Xylem (NYSE:XYL) Upgraded by StockNews.com to “Buy”

Xylem (NYSE:XYL – Get Rating) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

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.

Xylem (NYSE:XYL – Get Rating) last announced its quarterly earnings data on Tuesday, November 1st. The industrial products company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.13. Xylem had a net margin of 5.97% and a return on equity of 14.40%. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.33 billion. Research analysts predict that Xylem will post 2.71 earnings per share for the current fiscal year.

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.

About Xylem

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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.