Xylem Inc. (NYSE:XYL) Receives Average Recommendation of “Moderate Buy” from Analysts

Xylem Inc. (NYSE:XYL) has been assigned an average rating of “Moderate Buy” from the ten analysts that are presently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $149.89.

A number of equities analysts recently issued reports on XYL shares. Wolfe Research reaffirmed a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Citigroup cut shares of Xylem from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 5th. Stifel Nicolaus cut their price target on shares of Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Finally, Robert W. Baird upped their price objective on shares of Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th.

Hedge Funds Weigh In On Xylem

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Brooklyn Investment Group purchased a new stake in shares of Xylem during the third quarter worth approximately $55,000. Glenmede Trust Co. NA raised its position in Xylem by 3.4% during the 3rd quarter. Glenmede Trust Co. NA now owns 18,399 shares of the industrial products company’s stock worth $2,484,000 after buying an additional 605 shares during the last quarter. Public Sector Pension Investment Board lifted its stake in shares of Xylem by 12.8% in the 3rd quarter. Public Sector Pension Investment Board now owns 10,610 shares of the industrial products company’s stock worth $1,433,000 after acquiring an additional 1,200 shares during the period. Erste Asset Management GmbH acquired a new stake in shares of Xylem in the 3rd quarter worth $68,593,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of Xylem in the 3rd quarter worth $131,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Xylem Stock Performance

Shares of Xylem stock opened at $119.42 on Friday. The business has a 50-day simple moving average of $125.70 and a 200-day simple moving average of $125.88. The company has a market cap of $29.02 billion, a PE ratio of 32.63, a P/E/G ratio of 2.33 and a beta of 1.08. Xylem has a one year low of $113.26 and a one year high of $146.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.06. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.18 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.99 EPS. On average, equities research analysts forecast that Xylem will post 4.65 EPS for the current fiscal year.

Xylem Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.40 per share. This is an increase from Xylem’s previous quarterly dividend of $0.36. The ex-dividend date was Tuesday, February 18th. This represents a $1.60 annualized dividend and a dividend yield of 1.34%. Xylem’s dividend payout ratio is 43.72%.

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.