Xylem (NYSE:XYL) Cut to “Hold” at Citigroup

Citigroup cut shares of Xylem (NYSE:XYL) from a strong-buy rating to a hold rating in a research note issued to investors on Wednesday,Zacks.com reports.

Several other brokerages have also recently issued reports on XYL. Wolfe Research reiterated a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Robert W. Baird increased their target price on Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a report on Wednesday. Royal Bank of Canada dropped their price target on Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Stifel Nicolaus decreased their target price on shares of Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Finally, TD Cowen dropped their target price on shares of Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $149.90.

Xylem Stock Down 0.2 %

XYL stock opened at $131.11 on Wednesday. Xylem has a twelve month low of $113.26 and a twelve month high of $146.08. The company has a market cap of $31.85 billion, a price-to-earnings ratio of 35.82, a P/E/G ratio of 2.36 and a beta of 1.07. The company has a quick ratio of 1.42, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. The business has a 50 day moving average price of $120.95 and a two-hundred day moving average price of $127.55.

Xylem (NYSE:XYL) last released its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.06. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same period last year, the firm posted $0.99 earnings per share. The business’s revenue was up 8.6% on a year-over-year basis. Analysts anticipate that Xylem will post 4.66 EPS for the current fiscal year.

Xylem Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th will be paid a $0.40 dividend. This is an increase from Xylem’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, February 18th. This represents a $1.60 annualized dividend and a yield of 1.22%. Xylem’s dividend payout ratio is presently 39.34%.

Institutional Trading of Xylem

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. First Trust Direct Indexing L.P. grew its position in Xylem by 0.9% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 9,070 shares of the industrial products company’s stock worth $1,225,000 after acquiring an additional 78 shares during the last quarter. Angeles Wealth Management LLC boosted its stake in shares of Xylem by 3.6% during the third quarter. Angeles Wealth Management LLC now owns 2,462 shares of the industrial products company’s stock valued at $332,000 after purchasing an additional 86 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Xylem by 6.6% during the third quarter. Farther Finance Advisors LLC now owns 1,412 shares of the industrial products company’s stock worth $191,000 after purchasing an additional 87 shares during the last quarter. Clear Creek Financial Management LLC increased its stake in shares of Xylem by 4.3% in the fourth quarter. Clear Creek Financial Management LLC now owns 2,315 shares of the industrial products company’s stock valued at $269,000 after buying an additional 96 shares during the period. Finally, Bleakley Financial Group LLC raised its holdings in Xylem by 2.3% in the 4th quarter. Bleakley Financial Group LLC now owns 4,359 shares of the industrial products company’s stock valued at $506,000 after buying an additional 96 shares during 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.