Xylem’s (XYL) “Peer Perform” Rating Reiterated at Wolfe Research

Wolfe Research reiterated their peer perform rating on shares of Xylem (NYSE:XYL) in a report released on Thursday, MarketBeat.com reports.

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

Xylem Stock Down 0.4 %

XYL stock opened at $120.60 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.96 and a quick ratio of 1.42. Xylem has a 1-year low of $109.38 and a 1-year high of $146.08. The stock has a market capitalization of $29.30 billion, a P/E ratio of 35.26, a P/E/G ratio of 2.22 and a beta of 1.05. The business has a fifty day moving average price of $127.72 and a 200-day moving average price of $132.45.

Xylem (NYSE:XYL) last issued its earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.11. The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.17 billion. Xylem had a return on equity of 9.61% and a net margin of 9.85%. Xylem’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. Equities analysts forecast that Xylem will post 4.23 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, November 26th will be given a dividend of $0.36 per share. The ex-dividend date is Tuesday, November 26th. This represents a $1.44 annualized dividend and a dividend yield of 1.19%. Xylem’s payout ratio is 42.11%.

Institutional Trading of Xylem

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bangor Savings Bank grew its holdings in Xylem by 56.7% during the 3rd quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock valued at $32,000 after buying an additional 85 shares in the last quarter. Mark Sheptoff Financial Planning LLC bought a new position in shares of Xylem during the second quarter worth $33,000. Blue Trust Inc. grew its stake in Xylem by 1,185.7% during the second quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 249 shares in the last quarter. Assetmark Inc. increased its holdings in Xylem by 3,887.5% in the 3rd quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 311 shares during the last quarter. Finally, Catalyst Capital Advisors LLC lifted its stake in Xylem by 226.0% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 339 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 235 shares in 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.