Xylem (NYSE:XYL) Hits New 52-Week High at $133.34

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on XYL shares. Royal Bank of Canada upped their target price on shares of Xylem from $140.00 to $145.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. BNP Paribas initiated coverage on shares of Xylem in a research note on Tuesday, March 12th. They set an “outperform” rating and a $150.00 price target on the stock. Oppenheimer lifted their price target on shares of Xylem from $133.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th. Raymond James raised shares of Xylem from an “underperform” rating to a “market perform” rating in a report on Thursday, January 4th. Finally, Robert W. Baird upped their price objective on shares of Xylem from $141.00 to $148.00 and gave the stock an “outperform” rating in a report on Thursday, March 21st. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Xylem currently has a consensus rating of “Moderate Buy” and a consensus target price of $138.11.

Xylem Price Performance

The business’s 50 day moving average is $127.73 and its 200-day moving average is $114.05. The firm has a market capitalization of $32.06 billion, a P/E ratio of 48.68, a PEG ratio of 2.64 and a beta of 1.10. The company has a quick ratio of 1.30, a current ratio of 1.76 and a debt-to-equity ratio of 0.22.

Xylem (NYSE:XYL) last released its earnings results on Tuesday, February 6th. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.03. Xylem had a net margin of 8.27% and a return on equity of 9.65%. The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same quarter in the previous year, the business earned $0.92 earnings per share. Xylem’s revenue for the quarter was up 40.6% on a year-over-year basis. As a group, sell-side analysts predict that Xylem Inc. will post 4.13 EPS for the current fiscal year.

Xylem Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 21st were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a 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 is presently 52.94%.

Insider Activity

In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $122.89, for a total value of $122,890.00. Following the sale, the chief accounting officer now directly owns 2,935 shares in the company, valued at approximately $360,682.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $122.89, for a total transaction of $122,890.00. Following the transaction, the chief accounting officer now 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 SEC, which is available through the SEC website. Also, SVP Franz Cerwinka sold 2,408 shares of the firm’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 directly owns 11,750 shares in the company, valued at approximately $1,431,032.50. The disclosure for this sale can be found here. Insiders own 0.27% of the company’s stock.

Institutional Trading of Xylem

A number of large investors have recently made changes to their positions in the stock. Sycomore Asset Management lifted its holdings in shares of Xylem by 15.9% in the first quarter. Sycomore Asset Management now owns 22,644 shares of the industrial products company’s stock worth $2,878,000 after buying an additional 3,100 shares in the last quarter. Highview Capital Management LLC DE bought a new position in shares of Xylem in the first quarter worth about $1,428,000. YHB Investment Advisors Inc. bought a new position in shares of Xylem in the first quarter worth about $75,000. Clear Creek Financial Management LLC bought a new position in Xylem during the 1st quarter worth about $276,000. Finally, Mesirow Financial Investment Management Inc. bought a new position in Xylem during the 1st quarter worth about $2,104,000. 87.96% of the stock is currently owned by institutional investors.

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.