Xylem (NYSE:XYL)‘s stock had its “buy” rating reiterated by equities researchers at BMO Capital Markets in a note issued to investors on Friday. They currently have a $83.00 target price on the industrial products company’s stock. BMO Capital Markets’ price target points to a potential upside of 13.33% from the company’s previous close.

Several other equities analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Xylem from a “buy” rating to a “hold” rating in a report on Monday. Royal Bank of Canada reissued a “buy” rating and set a $80.00 price target on shares of Xylem in a report on Thursday, January 4th. Boenning Scattergood reissued a “buy” rating on shares of Xylem in a report on Friday, December 15th. Canaccord Genuity reissued a “hold” rating and set a $65.00 price target on shares of Xylem in a report on Monday, December 11th. Finally, Seaport Global Securities reissued a “buy” rating on shares of Xylem in a report on Wednesday, November 1st. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Xylem has a consensus rating of “Buy” and an average price target of $67.25.

Xylem (NYSE:XYL) opened at $73.24 on Friday. Xylem has a 1-year low of $46.67 and a 1-year high of $75.16. The stock has a market cap of $13,033.57, a price-to-earnings ratio of 42.58, a PEG ratio of 1.72 and a beta of 1.18. The company has a current ratio of 1.76, a quick ratio of 1.26 and a debt-to-equity ratio of 0.88.

Xylem (NYSE:XYL) last announced its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.01. Xylem had a net margin of 6.85% and a return on equity of 17.74%. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the previous year, the company posted $0.54 earnings per share. The company’s revenue for the quarter was up 33.2% compared to the same quarter last year. sell-side analysts expect that Xylem will post 2.39 EPS for the current year.

In related news, Director Steven R. Loranger sold 37,700 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $66.25, for a total value of $2,497,625.00. Following the completion of the sale, the director now owns 58,831 shares of the company’s stock, valued at $3,897,553.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven R. Loranger sold 47,712 shares of the company’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $68.10, for a total transaction of $3,249,187.20. Following the completion of the sale, the director now directly owns 68,843 shares of the company’s stock, valued at approximately $4,688,208.30. The disclosure for this sale can be found here. Insiders sold 150,777 shares of company stock valued at $10,097,757 in the last ninety days. Corporate insiders own 0.75% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Chevy Chase Trust Holdings Inc. lifted its holdings in Xylem by 0.9% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 197,184 shares of the industrial products company’s stock worth $12,349,000 after purchasing an additional 1,670 shares during the period. Clinton Group Inc. acquired a new stake in Xylem in the second quarter worth about $3,292,000. Highbridge Capital Management LLC acquired a new stake in Xylem in the third quarter worth about $254,000. Patten Group Inc. lifted its holdings in Xylem by 295.6% in the third quarter. Patten Group Inc. now owns 127,490 shares of the industrial products company’s stock worth $2,009,000 after purchasing an additional 95,259 shares during the period. Finally, PointState Capital LP acquired a new stake in Xylem in the second quarter worth about $34,128,000. 85.16% of the stock is owned by institutional investors and hedge funds.

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Xylem Company Profile

Xylem Inc is a water technology company. The Company designs, manufactures and services engineered solutions across a range of critical applications. It is an equipment and service provider for water and wastewater applications with a portfolio of products and services addressing the cycle of water, from collection, distribution and use to the return of water to the environment.

Analyst Recommendations for Xylem (NYSE:XYL)

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