Xylem (NYSE:XYL) Reaches New 12-Month High Following Strong Earnings

Key Points

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Xylem Inc. (NYSE:XYL - Get Free Report)'s stock price reached a new 52-week high on Thursday after the company announced better than expected quarterly earnings. The stock traded as high as $144.83 and last traded at $141.08, with a volume of 729008 shares. The stock had previously closed at $130.60.

The industrial products company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.12. Xylem had a net margin of 10.54% and a return on equity of 10.12%. The company's revenue was up 6.1% compared to the same quarter last year. During the same period last year, the business posted $1.09 EPS.

Xylem Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, May 29th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend was Thursday, May 29th. Xylem's payout ratio is 43.01%.

Wall Street Analysts Forecast Growth

XYL has been the subject of a number of analyst reports. Raymond James Financial upgraded shares of Xylem to a "hold" rating in a research report on Thursday, May 15th. JPMorgan Chase & Co. started coverage on Xylem in a report on Friday, May 30th. They issued an "overweight" rating and a $148.00 target price on the stock. Robert W. Baird lowered their price target on Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Stifel Nicolaus raised their price objective on Xylem from $141.00 to $162.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Finally, Royal Bank Of Canada boosted their target price on Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $149.29.

Hedge Funds Weigh In On Xylem

Several institutional investors and hedge funds have recently bought and sold shares of XYL. Dynamic Advisor Solutions LLC bought a new stake in shares of Xylem in the 1st quarter worth approximately $694,000. Farther Finance Advisors LLC lifted its position in shares of Xylem by 30.4% in the 1st quarter. Farther Finance Advisors LLC now owns 1,797 shares of the industrial products company's stock worth $215,000 after purchasing an additional 419 shares during the period. NBC Securities Inc. bought a new stake in shares of Xylem during the 1st quarter valued at about $72,000. Cambridge Investment Research Advisors Inc. increased its position in shares of Xylem by 19.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 27,215 shares of the industrial products company's stock valued at $3,251,000 after buying an additional 4,429 shares during the period. Finally, GAMMA Investing LLC grew its position in Xylem by 29.1% during the 1st quarter. GAMMA Investing LLC now owns 4,241 shares of the industrial products company's stock valued at $507,000 after purchasing an additional 956 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors.

Xylem Stock Performance

The company has a current ratio of 1.89, a quick ratio of 1.41 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $34.43 billion, a P/E ratio of 38.00, a price-to-earnings-growth ratio of 2.40 and a beta of 1.12. The business's 50 day simple moving average is $128.69 and its two-hundred day simple moving average is $123.90.

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.

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