Stifel Nicolaus Cuts Xylem (NYSE:XYL) Price Target to $150.00

Xylem (NYSE:XYL) had its target price decreased by Stifel Nicolaus from $166.00 to $150.00 in a research note issued to investors on Friday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the industrial products company’s stock.

Other analysts have also recently issued research reports about the company. TD Cowen decreased their target price on Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Citigroup cut their price objective on Xylem from $148.00 to $147.00 and set a “buy” rating for the company in a report on Monday, January 13th. Wolfe Research reiterated a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Robert W. Baird cut their price objective on Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Finally, Royal Bank of Canada cut their price objective on Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $150.50.

Xylem Stock Performance

Shares of NYSE XYL opened at $121.53 on Friday. The stock has a fifty day moving average price of $120.88 and a two-hundred day moving average price of $128.32. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.96. The firm has a market cap of $29.53 billion, a P/E ratio of 35.54, a PEG ratio of 2.05 and a beta of 1.06. Xylem has a 1 year low of $111.72 and a 1 year high of $146.08.

Xylem (NYSE:XYL) last issued its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.11. The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.17 billion. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the company posted $0.99 EPS. Research analysts forecast that Xylem will post 4.23 EPS for the current fiscal year.

Xylem Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th were issued a dividend of $0.36 per share. The ex-dividend date was Tuesday, November 26th. This represents a $1.44 annualized dividend and a yield of 1.18%. Xylem’s dividend payout ratio (DPR) is currently 42.11%.

Institutional Investors Weigh In On Xylem

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bangor Savings Bank grew its position in Xylem by 56.7% during the third quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock worth $32,000 after buying an additional 85 shares in the last quarter. Heck Capital Advisors LLC acquired a new stake in Xylem during the fourth quarter worth about $36,000. Assetmark Inc. grew its position in Xylem by 3,887.5% during the third quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock worth $43,000 after buying an additional 311 shares in the last quarter. Versant Capital Management Inc grew its position in Xylem by 318.2% during the fourth quarter. Versant Capital Management Inc now owns 368 shares of the industrial products company’s stock worth $43,000 after buying an additional 280 shares in the last quarter. Finally, Catalyst Capital Advisors LLC grew its position in Xylem by 226.0% during the third quarter. Catalyst Capital Advisors LLC now owns 339 shares of the industrial products company’s stock worth $46,000 after buying an additional 235 shares in the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

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.