Xylem (NYSE:XYL) Upgraded to “Buy” at Citigroup

Citigroup upgraded shares of Xylem (NYSE:XYL) from a neutral rating to a buy rating in a research report report published on Monday morning, MarketBeat.com reports. Citigroup currently has $148.00 price objective on the industrial products company’s stock, up from their previous price objective of $135.00.

A number of other equities analysts have also issued reports on XYL. TD Cowen reduced their target price on Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. UBS Group assumed coverage on Xylem in a report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price objective on the stock. Robert W. Baird decreased their price objective on Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, Royal Bank of Canada decreased their price target on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $150.45.

Xylem Stock Up 2.4 %

Shares of NYSE XYL opened at $129.35 on Monday. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $31.43 billion, a PE ratio of 37.82, a price-to-earnings-growth ratio of 2.33 and a beta of 1.05. The stock’s fifty day simple moving average is $128.56 and its two-hundred day simple moving average is $132.93. Xylem has a 12-month low of $106.24 and a 12-month high of $146.08.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.11. The firm had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.17 billion. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the firm earned $0.99 EPS. As a group, analysts expect that Xylem will post 4.23 EPS for the current fiscal year.

Xylem Announces Dividend

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 $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Tuesday, November 26th. Xylem’s payout ratio is currently 42.11%.

Institutional Trading of Xylem

A number of hedge funds and other institutional investors have recently bought and sold shares of XYL. Cetera Advisors LLC raised its stake in Xylem by 138.5% in the first quarter. Cetera Advisors LLC now owns 4,770 shares of the industrial products company’s stock valued at $616,000 after buying an additional 2,770 shares in the last quarter. Wedmont Private Capital raised its stake in Xylem by 6.6% in the second quarter. Wedmont Private Capital now owns 2,160 shares of the industrial products company’s stock valued at $299,000 after buying an additional 134 shares in the last quarter. Great Valley Advisor Group Inc. grew its holdings in shares of Xylem by 9.6% during the second quarter. Great Valley Advisor Group Inc. now owns 3,482 shares of the industrial products company’s stock worth $472,000 after purchasing an additional 305 shares during the last quarter. Ferguson Wellman Capital Management Inc. purchased a new position in shares of Xylem during the second quarter worth about $211,000. Finally, Welch Group LLC grew its holdings in shares of Xylem by 69.6% during the second quarter. Welch Group LLC now owns 7,800 shares of the industrial products company’s stock worth $1,058,000 after purchasing an additional 3,200 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

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.