Oppenheimer Research Analysts Reduce Earnings Estimates for Xylem Inc. (NYSE:XYL)

Xylem Inc. (NYSE:XYLGet Rating) – Equities research analysts at Oppenheimer reduced their Q3 2022 earnings per share estimates for Xylem in a report issued on Tuesday, August 2nd. Oppenheimer analyst B. Blair now expects that the industrial products company will post earnings per share of $0.66 for the quarter, down from their previous estimate of $0.69. The consensus estimate for Xylem’s current full-year earnings is $2.54 per share.

Xylem (NYSE:XYLGet Rating) last released its earnings results on Tuesday, August 2nd. The industrial products company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.12. Xylem had a return on equity of 13.66% and a net margin of 8.06%. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period last year, the company earned $0.66 earnings per share. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year.

Other analysts also recently issued reports about the company. Mizuho lifted their target price on Xylem from $80.00 to $88.00 and gave the stock a “neutral” rating in a research report on Wednesday. Northcoast Research assumed coverage on Xylem in a report on Friday, July 15th. They issued a “neutral” rating for the company. Morgan Stanley decreased their price objective on Xylem from $110.00 to $100.00 and set an “overweight” rating for the company in a report on Thursday, June 9th. Cowen upgraded Xylem from a “market perform” rating to an “outperform” rating in a report on Wednesday, June 1st. Finally, Cowen upgraded Xylem from a “market perform” rating to an “outperform” rating and set a $75.00 price objective for the company in a report on Wednesday, June 1st. Ten investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Xylem currently has a consensus rating of “Hold” and a consensus target price of $102.30.

Xylem Stock Down 0.5 %

NYSE:XYL opened at $97.22 on Thursday. Xylem has a twelve month low of $72.08 and a twelve month high of $138.78. The company has a market cap of $17.51 billion, a price-to-earnings ratio of 41.91, a price-to-earnings-growth ratio of 3.19 and a beta of 1.11. The stock has a fifty day simple moving average of $81.89 and a 200-day simple moving average of $86.08. The company has a current ratio of 1.63, a quick ratio of 1.21 and a debt-to-equity ratio of 0.59.

Institutional Investors Weigh In On Xylem

Large investors have recently bought and sold shares of the company. Assenagon Asset Management S.A. boosted its position in Xylem by 51.5% in the first quarter. Assenagon Asset Management S.A. now owns 26,463 shares of the industrial products company’s stock valued at $2,256,000 after buying an additional 8,994 shares during the last quarter. First Trust Advisors LP boosted its position in Xylem by 9.7% in the fourth quarter. First Trust Advisors LP now owns 591,135 shares of the industrial products company’s stock valued at $70,889,000 after buying an additional 52,285 shares during the last quarter. Keybank National Association OH boosted its position in Xylem by 2.3% in the fourth quarter. Keybank National Association OH now owns 400,503 shares of the industrial products company’s stock valued at $48,028,000 after buying an additional 8,900 shares during the last quarter. Banque Pictet & Cie SA purchased a new stake in Xylem in the 1st quarter worth approximately $225,000. Finally, Steward Partners Investment Advisory LLC boosted its position in Xylem by 1.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,063 shares of the industrial products company’s stock worth $1,207,000 after purchasing an additional 158 shares in the last quarter. Hedge funds and other institutional investors own 83.83% of the company’s stock.

Insider Transactions at Xylem

In other news, SVP Hayati Yarkadas sold 5,898 shares of the business’s stock in a transaction dated Monday, June 27th. The stock was sold at an average price of $80.06, for a total transaction of $472,193.88. Following the sale, the senior vice president now owns 9,556 shares in the company, valued at $765,053.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Hayati Yarkadas sold 5,898 shares of the business’s stock in a transaction dated Monday, June 27th. The stock was sold at an average price of $80.06, for a total transaction of $472,193.88. Following the sale, the senior vice president now owns 9,556 shares in the company, valued at $765,053.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeanne Beliveau-Dunn sold 600 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $96.65, for a total value of $57,990.00. Following the completion of the sale, the director now owns 7,553 shares in the company, valued at approximately $729,997.45. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,655 shares of company stock worth $691,104. Insiders own 0.89% of the company’s stock.

Xylem Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 23rd. Stockholders of record on Thursday, May 26th were paid a dividend of $0.30 per share. The ex-dividend date was Wednesday, May 25th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.23%. Xylem’s payout ratio is 51.72%.

Xylem Company Profile

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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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Earnings History and Estimates for Xylem (NYSE:XYL)

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