Royal Bank of Canada Lowers Xylem (NYSE:XYL) Price Target to $162.00

Xylem (NYSE:XYL) had its price objective lowered by Royal Bank of Canada from $163.00 to $162.00 in a research note issued to investors on Friday morning, Benzinga reports. Royal Bank of Canada currently has an outperform rating on the industrial products company’s stock.

XYL has been the subject of several other reports. Robert W. Baird lowered 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. TD Cowen reaffirmed a “hold” rating and issued a $138.00 price target on shares of Xylem in a report on Tuesday, September 3rd. UBS Group assumed coverage on shares of Xylem in a report on Tuesday, August 13th. They set a “buy” rating and a $165.00 price objective for the company. Finally, Stifel Nicolaus boosted their target price on shares of Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $148.25.

Xylem Stock Down 1.9 %

NYSE XYL opened at $119.46 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.96 and a debt-to-equity ratio of 0.19. Xylem has a fifty-two week low of $93.86 and a fifty-two week high of $146.08. The business has a 50 day moving average price of $132.78 and a two-hundred day moving average price of $135.18. The stock has a market cap of $29.02 billion, a PE 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 EPS for the quarter, hitting analysts’ consensus estimates of $1.11. The business 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 for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.99 earnings per share. As a group, sell-side analysts predict that Xylem will post 4.26 EPS for the current fiscal year.

Xylem Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Thursday, August 29th. Xylem’s dividend payout ratio (DPR) is presently 42.11%.

Institutional Investors Weigh In On Xylem

Several hedge funds and other institutional investors have recently added to or reduced their stakes in XYL. EverSource Wealth Advisors LLC increased its position in shares of Xylem by 68.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 77 shares during the period. Bangor Savings Bank boosted its stake in Xylem by 56.7% during the third quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock valued at $32,000 after buying an additional 85 shares in the last quarter. Mark Sheptoff Financial Planning LLC acquired a new position in Xylem during the second quarter worth about $33,000. Blue Trust Inc. raised its position in 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 acquiring an additional 249 shares in the last quarter. Finally, FinTrust Capital Advisors LLC lifted its holdings in Xylem by 170.9% in the 1st quarter. FinTrust Capital Advisors LLC now owns 317 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 200 shares during the last quarter. 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.