Robert W. Baird Cuts Xylem (NYSE:XYL) Price Target to $146.00

Xylem (NYSE:XYL) had its price objective lowered by Robert W. Baird from $149.00 to $146.00 in a research report report published on Wednesday morning,Benzinga reports. Robert W. Baird currently has an outperform rating on the industrial products company’s stock.

A number of other research firms have also issued reports on XYL. Citigroup lowered their target price on Xylem from $152.00 to $134.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Stifel Nicolaus lowered their price objective on shares of Xylem from $150.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Xylem presently has an average rating of “Moderate Buy” and an average target price of $145.56.

Xylem Stock Performance

Shares of NYSE:XYL opened at $124.30 on Wednesday. The firm has a market capitalization of $30.25 billion, a PE ratio of 33.96, a P/E/G ratio of 2.33 and a beta of 1.08. Xylem has a 12 month low of $100.47 and a 12 month high of $146.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. The business has a 50-day moving average of $118.02 and a two-hundred day moving average of $121.96.

Xylem (NYSE:XYL) last posted its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.95 by $0.08. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same quarter last year, the firm posted $0.90 earnings per share. Xylem’s revenue for the quarter was up 1.8% compared to the same quarter last year. As a group, research analysts forecast that Xylem will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.29%. This is an increase from Xylem’s previous quarterly dividend of $0.36. Xylem’s dividend payout ratio (DPR) is presently 43.01%.

Institutional Trading of Xylem

Institutional investors have recently added to or reduced their stakes in the stock. Dempze Nancy E increased its holdings in shares of Xylem by 0.3% in the 4th quarter. Dempze Nancy E now owns 25,761 shares of the industrial products company’s stock valued at $2,989,000 after acquiring an additional 88 shares during the last quarter. Townsquare Capital LLC increased its stake in Xylem by 0.8% during the fourth quarter. Townsquare Capital LLC now owns 11,074 shares of the industrial products company’s stock valued at $1,285,000 after purchasing an additional 88 shares during the last quarter. Center for Financial Planning Inc. raised its holdings in shares of Xylem by 52.0% during the first quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 91 shares during the period. Keel Point LLC lifted its position in shares of Xylem by 4.1% in the 4th quarter. Keel Point LLC now owns 2,371 shares of the industrial products company’s stock worth $275,000 after buying an additional 93 shares during the last quarter. Finally, Clear Creek Financial Management LLC boosted its holdings in shares of Xylem by 4.3% in the 4th quarter. Clear Creek Financial Management LLC now owns 2,315 shares of the industrial products company’s stock valued at $269,000 after buying an additional 96 shares during the period. 87.96% of the stock is 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.