Robert W. Baird Lowers Xylem (NYSE:XYL) Price Target to $154.00

Xylem (NYSE:XYL) had its target price decreased by stock analysts at Robert W. Baird from $175.00 to $154.00 in a research note issued on Friday, Benzinga reports. The firm presently has an “outperform” rating on the industrial products company’s stock. Robert W. Baird’s target price points to a potential upside of 26.46% from the stock’s current price.

A number of other equities analysts also recently weighed in on the stock. TD Cowen reaffirmed a “hold” rating and issued a $138.00 target price on shares of Xylem in a research note on Tuesday, September 3rd. Stifel Nicolaus lifted their target price on Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Royal Bank of Canada raised their price target on Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, UBS Group started coverage on shares of Xylem in a research note on Tuesday, August 13th. They issued a “buy” rating and a $165.00 target price on the stock. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $148.33.

Xylem Stock Performance

NYSE XYL opened at $121.78 on Friday. The firm has a market cap of $29.58 billion, a price-to-earnings ratio of 38.54, a PEG ratio of 2.29 and a beta of 1.04. The company has a current ratio of 1.85, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. Xylem has a 1-year low of $91.42 and a 1-year high of $146.08. The company has a 50 day moving average of $133.41 and a 200-day moving average of $135.28.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 EPS for the quarter, hitting analysts’ consensus estimates of $1.11. Xylem had a return on equity of 9.48% and a net margin of 9.11%. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the previous year, the firm earned $0.99 earnings per share. The business’s revenue was up .2% on a year-over-year basis. On average, equities analysts forecast that Xylem will post 4.26 earnings per share for the current fiscal year.

Institutional Trading of Xylem

Institutional investors and hedge funds have recently bought and sold shares of the stock. Swedbank AB bought a new stake in shares of Xylem during the 1st quarter worth about $311,684,000. Sei Investments Co. lifted its position in Xylem by 56.4% during the first quarter. Sei Investments Co. now owns 1,013,314 shares of the industrial products company’s stock worth $130,961,000 after acquiring an additional 365,420 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of Xylem by 246.6% during the second quarter. LPL Financial LLC now owns 324,504 shares of the industrial products company’s stock worth $44,012,000 after acquiring an additional 230,878 shares during the period. Jennison Associates LLC bought a new position in shares of Xylem during the first quarter worth approximately $29,234,000. Finally, TCW Group Inc. increased its stake in shares of Xylem by 189.2% during the second quarter. TCW Group Inc. now owns 315,400 shares of the industrial products company’s stock worth $42,778,000 after purchasing an additional 206,350 shares during the period. Institutional investors own 87.96% of the company’s stock.

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.