Robert W. Baird Increases Xylem (NYSE:XYL) Price Target to $170.00

Xylem (NYSE:XYL) had its price target upped by Robert W. Baird from $155.00 to $170.00 in a research report released on Wednesday, Benzinga reports. Robert W. Baird currently has an outperform rating on the industrial products company’s stock.

Several other research analysts have also issued reports on the stock. Mizuho upped their target price on shares of Xylem from $110.00 to $135.00 and gave the stock a neutral rating in a research report on Friday, May 3rd. Royal Bank of Canada upped their target price on shares of Xylem from $160.00 to $163.00 and gave the stock an outperform rating in a research report on Wednesday. Argus upped their target price on shares of Xylem from $146.00 to $165.00 and gave the stock a buy rating in a research report on Wednesday, May 29th. TD Cowen upped their target price on shares of Xylem from $135.00 to $138.00 and gave the stock a buy rating in a research report on Thursday, June 6th. Finally, Citigroup upped their price objective on shares of Xylem from $126.00 to $139.00 and gave the company a neutral rating in a research note on Monday, April 8th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Xylem currently has a consensus rating of Moderate Buy and a consensus price target of $146.08.

Xylem Price Performance

NYSE:XYL opened at $130.15 on Wednesday. The firm has a market capitalization of $31.61 billion, a price-to-earnings ratio of 46.32, a P/E/G ratio of 2.36 and a beta of 1.04. Xylem has a 52-week low of $87.59 and a 52-week high of $146.08. The stock has a fifty day moving average of $137.49 and a 200 day moving average of $131.06. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.22 and a current ratio of 1.85.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.04. The company had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.14 billion. Xylem had a return on equity of 9.48% and a net margin of 9.11%. The firm’s quarterly revenue was up 26.0% on a year-over-year basis. During the same quarter last year, the company earned $0.98 earnings per share. On average, research analysts expect that Xylem will post 4.25 EPS for the current fiscal year.

Xylem Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.11%. The ex-dividend date was Thursday, May 30th. Xylem’s dividend payout ratio (DPR) is currently 51.25%.

Insiders Place Their Bets

In other Xylem news, SVP Rodney Aulick sold 21,800 shares of the stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $139.01, for a total value of $3,030,418.00. Following the completion of the sale, the senior vice president now owns 76,287 shares in the company, valued at approximately $10,604,655.87. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Xylem news, SVP Rodney Aulick sold 21,800 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $139.01, for a total value of $3,030,418.00. Following the completion of the sale, the senior vice president now directly owns 76,287 shares in the company, valued at $10,604,655.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Geri-Michelle Mcshane sold 2,278 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $138.63, for a total transaction of $315,799.14. Following the completion of the sale, the chief accounting officer now owns 3,536 shares of the company’s stock, valued at $490,195.68. The disclosure for this sale can be found here. Company insiders own 0.27% of the company’s stock.

Institutional Trading of Xylem

Several institutional investors and hedge funds have recently bought and sold shares of XYL. EverSource Wealth Advisors LLC lifted its position in 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 acquiring an additional 77 shares during the period. Blue Trust Inc. grew its position in Xylem by 1,185.7% during the 2nd quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 249 shares during the last quarter. FinTrust Capital Advisors LLC increased its stake in Xylem by 170.9% during the 1st quarter. FinTrust Capital Advisors LLC now owns 317 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 200 shares in the last quarter. Hazlett Burt & Watson Inc. raised its holdings in Xylem by 184.9% in the first quarter. Hazlett Burt & Watson Inc. now owns 339 shares of the industrial products company’s stock worth $43,000 after buying an additional 220 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of Xylem by 96.9% in the second quarter. UMB Bank n.a. now owns 382 shares of the industrial products company’s stock worth $52,000 after buying an additional 188 shares in the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

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.