Xylem's 2Q Adjusted EPS Up 23% Due to Efficiency Gains and Sensus Contribution; Increasing FVE
We plan to raise our $49 fair value estimate by roughly $2-$3 for narrow-moat Xylem. Second-quarter results reflect impressive margin performance, an improving order book, and a healthy contribution from the acquired Sensus unit, balanced by still-soft organic growth in legacy operations. Management cited rising momentum in bidding activity, new orders, emerging-market demand, and early signs of a rebound in lagging industrial end markets.ÂThe second quarter featured notable across-the-board st...
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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