Xylem (NYSE:XYL - Free Report) had its target price lowered by Citigroup from $148.00 to $147.00 in a report released on Monday,Benzinga reports. The firm currently has a buy rating on the industrial products company's stock.
A number of other research firms have also weighed in on XYL. Stifel Nicolaus cut their price objective on shares of Xylem from $172.00 to $166.00 and set a "buy" rating for the company in a research report on Wednesday, December 11th. Royal Bank of Canada lowered their price objective on Xylem from $163.00 to $162.00 and set an "outperform" rating for the company in a research report on Friday, November 1st. Robert W. Baird decreased their price target on Xylem from $175.00 to $154.00 and set an "outperform" rating on the stock in a research note on Friday, November 1st. TD Cowen dropped their price objective on shares of Xylem from $138.00 to $125.00 and set a "hold" rating for the company in a research note on Wednesday, November 6th. Finally, Wolfe Research reaffirmed a "peer perform" rating on shares of Xylem in a research report on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $152.10.
Read Our Latest Stock Analysis on XYL
Xylem Price Performance
Shares of XYL traded up $1.62 during trading hours on Monday, reaching $115.64. The company had a trading volume of 1,154,322 shares, compared to its average volume of 1,142,042. Xylem has a 12-month low of $109.39 and a 12-month 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. The company has a market capitalization of $28.09 billion, a price-to-earnings ratio of 33.81, a PEG ratio of 2.22 and a beta of 1.06. The firm has a 50 day simple moving average of $121.55 and a 200-day simple moving average of $129.20.
Xylem (NYSE:XYL - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.11. The firm had revenue of $2.10 billion during the quarter, compared to analysts' expectations of $2.17 billion. Xylem had a return on equity of 9.61% and a net margin of 9.85%. Xylem's revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.99 earnings per share. Research analysts expect that Xylem will post 4.23 earnings per share for the current year.
Xylem Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th were issued a $0.36 dividend. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a $1.44 dividend on an annualized basis and a yield of 1.25%. Xylem's dividend payout ratio is currently 42.11%.
Institutional Trading of Xylem
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bangor Savings Bank raised its position in shares of Xylem by 56.7% in the 3rd quarter. Bangor Savings Bank now owns 235 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 85 shares in the last quarter. Mark Sheptoff Financial Planning LLC acquired a new stake in Xylem in the second quarter valued at $33,000. Assetmark Inc. boosted its stake in Xylem by 3,887.5% during the 3rd quarter. Assetmark Inc. now owns 319 shares of the industrial products company's stock valued at $43,000 after acquiring an additional 311 shares during the last quarter. Versant Capital Management Inc grew its holdings in Xylem by 318.2% during the 4th quarter. Versant Capital Management Inc now owns 368 shares of the industrial products company's stock worth $43,000 after acquiring an additional 280 shares in the last quarter. Finally, Catalyst Capital Advisors LLC increased its position in shares of Xylem by 226.0% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 339 shares of the industrial products company's stock worth $46,000 after purchasing an additional 235 shares during the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.
About Xylem
(
Get Free Report)
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.
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