Xylem (NYSE:XYL) Sets New 52-Week Low - Here's Why

Xylem Inc. (NYSE:XYL - Get Free Report) reached a new 52-week low during trading on Thursday . The company traded as low as $112.44 and last traded at $112.84, with a volume of 535967 shares traded. The stock had previously closed at $119.05.

Wall Street Analyst Weigh In

XYL has been the subject of several research analyst reports. Stifel Nicolaus cut their price objective on Xylem from $166.00 to $150.00 and set a "buy" rating for the company in a research report on Friday, January 24th. Wolfe Research restated a "peer perform" rating on shares of Xylem in a research report on Thursday, December 12th. Robert W. Baird upped their price objective on Xylem from $139.00 to $148.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. Finally, Citigroup downgraded Xylem from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $149.89.

Xylem Price Performance

The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $25.01 billion, a P/E ratio of 28.08, a P/E/G ratio of 2.33 and a beta of 1.08. The company has a 50 day moving average price of $123.93 and a 200 day moving average price of $124.63.

Xylem (NYSE:XYL - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.12 by $0.06. The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.18 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The company's quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.99 earnings per share. On average, equities analysts predict that Xylem Inc. will post 4.65 EPS for the current fiscal year.

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Xylem Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.56%. This is a positive change from Xylem's previous quarterly dividend of $0.36. The ex-dividend date was Tuesday, February 18th. Xylem's dividend payout ratio (DPR) is currently 43.72%.

Institutional Trading of Xylem

A number of institutional investors have recently bought and sold shares of the business. Nordea Investment Management AB boosted its stake in shares of Xylem by 24.6% in the fourth quarter. Nordea Investment Management AB now owns 26,798 shares of the industrial products company's stock valued at $3,125,000 after buying an additional 5,286 shares during the period. MML Investors Services LLC lifted its position in shares of Xylem by 66.9% during the 3rd quarter. MML Investors Services LLC now owns 15,935 shares of the industrial products company's stock valued at $2,152,000 after acquiring an additional 6,386 shares during the period. Swedbank AB grew its holdings in shares of Xylem by 23.1% during the 4th quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company's stock worth $427,325,000 after purchasing an additional 691,618 shares in the last quarter. Groupama Asset Managment increased its position in shares of Xylem by 89.6% in the third quarter. Groupama Asset Managment now owns 16,340 shares of the industrial products company's stock worth $2,206,000 after purchasing an additional 7,723 shares during the period. Finally, Benson Investment Management Company Inc. bought a new position in shares of Xylem in the fourth quarter worth $5,094,000. 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.