Xylem Inc. New (NYSE:XYL).
On May 15 the company was upgraded from “Equalweight” to “Overweight” in an announcement from Barclays. On November 28 the stock rating was downgraded to “Neutral” from “Outperform” by Boenning & Scattergood.
Northcoast Research started covering XYL by announcing an initial rating of “Buy”. On November 2 the company was rated “Buy” in a report from Janney Capital up from the previous “Neutral” rating.
On August 22, 2016 the stock rating was changed to a “Overweight” according to a Atlantic Equities report a boost from the previous “” rating.
The company is trading up by 2.30% since yesterday’s close of $54.34. The company also declared a dividend which was paid on Wednesday the 21st of June 2017. The dividend payment was $0.180 per share for the quarter which comes to $0.72 on an annualized basis. The dividend yield was $1.31. The ex-dividend date was set for Tuesday the 23rd of May 2017.
The stock last traded at $55.59 slightly over $53.05, the stock’s 50 day moving average and a tad above the 200 day moving average of $50.40. The 50 day moving average moved up $2.37 whereas the 200 day average was up by +9.96%.
Xylem Inc., launched on May 4, 2011, is a water technology company. The Company designs, manufactures and services engineered solutions across a range of critical applications. The Company is an equipment and service provider for water and wastewater applications with a portfolio of products and services addressing the cycle of water, from collection, distribution and use to the return of water to the environment. The Company has three business segments: Water Infrastructure, Applied Water and Sensus. The Business’s portfolio of solutions addresses customer needs across the water cycle, from the delivery and use of drinking water to the collection and treatment of wastewater to the return of water to the environment. The Business’s applications in the areas of water equipment industry include transport, treatment, test, building services, industrial processing and irrigation. The Company sells its products in various countries through a distribution network consisting of direct sales force and independent channel partners..
The company’s P/E ratio is 39.87 and market capitalization is 9.96B. As of the last earnings report the EPS was $1.39 and is estimated to be $2.31 for the current year with 179,716,000 shares currently outstanding. Next quarter’s EPS is expected be $0.62 with next year’s EPS projected to be $2.64.