Xylem (NYSE:XYL) Price Target Cut to $166.00 by Analysts at Stifel Nicolaus

Xylem (NYSE:XYL) had its target price trimmed by Stifel Nicolaus from $172.00 to $166.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the industrial products company’s stock.

Other equities analysts have also issued research reports about the company. Robert W. Baird cut their target price on Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Citigroup raised shares of Xylem from a “neutral” rating to a “buy” rating and increased their price objective for the company from $135.00 to $148.00 in a research report on Monday, December 9th. Royal Bank of Canada dropped their price target on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. UBS Group assumed coverage on shares of Xylem in a research report on Tuesday, August 13th. They set a “buy” rating and a $165.00 target price for the company. Finally, TD Cowen lowered their price objective on Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $152.20.

Xylem Stock Down 0.4 %

NYSE XYL opened at $120.60 on Wednesday. The company has a fifty day moving average of $127.72 and a two-hundred day moving average of $132.51. The firm has a market capitalization of $29.30 billion, a price-to-earnings ratio of 35.26, a PEG ratio of 2.27 and a beta of 1.05. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 0.19. Xylem has a 52 week low of $109.38 and a 52 week high of $146.08.

Xylem (NYSE:XYL) last released its earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, hitting the consensus estimate 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 return on equity of 9.61% and a net margin of 9.85%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period last year, the company earned $0.99 earnings per share. On average, analysts predict that Xylem will post 4.23 earnings per share for the current year.

Xylem Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, November 26th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.44 annualized dividend and a yield of 1.19%. Xylem’s dividend payout ratio is presently 42.11%.

Hedge Funds Weigh In On Xylem

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bangor Savings Bank boosted its position in Xylem by 56.7% in the 3rd quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock valued at $32,000 after buying an additional 85 shares during the period. Mark Sheptoff Financial Planning LLC purchased a new position in Xylem in the second quarter valued at $33,000. Blue Trust Inc. grew its stake in Xylem by 1,185.7% during the 2nd quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 249 shares in the last quarter. Assetmark Inc. raised its position in Xylem by 3,887.5% in the 3rd quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 311 shares in the last quarter. Finally, Catalyst Capital Advisors LLC boosted its stake in shares of Xylem by 226.0% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 339 shares of the industrial products company’s stock valued at $46,000 after buying an additional 235 shares during the period. 87.96% of the stock is currently owned by institutional investors and hedge funds.

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.