Xylem Inc. (NYSE:XYL) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Xylem Inc. (NYSE:XYL) has been assigned an average rating of “Moderate Buy” from the eleven research firms that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $152.10.

A number of equities analysts recently commented on the company. TD Cowen dropped their price objective on Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. Royal Bank of Canada dropped their price target on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Wolfe Research reaffirmed a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Citigroup lowered their target price on shares of Xylem from $148.00 to $147.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Robert W. Baird reduced their price target on Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a research report on Friday, November 1st.

Institutional Investors Weigh In On Xylem

A number of institutional investors have recently added to or reduced their stakes in the company. Bangor Savings Bank raised its stake in shares of Xylem by 56.7% in the 3rd 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 bought a new stake in Xylem in the second quarter valued at about $33,000. Assetmark Inc. raised its position in Xylem by 3,887.5% in the third quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 311 shares in the last quarter. Versant Capital Management Inc lifted its stake 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 purchasing an additional 280 shares during the period. Finally, Catalyst Capital Advisors LLC boosted its holdings in Xylem by 226.0% during the third quarter. Catalyst Capital Advisors LLC now owns 339 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 235 shares in the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Xylem Trading Up 1.4 %

NYSE:XYL opened at $115.64 on Tuesday. The stock’s 50-day moving average is $121.55 and its two-hundred day moving average is $129.20. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.96 and a quick ratio of 1.42. The stock has a market cap of $28.09 billion, a PE ratio of 33.81, a price-to-earnings-growth ratio of 2.22 and a beta of 1.06. Xylem has a fifty-two week low of $109.39 and a fifty-two week high of $146.08.

Xylem (NYSE:XYL) last released its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, meeting the consensus estimate of $1.11. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.17 billion. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.99 EPS. As a group, equities research analysts forecast that Xylem will post 4.23 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, November 26th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend was Tuesday, November 26th. Xylem’s dividend payout ratio is currently 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.