Xylem (NYSE:XYL) Given New $148.00 Price Target at Robert W. Baird

Xylem (NYSE:XYL) had its price target hoisted by Robert W. Baird from $139.00 to $148.00 in a research note published on Wednesday morning,Benzinga reports. They currently have an outperform rating on the industrial products company’s stock.

Several other brokerages 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 on the stock in a research report on Wednesday, November 6th. Wolfe Research reiterated a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Stifel Nicolaus cut their target price on Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Royal Bank of Canada lowered their price target on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, Citigroup dropped their price objective on Xylem from $148.00 to $147.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Xylem presently has a consensus rating of “Moderate Buy” and an average price target of $149.90.

Xylem Trading Up 0.3 %

Xylem stock opened at $129.62 on Wednesday. The business has a 50 day moving average price of $120.74 and a two-hundred day moving average price of $127.58. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 0.19. Xylem has a 12 month low of $113.26 and a 12 month high of $146.08. The stock has a market cap of $31.49 billion, a price-to-earnings ratio of 37.90, a price-to-earnings-growth ratio of 2.11 and a beta of 1.07.

Xylem (NYSE:XYL) last issued its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.06. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same period in the prior year, the company posted $0.99 earnings per share. Xylem’s revenue was up 8.6% on a year-over-year basis. As a group, equities analysts forecast that Xylem will post 4.22 EPS for the current year.

Xylem Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.23%. This is a boost from Xylem’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, February 18th. Xylem’s payout ratio is currently 42.11%.

Institutional Investors Weigh In On Xylem

A number of hedge funds have recently added to or reduced their stakes in XYL. Cetera Investment Advisers increased its holdings in shares of Xylem by 3.0% in the second quarter. Cetera Investment Advisers now owns 28,244 shares of the industrial products company’s stock valued at $3,831,000 after purchasing an additional 832 shares in the last quarter. Czech National Bank boosted its position in Xylem by 7.1% in the 3rd quarter. Czech National Bank now owns 49,479 shares of the industrial products company’s stock valued at $6,681,000 after buying an additional 3,279 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Xylem by 32.0% during the third quarter. GAMMA Investing LLC now owns 3,692 shares of the industrial products company’s stock worth $499,000 after acquiring an additional 894 shares during the last quarter. Diversified Trust Co lifted its stake in shares of Xylem by 17.8% during the third quarter. Diversified Trust Co now owns 12,673 shares of the industrial products company’s stock valued at $1,711,000 after acquiring an additional 1,911 shares during the period. Finally, Bangor Savings Bank boosted its holdings in Xylem by 56.7% in the third quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 85 shares during 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.