Xylem (NYSE:XYL) Given Peer Perform Rating at Wolfe Research

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

Several other brokerages also recently commented on XYL. TD Cowen reduced their target price on Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a report 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 on the stock in a research note on Friday, November 1st. Citigroup upgraded Xylem from a “neutral” rating to a “buy” rating and raised their target price for the company from $135.00 to $148.00 in a research note on Monday. Stifel Nicolaus reduced their price target on shares of Xylem from $172.00 to $166.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Robert W. Baird lowered their price objective 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. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $149.91.

Xylem Stock Performance

NYSE:XYL opened at $120.98 on Thursday. The firm’s 50-day moving average is $127.98 and its 200-day moving average is $132.67. The company has a market cap of $29.39 billion, a price-to-earnings ratio of 35.40, a PEG ratio of 2.27 and a beta of 1.05. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.96. Xylem has a 52-week low of $109.38 and a 52-week high of $146.08.

Xylem (NYSE:XYL) last announced its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.11. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the previous year, the firm posted $0.99 EPS. The business’s revenue for the quarter was up .2% on a year-over-year basis. Equities research analysts anticipate that Xylem will post 4.23 earnings per share for the current year.

Xylem Dividend Announcement

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

Institutional Trading of Xylem

A number of large investors have recently added to or reduced their stakes in the company. City Holding Co. raised its holdings in shares of Xylem by 3.8% in the 3rd quarter. City Holding Co. now owns 2,071 shares of the industrial products company’s stock valued at $280,000 after purchasing an additional 75 shares during the period. First Trust Direct Indexing L.P. raised its stake in Xylem by 0.9% in the third quarter. First Trust Direct Indexing L.P. now owns 9,070 shares of the industrial products company’s stock valued at $1,225,000 after buying an additional 78 shares during the period. Addison Advisors LLC boosted its stake in shares of Xylem by 5.8% during the 2nd quarter. Addison Advisors LLC now owns 1,486 shares of the industrial products company’s stock worth $202,000 after acquiring an additional 82 shares during the period. Bangor Savings Bank increased its holdings 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 during the last quarter. Finally, Angeles Wealth Management LLC raised its stake in Xylem by 3.6% in the 3rd 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 period. 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.