Xylem (NYSE:XYL) Price Target Cut to $134.00 by Analysts at Citigroup

Xylem (NYSE:XYL) had its target price reduced by Citigroup from $152.00 to $134.00 in a report published on Monday morning,Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

XYL has been the subject of a number of other reports. Robert W. Baird upped their price objective on shares of Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Stifel Nicolaus lowered their target price on Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $148.44.

Xylem Trading Up 0.7 %

Shares of Xylem stock opened at $109.81 on Monday. Xylem has a 52 week low of $100.47 and a 52 week high of $146.08. The stock has a 50 day moving average price of $122.33 and a two-hundred day moving average price of $123.77. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. The stock has a market capitalization of $26.72 billion, a PE ratio of 30.00, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08.

Xylem (NYSE:XYL) last posted its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.12 by $0.06. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.18 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.99 earnings per share. As a group, equities analysts anticipate that Xylem will post 4.65 earnings per share for the current fiscal year.

Xylem Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th were paid a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.60 annualized dividend and a yield of 1.46%. This is a positive change from Xylem’s previous quarterly dividend of $0.36. Xylem’s dividend payout ratio is currently 43.72%.

Institutional Investors Weigh In On Xylem

Large investors have recently added to or reduced their stakes in the company. Perkins Coie Trust Co bought a new stake in shares of Xylem during the first quarter valued at approximately $27,000. Lee Danner & Bass Inc. bought a new position in Xylem during the 4th quarter valued at approximately $30,000. Rialto Wealth Management LLC purchased a new position in Xylem during the fourth quarter valued at $31,000. Heck Capital Advisors LLC purchased a new stake in shares of Xylem in the fourth quarter worth $36,000. Finally, SRS Capital Advisors Inc. raised its position in shares of Xylem by 69.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 130 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.