The stock of Xylem Inc (NYSE:XYL) reached all time high today, Nov, 15 and still has $89.42 target or 66.00% above today’s $53.87 share price. This indicates more upside for the $9.74 billion company. This technical setup was reported by Barchart.com. If the $89.42 PT is reached, the company will be worth $6.43B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 158,937 shares traded hands. Xylem Inc (NYSE:XYL) has risen 27.25% since April 13, 2016 and is uptrending. It has outperformed by 23.32% the S&P500.
Xylem Inc (NYSE:XYL) Ratings Coverage
Out of 12 analysts covering Xylem (NYSE:XYL), 7 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 58% are positive. $50 is the highest target while $30 is the lowest. The $42.10 average target is -21.85% below today’s ($53.87) stock price. Xylem has been the topic of 24 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The company was upgraded on Thursday, September 3 by Stifel Nicolaus. The stock of Xylem Inc (NYSE:XYL) has “Neutral” rating given on Monday, April 11 by Wedbush. The firm has “Hold” rating given on Monday, March 21 by Stifel Nicolaus. Stifel Nicolaus maintained it with “Hold” rating and $48 target price in Wednesday, November 2 report. As per Monday, August 22, the company rating was upgraded by Atlantic Securities. Barclays Capital maintained the shares of XYL in a report on Monday, October 5 with “Equal-Weight” rating. The firm earned “Neutral” rating on Friday, February 19 by Janney Capital. The company was upgraded on Thursday, January 21 by Seaport Global. On Monday, September 28 the stock rating was maintained by Oppenheimer with “Outperform”. The company was upgraded on Tuesday, April 5 by Sterne Agee CRT.
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 2016 Q2. Its down 0.45, from 1.53 in 2016Q1. The ratio turned negative, 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.
Carret Asset Mngmt Ltd last reported 0.19% of its portfolio in the stock. Janney Montgomery Scott Ltd Limited Liability Company has 38,127 shares for 0.02% of their US portfolio. Burney Comm, a Virginia-based fund reported 7,393 shares. Glob X Mgmt Ltd Llc owns 1,945 shares or 0% of their US portfolio. Price T Rowe Associate Md last reported 0.09% of its portfolio in the stock. Ferguson Wellman Capital Mngmt Inc accumulated 0.02% or 10,000 shares. Hallmark Capital Mgmt has invested 0% of its portfolio in Xylem Inc (NYSE:XYL). Washington Mngmt holds 0.67% or 10,500 shares in its portfolio. Tortoise Cap Advsrs Limited Company has 181 shares for 0% of their US portfolio. Glg Llc reported 9,398 shares or 0.03% of all its holdings. First Republic Investment Mgmt Incorporated holds 0.02% of its portfolio in Xylem Inc (NYSE:XYL) for 37,209 shares. Amer Century Cos Inc holds 0.06% of its portfolio in Xylem Inc (NYSE:XYL) for 1.16 million shares. Bp Public Limited Liability Corp accumulated 145,000 shares or 0.26% of the stock. Assetmark Incorporated last reported 1,200 shares in the company. Thrivent Fincl For Lutherans accumulated 384,530 shares or 0.08% of the stock.
Insider Transactions: Since May 27, 2016, the stock had 0 buys, and 7 sales for $9.71 million net activity. 27,473 shares were sold by Sabol Colin R, worth $1.40 million on Wednesday, September 7. Shares for $1.63 million were sold by LORANGER STEVEN R on Wednesday, August 10. $250,554 worth of Xylem Inc (NYSE:XYL) was sold by Toussaint Claudia S on Friday, November 4. Brannemo Tomas had sold 8,524 shares worth $426,746 on Wednesday, August 17.
Another recent and important Xylem Inc (NYSE:XYL) news was published by Businesswire.com which published an article titled: “Xylem Inc. reports third quarter 2016 earnings” on November 01, 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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