Wolfe Research Reiterates “Peer Perform” Rating for Xylem (NYSE:XYL)

Xylem (NYSE:XYL)‘s stock had its “peer perform” rating reiterated by research analysts at Wolfe Research in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports.

A number of other research firms also recently commented on XYL. Stifel Nicolaus dropped their price objective on Xylem from $172.00 to $166.00 and set a “buy” rating for the company in a report on Wednesday. Citigroup upgraded Xylem from a “neutral” rating to a “buy” rating and upped their price target for the stock from $135.00 to $148.00 in a research note on Monday, December 9th. TD Cowen reduced their price objective on Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. Royal Bank of Canada dropped their target price on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Finally, Robert W. Baird decreased their price objective on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Xylem currently has an average rating of “Moderate Buy” and an average target price of $152.20.

Xylem Stock Performance

Shares of XYL opened at $120.60 on Thursday. The company’s 50 day simple moving average is $127.72 and its 200 day simple moving average is $132.51. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.96. The company has a market capitalization of $29.30 billion, a price-to-earnings ratio of 35.26, a PEG ratio of 2.27 and a beta of 1.05. Xylem has a 1 year low of $109.38 and a 1 year high of $146.08.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 EPS for the quarter, meeting analysts’ consensus estimates of $1.11. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the prior year, the company posted $0.99 EPS. The company’s quarterly revenue was up .2% compared to the same quarter last year. On average, sell-side analysts predict that Xylem will post 4.23 EPS for the current year.

Institutional Trading of Xylem

A number of hedge funds and other institutional investors have recently made changes to their positions in XYL. City Holding Co. raised its stake in shares of Xylem by 3.8% in the 3rd quarter. City Holding Co. now owns 2,071 shares of the industrial products company’s stock valued at $280,000 after purchasing an additional 75 shares in the last quarter. First Trust Direct Indexing L.P. raised its stake 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 buying an additional 78 shares in the last quarter. Addison Advisors LLC lifted its holdings in Xylem by 5.8% during the 2nd quarter. Addison Advisors LLC now owns 1,486 shares of the industrial products company’s stock worth $202,000 after buying an additional 82 shares during the last quarter. Bangor Savings Bank grew 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 worth $32,000 after acquiring an additional 85 shares in the last quarter. Finally, Angeles Wealth Management LLC increased its holdings in shares of Xylem by 3.6% in the 3rd quarter. Angeles Wealth Management LLC now owns 2,462 shares of the industrial products company’s stock valued at $332,000 after acquiring an additional 86 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.