Citigroup Cuts Xylem (NYSE:XYL) Price Target to $134.00

Xylem (NYSE:XYL - Free Report) had its target price trimmed by Citigroup from $152.00 to $134.00 in a research report report published on Monday morning,Benzinga reports. The firm currently has a buy rating on the industrial products company's stock.

A number of other equities analysts have also recently issued reports on the stock. Robert W. Baird upped their price objective on shares of Xylem from $139.00 to $148.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 5th. Stifel Nicolaus reduced their price objective on Xylem from $166.00 to $150.00 and set a "buy" rating on the stock in a research report on Friday, January 24th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, Xylem presently has an average rating of "Moderate Buy" and a consensus price target of $147.33.

Xylem Price Performance

XYL traded up $1.34 on Monday, hitting $110.53. 2,154,926 shares of the stock were exchanged, compared to its average volume of 1,385,591. The business has a 50-day moving average of $120.60 and a two-hundred day moving average of $123.16. The firm has a market capitalization of $26.90 billion, a price-to-earnings ratio of 30.20, a PEG ratio of 2.33 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. Xylem has a 12 month low of $100.47 and a 12 month high of $146.08.

Xylem (NYSE:XYL - Get Free Report) last released 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 firm had revenue of $2.30 billion during the quarter, compared to analysts' expectations of $2.18 billion. During the same period in the prior year, the company earned $0.99 earnings per share. The company's quarterly revenue was up 8.6% on a year-over-year basis. Sell-side analysts forecast that Xylem will post 4.65 EPS for the current fiscal year.

Xylem Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.40 per share. This is a positive change from Xylem's previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.60 annualized dividend and a yield of 1.45%. Xylem's dividend payout ratio (DPR) is presently 43.72%.

Hedge Funds Weigh In On Xylem

Hedge funds have recently bought and sold shares of the company. Perkins Coie Trust Co bought a new position in shares of Xylem in the 1st quarter worth about $27,000. Lee Danner & Bass Inc. acquired a new stake in shares of Xylem during the 4th quarter worth approximately $30,000. Rialto Wealth Management LLC acquired a new position in shares of Xylem during the 4th quarter valued at $31,000. Heck Capital Advisors LLC bought a new position in Xylem during the fourth quarter worth $36,000. Finally, Pathway Financial Advisers LLC increased its stake in Xylem by 122.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 175 shares in the last quarter. Institutional investors own 87.96% of the company's stock.

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.