A number of other equities research analysts also recently commented on XYL. Cowen increased their price objective on shares of Xylem from $105.00 to $115.00 in a research report on Wednesday, November 2nd. Credit Suisse Group upped their target price on shares of Xylem from $93.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, November 2nd. Cowen upped their target price on shares of Xylem from $105.00 to $115.00 in a report on Wednesday, November 2nd. TheStreet cut shares of Xylem from a “b-” rating to a “c” rating in a report on Tuesday, November 1st. Finally, The Goldman Sachs Group upped their target price on shares of Xylem from $85.00 to $95.00 and gave the company a “neutral” rating in a report on Thursday, November 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $114.50.
Xylem Stock Up 2.1 %
Shares of NYSE:XYL traded up $2.15 during trading hours on Tuesday, reaching $103.57. The stock had a trading volume of 4,786,547 shares, compared to its average volume of 1,868,821. Xylem has a 1 year low of $72.08 and a 1 year high of $118.58. The firm’s 50 day moving average is $111.44 and its 200-day moving average is $100.23. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.22 and a current ratio of 1.65. The stock has a market capitalization of $18.67 billion, a price-to-earnings ratio of 58.85, a P/E/G ratio of 2.88 and a beta of 1.09.
Insider Buying and Selling
In related news, SVP Matthew Francis Pine sold 11,870 shares of the stock in a transaction on Friday, November 4th. The shares were sold at an average price of $107.12, for a total transaction of $1,271,514.40. Following the completion of the sale, the senior vice president now owns 22,819 shares in the company, valued at approximately $2,444,371.28. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.89% of the stock is owned by company insiders.
Hedge Funds Weigh In On Xylem
A number of large investors have recently bought and sold shares of XYL. Householder Group Estate & Retirement Specialist LLC purchased a new position in Xylem during the 3rd quarter worth $27,000. Clear Street Markets LLC raised its position in Xylem by 408.1% during the 2nd quarter. Clear Street Markets LLC now owns 376 shares of the industrial products company’s stock worth $29,000 after buying an additional 302 shares during the last quarter. Heritage Financial Services LLC purchased a new position in Xylem during the 2nd quarter worth $31,000. TCI Wealth Advisors Inc. raised its position in Xylem by 583.3% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 369 shares of the industrial products company’s stock worth $32,000 after buying an additional 315 shares during the last quarter. Finally, Venture Visionary Partners LLC purchased a new position in Xylem during the 2nd quarter worth $36,000. Hedge funds and other institutional investors own 83.57% of the company’s stock.
Xylem, Inc engages in the design, manufacture, and application of engineered technologies for the water industry. It operates through the following business segments: Water Infrastructure, Applied Water, and Measurement and Control Solutions. The Water Infrastructure segment focuses on the transportation, treatment and testing of water.
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