performance

The stock has a 50 day moving average of $128.64 and a 200-day moving average of $115.54. The stock has a market capitalization of $33.75 billion, a P/E ratio of 48.83, a price-to-earnings-growth ratio of 2.67 and a beta of 1.08. The company has a current ratio of 1.67, a quick ratio of 1.22 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.90 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.06. Xylem had a net margin of 8.34% and a return on equity of 8.95%. The firm had revenue of $2.03 billion for the quarter, compared to analysts' expectations of $2 billion. During the same period in the prior year, the business posted $0.72 earnings per share. The business's revenue for the quarter was up 40.4% on a year-over-year basis. On average, equities research analysts anticipate that Xylem Inc. will post 4.24 earnings per share for the current fiscal year.

Xylem Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 21st were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.03%. This is a positive change from Xylem's previous quarterly dividend of $0.33. The ex-dividend date was Tuesday, February 20th. Xylem's dividend payout ratio is presently 51.25%.

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.