Xylem Grew 1Q Adjusted EPS 11% due to Sensus Contribution, Efficiency Gains; Maintain $49 Fair Value
We maintain our $49 per share fair value estimate for narrow moat Xylem. First-quarter results reflect impressive productivity gains and a healthy contribution from recently acquired Sensus, balanced by continued modest organic growth in legacy operations.ÂFirst-quarter adjusted EPS rose 11% to $0.39 versus $0.35 one year ago. We estimate Sensus (acquired in the fourth quarter) contributed $0.09. Water Infrastructure revenue (48% of total) and operating income declined due to comparisons to unu...
Xylem is water technology company. The company designs, manufactures and services engineered solutions ranging across a variety of applications primarily in the water sector, but also in electric and gas. The company's business segments are: water infrastructure, which serves the water infrastructure sector with pump systems, filtration, ultraviolet and ozone systems and pumping solutions; Applied Water, which serves the usage applications sector with water pressure boosting systems; and Measurement and Control Solutions, which serves the utility infrastructure solutions and services sector by delivering communications, smart metering, measurement and control technologies and infrastructure technologies.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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