Brokerages Set Xylem Inc. (NYSE:XYL) Price Target at $147.54

Shares of Xylem Inc. (NYSE:XYL) have earned an average rating of “Moderate Buy” from the fifteen research firms that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $147.54.

XYL has been the subject of a number of analyst reports. Argus upped their price objective 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. Stifel Nicolaus increased their price target on shares of Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Robert W. Baird lifted their price objective on Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. TD Cowen increased their target price on Xylem from $135.00 to $138.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. Finally, UBS Group began coverage on Xylem in a research note on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price target on the stock.

Insider Buying and Selling

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XYL. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of Xylem by 1,503.7% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,649,926 shares of the industrial products company’s stock valued at $188,685,000 after buying an additional 1,547,043 shares during the period. Kornitzer Capital Management Inc. KS lifted its stake in shares of Xylem by 9.0% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 109,882 shares of the industrial products company’s stock worth $12,566,000 after purchasing an additional 9,114 shares during the period. Duality Advisers LP purchased a new stake in shares of Xylem in the first quarter valued at $6,746,000. Vanguard Group Inc. grew its position in shares of Xylem by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 28,048,996 shares of the industrial products company’s stock valued at $3,207,683,000 after purchasing an additional 187,847 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in Xylem by 12.9% in the first quarter. Russell Investments Group Ltd. now owns 338,315 shares of the industrial products company’s stock valued at $43,737,000 after purchasing an additional 38,603 shares during the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Xylem Stock Performance

Shares of XYL stock opened at $136.92 on Friday. Xylem has a 52-week low of $87.59 and a 52-week high of $146.08. The stock’s 50-day moving average price is $135.13 and its 200 day moving average price is $132.83. The company has a quick ratio of 1.33, a current ratio of 1.85 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $33.26 billion, a PE ratio of 48.70, a price-to-earnings-growth ratio of 2.34 and a beta of 1.04.

Xylem (NYSE:XYL) last released its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.04. Xylem had a return on equity of 9.48% and a net margin of 9.11%. The business had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the previous year, the company posted $0.98 earnings per share. The company’s revenue for the quarter was up 26.0% compared to the same quarter last year. As a group, equities research analysts forecast that Xylem will post 4.25 EPS for the current year.

Xylem Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Thursday, August 29th. Xylem’s dividend payout ratio (DPR) is presently 51.25%.

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.