Xylem (NYSE:XYL) Price Target Cut to $150.00 by Analysts at Stifel Nicolaus

Xylem (NYSE:XYL) had its target price decreased by equities researchers at Stifel Nicolaus from $166.00 to $150.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 23.42% from the company’s previous close.

Several other research analysts have also commented on the company. TD Cowen cut their price objective on Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. Citigroup reduced their price target on Xylem from $148.00 to $147.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Robert W. Baird lowered their price objective on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Wolfe Research reissued a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Finally, Royal Bank of Canada lowered their price target on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $150.50.

Xylem Stock Performance

Xylem stock opened at $121.53 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.96 and a quick ratio of 1.42. Xylem has a 12 month low of $111.72 and a 12 month high of $146.08. The company has a market cap of $29.53 billion, a price-to-earnings ratio of 35.54, a price-to-earnings-growth ratio of 2.05 and a beta of 1.06. The stock’s 50-day moving average is $120.88 and its 200-day moving average is $128.37.

Xylem (NYSE:XYL) last announced its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $2.17 billion. During the same period in the previous year, the company posted $0.99 earnings per share. Xylem’s revenue was up .2% compared to the same quarter last year. Equities analysts anticipate that Xylem will post 4.23 earnings per share for the current year.

Institutional Investors Weigh In On Xylem

Several institutional investors and hedge funds have recently made changes to their positions in XYL. State Street Corp increased its stake in Xylem by 1.9% during the third quarter. State Street Corp now owns 10,329,494 shares of the industrial products company’s stock valued at $1,394,792,000 after purchasing an additional 189,820 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Xylem by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 5,668,755 shares of the industrial products company’s stock valued at $762,804,000 after buying an additional 54,877 shares during the last quarter. Swedbank AB raised its stake in Xylem by 23.1% during the fourth quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company’s stock worth $427,325,000 after acquiring an additional 691,618 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Xylem by 1.0% in the third 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 worth $465,760,000 after acquiring an additional 32,645 shares during the last quarter. Finally, Impax Asset Management Group plc boosted its stake in Xylem by 1.0% in the third quarter. Impax Asset Management Group plc now owns 1,677,816 shares of the industrial products company’s stock valued at $226,555,000 after acquiring an additional 15,825 shares during the period. 87.96% of the stock is owned by institutional investors and hedge funds.

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.