Xylem (NYSE:XYL) Price Target Cut to $147.00 by Analysts at Citigroup

Xylem (NYSE:XYL) had its price objective decreased by Citigroup from $148.00 to $147.00 in a research note issued to investors on Monday,Benzinga reports. Citigroup currently has a buy rating on the industrial products company’s stock.

Several other research firms also recently commented on XYL. TD Cowen dropped their target price on Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Wolfe Research reiterated a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Stifel Nicolaus cut their price target on shares of Xylem from $172.00 to $166.00 and set a “buy” rating on the stock in a report on Wednesday, December 11th. Royal Bank of Canada decreased their price objective on Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Finally, Robert W. Baird cut their target price on Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Xylem currently has a consensus rating of “Moderate Buy” and an average price target of $152.10.

Xylem Stock Performance

Shares of XYL opened at $115.64 on Monday. The company 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 firm has a 50-day moving average of $121.55 and a 200-day moving average of $129.20. Xylem has a one year low of $109.39 and a one year high of $146.08. 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 (NYSE:XYL) last announced its earnings results on Thursday, October 31st. The industrial products company reported $1.11 EPS for the quarter, hitting the consensus estimate of $1.11. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the previous year, the firm posted $0.99 EPS. Xylem’s revenue was up .2% compared to the same quarter last year. As a group, equities analysts forecast that Xylem will post 4.23 earnings per share for the current year.

Xylem Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.25%. The ex-dividend date was Tuesday, November 26th. Xylem’s payout ratio is currently 42.11%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. City Holding Co. raised its holdings in Xylem by 3.8% in the third quarter. City Holding Co. now owns 2,071 shares of the industrial products company’s stock worth $280,000 after purchasing an additional 75 shares in the last quarter. First Trust Direct Indexing L.P. grew its position in shares of Xylem by 0.9% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 9,070 shares of the industrial products company’s stock worth $1,225,000 after buying an additional 78 shares during the last quarter. Bangor Savings Bank raised its stake in shares of Xylem by 56.7% during 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. Angeles Wealth Management LLC lifted its position in Xylem by 3.6% during the third 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. Finally, Farther Finance Advisors LLC boosted its stake in Xylem by 6.6% in the third quarter. Farther Finance Advisors LLC now owns 1,412 shares of the industrial products company’s stock valued at $191,000 after acquiring an additional 87 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.