Xylem (NYSE:XYL) Sets New 1-Year Low at $80.00

Shares of Xylem Inc. (NYSE:XYL – Get Rating) hit a new 52-week low during trading on Thursday . The stock traded as low as $80.00 and last traded at $82.79, with a volume of 1020996 shares. The stock had previously closed at $80.89.

Several equities analysts have recently commented on XYL shares. Mizuho decreased their price objective on shares of Xylem from $115.00 to $85.00 in a report on Friday, May 6th. Stifel Nicolaus reduced their target price on shares of Xylem from $100.00 to $90.00 and set a “hold” rating on the stock in a report on Monday, April 18th. Raymond James upgraded shares of Xylem from an “underperform” rating to a “market perform” rating in a report on Tuesday, April 5th. Morgan Stanley reduced their target price on shares of Xylem from $120.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, April 18th. Finally, Credit Suisse Group reduced their target price on shares of Xylem from $111.00 to $98.00 and set an “underperform” rating on the stock in a report on Friday, February 4th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $111.90.

The stock’s 50-day simple moving average is $85.33 and its 200 day simple moving average is $103.50. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.77 and a current ratio of 1.62. The company has a market capitalization of $14.91 billion, a PE ratio of 35.69, a P/E/G ratio of 2.78 and a beta of 1.08.

Xylem (NYSE:XYL – Get Rating) last posted its earnings results on Wednesday, May 4th. The industrial products company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.06. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.24 billion. Xylem had a net margin of 8.10% and a return on equity of 13.80%. The company’s revenue was up 1.3% on a year-over-year basis. During the same period last year, the firm posted $0.56 EPS. On average, analysts expect that Xylem Inc. will post 2.54 earnings per share for the current year.

In related news, SVP Colin R. Sabol sold 4,233 shares of the stock in a transaction on Monday, April 18th. The shares were sold at an average price of $83.05, for a total value of $351,550.65. Following the transaction, the senior vice president now directly owns 27,373 shares of the company’s stock, valued at approximately $2,273,327.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.89% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Exencial Wealth Advisors LLC grew its position in Xylem by 2.7% during the 1st quarter. Exencial Wealth Advisors LLC now owns 61,555 shares of the industrial products company’s stock worth $5,248,000 after purchasing an additional 1,606 shares during the last quarter. BlackRock Inc. grew its position in Xylem by 4.0% during the 1st quarter. BlackRock Inc. now owns 18,774,974 shares of the industrial products company’s stock worth $1,600,756,000 after purchasing an additional 722,396 shares during the last quarter. Quent Capital LLC grew its position in Xylem by 209.5% during the 1st quarter. Quent Capital LLC now owns 622 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 421 shares during the last quarter. Freestone Capital Holdings LLC lifted its stake in shares of Xylem by 7.8% in the 1st quarter. Freestone Capital Holdings LLC now owns 7,574 shares of the industrial products company’s stock worth $646,000 after acquiring an additional 550 shares during the period. Finally, Rhumbline Advisers lifted its stake in shares of Xylem by 2.4% in the 1st quarter. Rhumbline Advisers now owns 305,471 shares of the industrial products company’s stock worth $26,044,000 after acquiring an additional 7,094 shares during the period. 83.83% of the stock is currently owned by institutional investors.

About Xylem (NYSE:XYL)

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions.

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