Xylem (NYSE:XYL) Price Target Cut to $125.00 by Analysts at TD Cowen

Xylem (NYSE:XYL) had its price objective cut by investment analysts at TD Cowen from $138.00 to $125.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has a “hold” rating on the industrial products company’s stock. TD Cowen’s target price suggests a potential upside of 1.12% from the company’s previous close.

A number of other equities analysts also recently commented on XYL. Robert W. Baird reduced their target price on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Royal Bank of Canada reduced 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. Stifel Nicolaus lifted their target price on shares of Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, UBS Group started coverage on shares of Xylem in a research note on Tuesday, August 13th. They set a “buy” rating and a $165.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.17.

Xylem Price Performance

Shares of NYSE:XYL traded up $1.35 during midday trading on Wednesday, hitting $123.61. The company’s stock had a trading volume of 759,697 shares, compared to its average volume of 1,187,269. The business’s 50 day simple moving average is $132.21 and its 200 day simple moving average is $135.16. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.96. The company has a market cap of $30.03 billion, a P/E ratio of 36.14, a price-to-earnings-growth ratio of 2.23 and a beta of 1.05. Xylem has a 12-month low of $95.35 and a 12-month high of $146.08.

Xylem (NYSE:XYL) last posted its quarterly 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 firm had revenue of $2.10 billion for 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 for the quarter was up .2% on a year-over-year basis. During the same period last year, the firm posted $0.99 earnings per share. On average, analysts forecast that Xylem will post 4.23 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Swedbank AB grew its holdings in shares of Xylem by 22.8% in the third quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company’s stock valued at $403,953,000 after purchasing an additional 554,609 shares in the last quarter. Mirova US LLC grew its holdings in Xylem by 2.0% during the 2nd quarter. Mirova US LLC now owns 1,876,618 shares of the industrial products company’s stock worth $254,526,000 after acquiring an additional 36,013 shares in the last quarter. Impax Asset Management Group plc grew its holdings in Xylem by 1.0% during the 3rd quarter. Impax Asset Management Group plc now owns 1,677,816 shares of the industrial products company’s stock worth $226,555,000 after acquiring an additional 15,825 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in Xylem by 2.2% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 1,665,090 shares of the industrial products company’s stock worth $227,364,000 after acquiring an additional 36,601 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in Xylem by 9.3% during the 3rd quarter. Victory Capital Management Inc. now owns 1,627,279 shares of the industrial products company’s stock worth $219,731,000 after acquiring an additional 137,883 shares in the last quarter. 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.