Xylem's Adjusted EPS Rises 15% in 4Q on Strongest Organic Growth in 7 Years; Raising Our FVE
We plan to raise our fair value estimate of $56 per share by 7%-10% for narrow-moat Xylem to reflect signs of stronger organic growth, benefits of U.S. tax reform, and our updated earnings forecast to reflect global economic acceleration and early signs of rebounding infrastructure spending.Fourth-quarter results reflect impressive organic growth and steady margin performance. Adjusted EPS grew 15% on revenue growth of 17%, including benefits from acquisitions and a 4% currency tailwind. Growth...
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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