Analysts Set Xylem Inc. (NYSE:XYL) Price Target at $149.67

Xylem Inc. (NYSE:XYL) has been given an average recommendation of “Moderate Buy” by the thirteen research firms that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $148.25.

Several research analysts have recently weighed in on the stock. UBS Group assumed coverage on shares of Xylem in a report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price target for the company. Robert W. Baird reduced their target price on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a report on Friday. TD Cowen reaffirmed a “hold” rating and set a $138.00 price target on shares of Xylem in a research report on Tuesday, September 3rd. Royal Bank of Canada dropped their price target on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Stifel Nicolaus increased their price objective on shares of Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st.

Xylem Price Performance

Shares of Xylem stock opened at $119.46 on Thursday. The firm has a market cap of $29.02 billion, a P/E ratio of 34.93, a price-to-earnings-growth ratio of 2.14 and a beta of 1.05. Xylem has a twelve month low of $93.86 and a twelve month high of $146.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.96. The firm’s 50-day simple moving average is $132.78 and its 200-day simple moving average is $135.13.

Xylem (NYSE:XYL) last posted its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.11. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.17 billion. Xylem had a net margin of 9.85% and a return on equity of 9.61%. Xylem’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.99 earnings per share. As a group, research analysts expect that Xylem will post 4.26 EPS for the current fiscal year.

Xylem Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, August 29th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Thursday, August 29th. Xylem’s dividend payout ratio is currently 42.11%.

Institutional Trading of Xylem

A number of institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its position in shares of Xylem by 68.8% during the first quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock valued at $25,000 after buying an additional 77 shares during the last quarter. Bangor Savings Bank boosted its position in Xylem by 56.7% in the third quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 85 shares during the last quarter. Mark Sheptoff Financial Planning LLC purchased a new position in Xylem in the second quarter worth about $33,000. Blue Trust Inc. boosted its position in Xylem by 1,185.7% in the second quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 249 shares during the last quarter. Finally, FinTrust Capital Advisors LLC boosted its position in Xylem by 170.9% in the first quarter. FinTrust Capital Advisors LLC now owns 317 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

About Xylem

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.