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

Shares of Xylem Inc. (NYSE:XYL) have received a consensus rating of “Moderate Buy” from the eleven analysts that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $149.90.

Several brokerages have commented on XYL. Wolfe Research reiterated a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. TD Cowen dropped their price objective on Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. Robert W. Baird boosted their target price on Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a research report on Wednesday. Royal Bank of Canada lowered their target price on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Finally, Citigroup decreased their price objective on shares of Xylem from $148.00 to $147.00 and set a “buy” rating for the company in a report on Monday, January 13th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Czech National Bank raised its holdings in Xylem by 7.1% in the 3rd quarter. Czech National Bank now owns 49,479 shares of the industrial products company’s stock worth $6,681,000 after purchasing an additional 3,279 shares during the period. CWM LLC grew its stake in shares of Xylem by 1.8% during the 3rd quarter. CWM LLC now owns 8,255 shares of the industrial products company’s stock valued at $1,115,000 after acquiring an additional 145 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Xylem by 331.3% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,890 shares of the industrial products company’s stock worth $390,000 after acquiring an additional 2,220 shares in the last quarter. First Affirmative Financial Network bought a new stake in Xylem during the 3rd quarter worth approximately $287,000. Finally, Evexia Wealth LLC lifted its holdings in Xylem by 29.8% during the third quarter. Evexia Wealth LLC now owns 5,083 shares of the industrial products company’s stock valued at $681,000 after purchasing an additional 1,168 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Xylem Stock Performance

Shares of Xylem stock opened at $131.11 on Friday. Xylem has a 1 year low of $113.26 and a 1 year high of $146.08. The firm’s 50-day moving average is $120.95 and its 200 day moving average is $127.55. The stock has a market cap of $31.85 billion, a price-to-earnings ratio of 38.34, a PEG ratio of 2.11 and a beta of 1.07. 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 issued its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.06. The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.18 billion. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The business’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.99 earnings per share. Sell-side analysts anticipate that Xylem will post 4.22 EPS for the current fiscal year.

Xylem Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.40 per share. This is a boost from Xylem’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Tuesday, February 18th. Xylem’s dividend payout ratio is currently 42.11%.

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.