Brokerages Set Xylem Inc. (NYSE:XYL) Price Target at $152.10

Shares of Xylem Inc. (NYSE:XYL) have been given a consensus recommendation of “Moderate Buy” by the eleven brokerages that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $152.10.

Several analysts recently weighed in on XYL shares. Wolfe Research restated a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Citigroup decreased their target price on Xylem from $148.00 to $147.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Stifel Nicolaus cut their price target on Xylem from $172.00 to $166.00 and set a “buy” rating for the company in a research note on Wednesday, December 11th. TD Cowen cut their price objective on Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Finally, Robert W. Baird dropped their price target on Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a research report on Friday, November 1st.

Xylem Price Performance

Shares of NYSE XYL opened at $119.84 on Tuesday. Xylem has a 1-year low of $109.70 and a 1-year high of $146.08. The stock has a fifty day simple moving average of $121.08 and a two-hundred day simple moving average of $128.80. 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 firm has a market cap of $29.11 billion, a price-to-earnings ratio of 35.04, a price-to-earnings-growth ratio of 1.89 and a beta of 1.06.

Xylem (NYSE:XYL) last issued its quarterly earnings results 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. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the previous year, the company posted $0.99 earnings per share. The company’s revenue was up .2% compared to the same quarter last year. Analysts anticipate that Xylem will post 4.23 earnings per share for the current year.

Xylem Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, November 26th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend was Tuesday, November 26th. Xylem’s dividend payout ratio is presently 42.11%.

Institutional Trading of Xylem

Institutional investors and hedge funds have recently modified their holdings of the stock. City Holding Co. grew its holdings in Xylem by 3.8% in the third quarter. City Holding Co. now owns 2,071 shares of the industrial products company’s stock worth $280,000 after purchasing an additional 75 shares during the last quarter. First Trust Direct Indexing L.P. lifted its position in Xylem by 0.9% during the third quarter. First Trust Direct Indexing L.P. now owns 9,070 shares of the industrial products company’s stock valued at $1,225,000 after purchasing an additional 78 shares during the period. Bangor Savings Bank raised its position in shares of Xylem by 56.7% in the third quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 85 shares during the period. Angeles Wealth Management LLC raised its position in shares of Xylem by 3.6% in the third quarter. Angeles Wealth Management LLC now owns 2,462 shares of the industrial products company’s stock worth $332,000 after acquiring an additional 86 shares during the period. Finally, Farther Finance Advisors LLC raised its position in shares of Xylem by 6.6% in the third quarter. Farther Finance Advisors LLC now owns 1,412 shares of the industrial products company’s stock worth $191,000 after acquiring an additional 87 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.