Brokerages Set Xylem Inc. (NYSE:XYL) PT at $149.64

Xylem Inc. (NYSE:XYL) has earned an average rating of “Moderate Buy” from the twelve research firms that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $149.64.

Several equities analysts have recently commented on XYL shares. Royal Bank of Canada reduced their target price on Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. UBS Group began coverage on Xylem in a research report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 target price for the company. Robert W. Baird dropped their price target on Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, TD Cowen decreased their price objective on shares of Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a report on Wednesday, November 6th.

Xylem Stock Performance

Shares of XYL stock opened at $126.68 on Monday. The company’s fifty day simple moving average is $129.53 and its 200-day simple moving average is $133.88. The company has a market cap of $30.78 billion, a PE ratio of 37.04, a P/E/G ratio of 2.31 and a beta of 1.05. Xylem has a 52 week low of $102.67 and a 52 week high of $146.08. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL) last posted its earnings results on Thursday, October 31st. The industrial products company reported $1.11 EPS for the quarter, hitting analysts’ consensus estimates of $1.11. The business had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.99 earnings per share. As a group, equities research analysts anticipate that Xylem will post 4.23 EPS for the current year.

Xylem Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, November 26th will be given a dividend of $0.36 per share. The ex-dividend date is Tuesday, November 26th. This represents a $1.44 annualized dividend and a dividend yield of 1.14%. Xylem’s dividend payout ratio (DPR) is 42.11%.

Institutional Investors Weigh In On Xylem

Several large investors have recently modified their holdings of XYL. Lazard Asset Management LLC lifted its stake in Xylem by 2.5% during the first quarter. Lazard Asset Management LLC now owns 48,894 shares of the industrial products company’s stock valued at $6,318,000 after buying an additional 1,213 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Xylem by 0.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 325,496 shares of the industrial products company’s stock valued at $42,068,000 after acquiring an additional 1,732 shares in the last quarter. SVB Wealth LLC boosted its stake in Xylem by 14.3% in the 1st quarter. SVB Wealth LLC now owns 9,930 shares of the industrial products company’s stock worth $1,283,000 after purchasing an additional 1,241 shares during the period. Silvercrest Asset Management Group LLC grew its position in Xylem by 4.1% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 103,602 shares of the industrial products company’s stock worth $13,390,000 after purchasing an additional 4,058 shares in the last quarter. Finally, Virtus Investment Advisers Inc. acquired a new stake in Xylem during the 1st quarter valued at $216,000. 87.96% of the stock is owned by 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.