Xylem Inc. (NYSE:XYL) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Xylem Inc. (NYSE:XYL) have been assigned an average recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $149.89.

Several brokerages have recently issued reports on XYL. Wolfe Research reiterated a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Robert W. Baird lifted their price objective on Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Stifel Nicolaus reduced their target price on Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a report on Friday, January 24th. Finally, Citigroup downgraded Xylem from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th.

Xylem Stock Performance

NYSE XYL opened at $110.94 on Friday. The stock has a market capitalization of $26.96 billion, a price-to-earnings ratio of 30.31, a PEG ratio of 2.33 and a beta of 1.08. The stock has a 50-day moving average of $125.38 and a 200 day moving average of $125.54. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. Xylem has a twelve month low of $110.88 and a twelve month high of $146.08.

Xylem (NYSE:XYL) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.06. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the prior year, the company posted $0.99 EPS. The business’s quarterly revenue was up 8.6% on a year-over-year basis. Sell-side analysts anticipate that Xylem will post 4.65 EPS for the current fiscal year.

Xylem Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.40 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.60 dividend on an annualized basis and a yield of 1.44%. This is a positive change from Xylem’s previous quarterly dividend of $0.36. Xylem’s payout ratio is 43.72%.

Institutional Investors Weigh In On Xylem

Several hedge funds and other institutional investors have recently bought and sold shares of XYL. Brooklyn Investment Group acquired a new stake in shares of Xylem during the 3rd quarter worth approximately $55,000. Glenmede Trust Co. NA raised its position in Xylem by 3.4% in the third quarter. Glenmede Trust Co. NA now owns 18,399 shares of the industrial products company’s stock valued at $2,484,000 after purchasing an additional 605 shares during the period. Public Sector Pension Investment Board lifted its stake in shares of Xylem by 12.8% in the 3rd quarter. Public Sector Pension Investment Board now owns 10,610 shares of the industrial products company’s stock valued at $1,433,000 after purchasing an additional 1,200 shares during the last quarter. Erste Asset Management GmbH purchased a new position in shares of Xylem during the 3rd quarter worth $68,593,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of Xylem during the 3rd quarter worth about $131,000. 87.96% of the stock is currently owned by institutional investors and hedge funds.

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.