Stifel Nicolaus Cuts Xylem (NYSE:XYL) Price Target to $166.00

Xylem (NYSE:XYL) had its target price decreased by Stifel Nicolaus from $172.00 to $166.00 in a report published on Wednesday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the industrial products company’s stock.

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

Xylem Trading Down 0.4 %

Shares of XYL stock opened at $120.60 on Wednesday. Xylem has a 52-week low of $109.38 and a 52-week high of $146.08. The business’s fifty day moving average is $127.72 and its 200 day moving average is $132.51. 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 company has a market capitalization of $29.30 billion, a PE ratio of 35.26, a price-to-earnings-growth ratio of 2.27 and a beta of 1.05.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 EPS for the quarter, hitting the consensus estimate of $1.11. The company 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%. Xylem’s revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.99 earnings per share. On average, equities research analysts anticipate that Xylem will post 4.23 EPS for the current fiscal year.

Xylem Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th will be issued a $0.36 dividend. 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 (DPR) is presently 42.11%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of XYL. Bangor Savings Bank grew its position in Xylem by 56.7% during the 3rd quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 85 shares during the last quarter. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Xylem during the 2nd quarter valued at $33,000. Blue Trust Inc. raised its stake in shares of 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 buying an additional 249 shares during the period. Assetmark Inc. lifted its holdings in Xylem by 3,887.5% during the third 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 holdings in Xylem by 226.0% in the 3rd 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 during the period. 87.96% of the stock is currently owned by 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.