Analysts Set Xylem Inc. (NYSE:XYL) Target Price at $152.20

Shares of Xylem Inc. (NYSE:XYL) have been given a consensus recommendation of “Moderate Buy” by the twelve brokerages that are presently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $152.20.

A number of research firms recently commented on XYL. Wolfe Research reissued a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Royal Bank of Canada decreased their price objective on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Robert W. Baird cut their target price on Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Citigroup raised shares of Xylem from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $135.00 to $148.00 in a research note on Monday, December 9th. Finally, Stifel Nicolaus cut their price objective on shares of Xylem from $172.00 to $166.00 and set a “buy” rating for the company in a research note on Wednesday, December 11th.

Hedge Funds Weigh In On Xylem

Several hedge funds and other institutional investors have recently modified their holdings of XYL. State Street Corp lifted its stake in Xylem by 1.9% in the third quarter. State Street Corp now owns 10,329,494 shares of the industrial products company’s stock worth $1,394,792,000 after acquiring an additional 189,820 shares during the period. Geode Capital Management LLC lifted its position in shares of Xylem by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 5,668,755 shares of the industrial products company’s stock worth $762,804,000 after purchasing an additional 54,877 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Xylem by 1.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,449,307 shares of the industrial products company’s stock valued at $465,760,000 after purchasing an additional 32,645 shares in the last quarter. Swedbank AB increased its position in shares of Xylem by 22.8% during the third quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company’s stock valued at $403,953,000 after buying an additional 554,609 shares during the period. Finally, Mirova US LLC raised its stake in Xylem by 2.0% in the second quarter. Mirova US LLC now owns 1,876,618 shares of the industrial products company’s stock worth $254,526,000 after buying an additional 36,013 shares in the last quarter. 87.96% of the stock is owned by institutional investors.

Xylem Trading Up 0.6 %

Shares of XYL stock opened at $117.14 on Friday. Xylem has a 52-week low of $109.39 and a 52-week high of $146.08. The business’s fifty day moving average is $126.05 and its 200 day moving average is $131.74. 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 $28.46 billion, a PE ratio of 34.25, a price-to-earnings-growth ratio of 2.22 and a beta of 1.05.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 earnings per share 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 company had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same period in the prior year, the business earned $0.99 earnings per share. Xylem’s revenue for the quarter was up .2% compared to the same quarter last year. On average, equities research analysts anticipate that Xylem will post 4.23 EPS for the current fiscal year.

Xylem Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Tuesday, November 26th. Xylem’s payout ratio is 42.11%.

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.