Xylem (NYSE:XYL) Upgraded at Raymond James

Xylem (NYSE:XYL) was upgraded by stock analysts at Raymond James to a “hold” rating in a research report issued on Thursday,Zacks.com reports.

Other equities research analysts have also issued research reports about the company. Stifel Nicolaus lifted their price objective on Xylem from $140.00 to $141.00 and gave the stock a “buy” rating in a report on Wednesday, April 30th. Citigroup decreased their price objective on Xylem from $152.00 to $134.00 and set a “buy” rating for the company in a report on Monday, April 14th. Robert W. Baird decreased their price objective on Xylem from $149.00 to $146.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th. Finally, Royal Bank of Canada lifted their price objective on Xylem from $143.00 to $147.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $146.88.

Xylem Trading Up 1.1%

Shares of Xylem stock opened at $128.04 on Thursday. Xylem has a 1 year low of $100.47 and a 1 year high of $146.08. The firm has a market cap of $31.16 billion, a PE ratio of 34.98, a P/E/G ratio of 2.33 and a beta of 1.10. The stock has a fifty day moving average price of $117.18 and a 200-day moving average price of $121.41. 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 (NYSE:XYL) last announced its earnings results on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.08. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same period last year, the firm posted $0.90 EPS. The business’s revenue was up 1.8% compared to the same quarter last year. Equities research analysts anticipate that Xylem will post 4.65 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Valley National Advisers Inc. increased its stake in Xylem by 84.9% in the 1st quarter. Valley National Advisers Inc. now owns 220 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 101 shares during the last quarter. Perkins Coie Trust Co purchased a new position in shares of Xylem during the first quarter worth about $27,000. Lee Danner & Bass Inc. bought a new position in shares of Xylem in the fourth quarter worth approximately $30,000. Rialto Wealth Management LLC purchased a new stake in Xylem in the fourth quarter valued at approximately $31,000. Finally, Center for Financial Planning Inc. lifted its position in Xylem by 52.0% during the first quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 91 shares during the last quarter. 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.