The stock of Xylem Inc (NYSE:XYL) hit a new 52-week high and has $68.21 target or 30.00% above today’s $52.47 share price. The 6 months bullish chart indicates low risk for the $9.52 billion company. The 1-year high was reported on Oct, 3 by Barchart.com. If the $68.21 price target is reached, the company will be worth $2.86B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 0.04% or $0.02 on October 3, hitting $52.47. About 515,645 shares traded hands. Xylem Inc (NYSE:XYL) has risen 40.20% since February 29, 2016 and is uptrending. It has outperformed by 27.99% the S&P500.
Analysts await Xylem Inc (NYSE:XYL) to report earnings on November, 1 before the open. They expect $0.53 earnings per share, up 8.16% or $0.04 from last year’s $0.49 per share. XYL’s profit will be $96.16 million for 24.75 P/E if the $0.53 EPS becomes a reality. After $0.48 actual earnings per share reported by Xylem Inc for the previous quarter, Wall Street now forecasts 10.42% EPS growth.
Xylem Inc (NYSE:XYL) Ratings Coverage
Out of 12 analysts covering Xylem (NYSE:XYL), 6 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 50% are positive. Xylem has been the topic of 22 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The rating was downgraded by Stifel Nicolaus to “Hold” on Monday, March 21. The company was initiated on Friday, February 19 by Janney Capital. The stock has “Hold” rating given by Canaccord Genuity on Tuesday, August 16. The company was upgraded on Thursday, January 21 by Seaport Global. The stock of Xylem Inc (NYSE:XYL) earned “Outperform” rating by RBC Capital Markets on Wednesday, January 6. The firm earned “Outperform” rating on Thursday, September 3 by Cowen & Co. The stock has “Outperform” rating given by Oppenheimer on Monday, September 28. The rating was upgraded by Stifel Nicolaus on Thursday, September 3 to “Buy”. The rating was upgraded by Sterne Agee CRT to “Buy” on Tuesday, April 5. Barclays Capital maintained Xylem Inc (NYSE:XYL) on Monday, October 5 with “Equal-Weight” rating.
According to Zacks Investment Research, “Xylem Inc. provides water technology solutions, water and wastewater treatment solutions and industrial pumps and related technologies. The company provides products for transportation, treatment, and testing applications to public utilities and industrial facilities. It offers a range of pumps, and valves, heat exchangers, waste systems, and membrane filtration products. Xylem Inc. is headquartered in White Plains, N.Y.”
Insitutional Activity: The institutional sentiment decreased to 1.08 in Q2 2016. Its down 0.45, from 1.53 in 2016Q1. The ratio dived, as 29 funds sold all Xylem Inc shares owned while 166 reduced positions. 57 funds bought stakes while 153 increased positions. They now own 147.36 million shares or 2.42% less from 151.02 million shares in 2016Q1.
Hanseatic Mngmt Services has 17,605 shares for 0.3% of their US portfolio. Deutsche Savings Bank Ag last reported 1.25 million shares in the company. Amg Trust National Bank & Trust has invested 0.52% of its portfolio in Xylem Inc (NYSE:XYL). Mitsubishi Ufj Trust Corporation holds 350,992 shares or 0.03% of its portfolio. Jefferies Grp Ltd Liability Company holds 9,353 shares or 0% of its portfolio. Gotham Asset Mngmt Lc has 9,494 shares for 0.01% of their US portfolio. Livforsakringsbolaget Skandia Omsesidigt holds 0.04% of its portfolio in Xylem Inc (NYSE:XYL) for 19,538 shares. Cap Advisors Ltd Limited Liability Company owns 108 shares or 0% of their US portfolio. Boston Private Wealth Ltd Liability, a Massachusetts-based fund reported 9,180 shares. Highlander Mgmt Ltd Liability Corporation accumulated 478 shares or 0.02% of the stock. Hartford Inv Mgmt has invested 0.04% of its portfolio in Xylem Inc (NYSE:XYL). Trust Of Vermont last reported 0.02% of its portfolio in the stock. Tower Research Capital Ltd Liability Co (Trc) reported 5,220 shares or 0.02% of all its holdings. Mcrae Management has invested 0.17% of its portfolio in Xylem Inc (NYSE:XYL). Ibm Retirement Fund reported 18,082 shares or 0.03% of all its holdings.
Insider Transactions: Since May 27, 2016, the stock had 0 insider buys, and 6 selling transactions for $9.46 million net activity. Another trade for 32,246 shares valued at $1.55M was sold by LORANGER STEVEN R. Sabol Colin R also sold $1.40 million worth of Xylem Inc (NYSE:XYL) shares. Brannemo Tomas also sold $426,746 worth of Xylem Inc (NYSE:XYL) on Wednesday, August 17.
Another recent and important Xylem Inc (NYSE:XYL) news was published by Moodys.com which published an article titled: “Moody’s confirms Xylem’s Senior Unsecured Rating at Baa2, changes outlook to …” on September 29, 2016.
XYL Company Profile
Xylem Inc., incorporated on March 4, 2011, is engaged in the design, manufacturing, and application of engineered technologies for the water industry. The Firm is an equipment and service well-known provider for water and wastewater applications with a portfolio of services and products addressing the cycle of water, from collection, distribution and use to the return of water to the environment. The Firm has two business divisions, which include Water Infrastructure (collection, distribution, return) and Applied Water (usage). The Company’s application in the areas of water equipment industry includes transport, treatment, test, building services, industrial processing and irrigation. The Company’s water market brands include Bell & Gossett, and Flygt. The Firm sells its products in over 150 countries through a distribution network consisting of direct sales force and independent channel partners.
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