Xylem Inc. (NYSE:XYL) Receives $149.67 Average Price Target from Brokerages

Xylem Inc. (NYSE:XYL) has earned an average rating of “Moderate Buy” from the thirteen brokerages that are covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $148.25.

XYL has been the topic of a number of research reports. UBS Group initiated coverage on shares of Xylem in a report on Tuesday, August 13th. They set a “buy” rating and a $165.00 target price on the stock. Stifel Nicolaus lifted their price target on Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Royal Bank of Canada decreased their target price on Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research report on Friday. Robert W. Baird cut their price target on Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a research note on Friday. Finally, TD Cowen reissued a “hold” rating and issued a $138.00 target price on shares of Xylem in a report on Tuesday, September 3rd.

Xylem Trading Down 1.9 %

NYSE:XYL opened at $119.46 on Thursday. The firm’s fifty day moving average is $132.78 and its 200-day moving average is $135.13. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.96. Xylem has a 52 week low of $93.86 and a 52 week high of $146.08. The firm has a market cap of $29.02 billion, a P/E ratio of 34.93, a P/E/G ratio of 2.14 and a beta of 1.05.

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

Xylem Announces Dividend

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

Institutional Trading of Xylem

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Norden Group LLC acquired a new stake in shares of Xylem in the 1st quarter valued at about $2,821,000. First Trust Direct Indexing L.P. lifted its stake in Xylem by 6.3% during the first quarter. First Trust Direct Indexing L.P. now owns 7,912 shares of the industrial products company’s stock valued at $1,023,000 after purchasing an additional 469 shares during the last quarter. Maryland State Retirement & Pension System lifted its stake in Xylem by 2.8% during the first quarter. Maryland State Retirement & Pension System now owns 18,608 shares of the industrial products company’s stock valued at $2,325,000 after purchasing an additional 503 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in Xylem by 1,134.5% in the 1st quarter. Sequoia Financial Advisors LLC now owns 148,218 shares of the industrial products company’s stock valued at $19,156,000 after buying an additional 136,212 shares during the period. Finally, BOK Financial Private Wealth Inc. lifted its position in Xylem by 27.1% in the 1st quarter. BOK Financial Private Wealth Inc. now owns 34,579 shares of the industrial products company’s stock worth $4,469,000 after buying an additional 7,379 shares in the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

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.