Q3 2024 EPS Estimates for Xylem Inc. Boosted by Seaport Res Ptn (NYSE:XYL)

Xylem Inc. (NYSE:XYL - Free Report) - Seaport Res Ptn boosted their Q3 2024 earnings per share estimates for Xylem in a report released on Tuesday, May 7th. Seaport Res Ptn analyst S. Graham now forecasts that the industrial products company will post earnings per share of $1.12 for the quarter, up from their previous estimate of $1.10. The consensus estimate for Xylem's current full-year earnings is $4.24 per share. Seaport Res Ptn also issued estimates for Xylem's FY2024 earnings at $4.24 EPS, Q1 2025 earnings at $0.98 EPS and FY2025 earnings at $4.61 EPS.

Several other research analysts have also weighed in on XYL. Oppenheimer lifted their price objective on Xylem from $142.00 to $147.00 and gave the stock an "outperform" rating in a research report on Friday, May 3rd. BNP Paribas initiated coverage on Xylem in a research note on Tuesday, March 12th. They issued an "outperform" rating and a $150.00 price target on the stock. Citigroup raised their price objective on shares of Xylem from $126.00 to $139.00 and gave the stock a "neutral" rating in a research report on Monday, April 8th. Mizuho boosted their target price on shares of Xylem from $110.00 to $135.00 and gave the company a "neutral" rating in a research report on Friday, May 3rd. Finally, Stifel Nicolaus raised their price target on shares of Xylem from $136.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, February 7th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $140.70.

Xylem Trading Up 0.8 %

Shares of XYL traded up $1.17 during trading hours on Wednesday, hitting $141.20. 891,570 shares of the stock were exchanged, compared to its average volume of 1,182,769. The firm has a market capitalization of $34.23 billion, a P/E ratio of 50.25, a price-to-earnings-growth ratio of 2.59 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.67 and a quick ratio of 1.22. Xylem has a fifty-two week low of $87.59 and a fifty-two week high of $141.30. The business has a 50-day moving average of $129.20 and a 200-day moving average of $116.21.

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

Insider Buying and Selling

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

Institutional Investors Weigh In On Xylem

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC boosted its holdings in shares of Xylem by 0.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 69,566 shares of the industrial products company's stock worth $6,333,000 after buying an additional 645 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of Xylem by 3.1% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 18,603 shares of the industrial products company's stock valued at $1,693,000 after acquiring an additional 553 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of Xylem by 21.2% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 23,782 shares of the industrial products company's stock worth $2,165,000 after purchasing an additional 4,157 shares during the last quarter. Mackenzie Financial Corp raised its holdings in shares of Xylem by 14.6% in the 3rd quarter. Mackenzie Financial Corp now owns 48,640 shares of the industrial products company's stock worth $4,384,000 after purchasing an additional 6,208 shares during the period. Finally, Strs Ohio grew its holdings in Xylem by 21.4% during the third quarter. Strs Ohio now owns 15,670 shares of the industrial products company's stock valued at $1,426,000 after purchasing an additional 2,760 shares during the period. Hedge funds and other institutional investors own 87.96% of the company's stock.

About Xylem

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.