The stock of Xylem Inc (NYSE:XYL) hit a new 52-week high and has $79.73 target or 47.00% above today’s $54.24 share price. The 7 months bullish chart indicates low risk for the $9.99B company. The 1-year high was reported on Nov, 16 by Barchart.com. If the $79.73 price target is reached, the company will be worth $4.70B 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. About 254,879 shares traded hands. Xylem Inc (NYSE:XYL) has risen 30.39% since April 14, 2016 and is uptrending. It has outperformed by 25.70% 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. Xylem has been the topic of 24 analyst reports since August 3, 2015 according to StockzIntelligence Inc. On Monday, April 11 the stock rating was downgraded by Wedbush to “Neutral”. On Tuesday, April 5 the stock rating was upgraded by Sterne Agee CRT to “Buy”. The company was upgraded on Wednesday, November 2 by Janney Capital. RBC Capital Markets upgraded it to “Outperform” rating and $42 target price in Wednesday, January 6 report. Barclays Capital maintained the shares of XYL in a report on Monday, October 5 with “Equal-Weight” rating. The firm has “Equalweight” rating given on Monday, July 18 by Barclays Capital. Barclays Capital maintained Xylem Inc (NYSE:XYL) on Monday, November 2 with “Equal Weight” rating. As per Friday, February 19, the company rating was initiated by Janney Capital. The firm has “Hold” rating given on Monday, March 21 by Stifel Nicolaus. The firm earned “Outperform” rating on Thursday, September 3 by Cowen & Co.
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.
Gulf Int Bank & Trust (Uk) Limited last reported 0.04% of its portfolio in the stock. Strategic Fincl holds 54,866 shares or 0.53% of its portfolio. The Netherlands-based Delta Lloyd Nv has invested 0.57% in Xylem Inc (NYSE:XYL). Bnp Paribas Arbitrage Sa has 0.07% invested in the company for 348,938 shares. Victory Capital accumulated 2.05 million shares or 0.37% of the stock. The New York-based Daruma Mgmt Lc has invested 0.22% in Xylem Inc (NYSE:XYL). First Midwest Bank Trust Division holds 0.17% or 30,656 shares in its portfolio. Nbt Bancorporation N A last reported 0.08% of its portfolio in the stock. Mutual Of America Management Lc owns 20,917 shares or 0.02% of their US portfolio. Loring Wolcott Coolidge Fiduciary Advisors Ltd Liability Partnership Ma last reported 0% of its portfolio in the stock. Agf Investments America Incorporated last reported 3.81% of its portfolio in the stock. Baker Ellis Asset Ltd Llc reported 8,481 shares or 0.12% of all its holdings. Brown Advisory accumulated 18,957 shares or 0% of the stock. Insight 2811 owns 54,049 shares or 0.93% of their US portfolio. Federated Invsts Pa holds 11,931 shares or 0% of its portfolio.
Insider Transactions: Since May 27, 2016, the stock had 0 insider buys, and 7 insider sales for $9.71 million net activity. The insider Sabol Colin R sold $1.40M. LORANGER STEVEN R had sold 50,000 shares worth $2.23 million. The insider Brannemo Tomas sold $426,746. Toussaint Claudia S also sold $250,554 worth of Xylem Inc (NYSE:XYL) shares.
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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