Xylem’s (XYL) “Peer Perform” Rating Reaffirmed at Wolfe Research

Wolfe Research reissued their peer perform rating on shares of Xylem (NYSE:XYL) in a research report sent to investors on Thursday morning, Marketbeat Ratings reports.

XYL has been the topic of several other research reports. TD Cowen cut their target price on Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. Stifel Nicolaus cut their price objective on shares of Xylem from $172.00 to $166.00 and set a “buy” rating on the stock in a research report on Wednesday. Robert W. Baird lowered 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, November 1st. Citigroup upgraded shares of Xylem from a “neutral” rating to a “buy” rating and upped their price target for the company from $135.00 to $148.00 in a report on Monday, December 9th. Finally, Royal Bank of Canada decreased their price objective on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $152.20.

Xylem Price Performance

Xylem stock opened at $120.60 on Thursday. Xylem has a 52-week low of $109.38 and a 52-week high of $146.08. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 0.19. The firm’s fifty day moving average is $127.72 and its 200 day moving average is $132.45. The company has a market cap of $29.30 billion, a price-to-earnings ratio of 35.26, a PEG ratio of 2.22 and a beta of 1.05.

Xylem (NYSE:XYL) last announced its earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.11. The firm had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The business’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.99 EPS. Sell-side analysts forecast that Xylem will post 4.23 EPS for the current fiscal year.

Xylem Dividend Announcement

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

Institutional Investors Weigh In On Xylem

Several hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. raised its holdings in Xylem by 0.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,345,768 shares of the industrial products company’s stock worth $181,719,000 after purchasing an additional 5,817 shares in the last quarter. Groupama Asset Managment grew its position in shares of Xylem by 89.6% in the 3rd quarter. Groupama Asset Managment now owns 16,340 shares of the industrial products company’s stock worth $2,206,000 after buying an additional 7,723 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Xylem by 9.3% during the 3rd quarter. Victory Capital Management Inc. now owns 1,627,279 shares of the industrial products company’s stock worth $219,731,000 after acquiring an additional 137,883 shares in the last quarter. BNP Paribas Financial Markets lifted its position in Xylem by 16.5% during the third quarter. BNP Paribas Financial Markets now owns 547,435 shares of the industrial products company’s stock valued at $73,920,000 after acquiring an additional 77,639 shares during the last quarter. Finally, Cerity Partners LLC boosted its stake in Xylem by 22.9% in the third quarter. Cerity Partners LLC now owns 115,045 shares of the industrial products company’s stock valued at $15,534,000 after acquiring an additional 21,464 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Xylem Company Profile

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.