Xylem Inc. (NYSE:XYL) Given Consensus Recommendation of “Moderate Buy” by Analysts

Xylem Inc. (NYSE:XYL) has earned an average recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $152.10.

Several equities research analysts recently issued reports on XYL shares. Stifel Nicolaus dropped their price target on Xylem from $172.00 to $166.00 and set a “buy” rating on the stock in a research report on Wednesday, December 11th. Citigroup dropped their target price on shares of Xylem from $148.00 to $147.00 and set a “buy” rating on the stock in a report on Monday. Royal Bank of Canada reduced their price target on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Robert W. Baird lowered their price objective on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Finally, Wolfe Research reissued a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th.

Xylem Stock Up 1.4 %

Shares of NYSE:XYL opened at $115.64 on Tuesday. The firm has a market cap of $28.09 billion, a PE ratio of 33.81, a price-to-earnings-growth ratio of 2.22 and a beta of 1.06. The company has a fifty day simple moving average of $121.55 and a 200 day simple moving average of $129.20. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. Xylem has a 12-month low of $109.39 and a 12-month high of $146.08.

Xylem (NYSE:XYL) last released its earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, hitting the consensus estimate of $1.11. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.17 billion. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The company’s revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.99 EPS. On average, equities research analysts anticipate that Xylem will post 4.23 EPS for the current fiscal year.

Xylem Dividend Announcement

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 $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend was Tuesday, November 26th. Xylem’s dividend payout ratio is currently 42.11%.

Hedge Funds Weigh In On Xylem

Hedge funds have recently made changes to their positions in the business. Bangor Savings Bank increased its stake in 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 purchasing an additional 85 shares in the last quarter. Mark Sheptoff Financial Planning LLC acquired a new position in shares of Xylem in the second quarter worth about $33,000. Assetmark Inc. increased its position in shares of Xylem by 3,887.5% in the third quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 311 shares in the last quarter. Catalyst Capital Advisors LLC raised its holdings in shares of Xylem by 226.0% during the third quarter. Catalyst Capital Advisors LLC now owns 339 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 235 shares during the period. Finally, Redwood Wealth Management Group LLC acquired a new stake in shares of Xylem during the second quarter valued at approximately $47,000. Institutional investors and hedge funds 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.