Xylem (NYSE:XYL) Price Target Raised to $141.00

Xylem (NYSE:XYL) had its target price lifted by Stifel Nicolaus from $140.00 to $141.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the industrial products company’s stock.

Several other brokerages also recently commented on XYL. Citigroup dropped their price target on Xylem from $152.00 to $134.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Robert W. Baird cut their target price on shares of Xylem from $149.00 to $146.00 and set an “outperform” rating for the company in a research note on Wednesday. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $145.56.

Xylem Price Performance

Shares of Xylem stock opened at $124.30 on Wednesday. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. The firm has a fifty day simple moving average of $118.02 and a 200-day simple moving average of $121.96. The stock has a market capitalization of $30.25 billion, a price-to-earnings ratio of 33.96, a PEG ratio of 2.33 and a beta of 1.08. Xylem has a 1-year low of $100.47 and a 1-year high of $146.08.

Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.08. The company had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.90 earnings per share. On average, sell-side analysts expect that Xylem will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

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

Hedge Funds Weigh In On Xylem

A number of hedge funds have recently made changes to their positions in XYL. Dempze Nancy E increased its stake in Xylem by 0.3% in the fourth 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 period. Townsquare Capital LLC lifted 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 worth $1,285,000 after purchasing an additional 88 shares during the period. Center for Financial Planning Inc. boosted its holdings in Xylem by 52.0% during the first quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 91 shares in the last quarter. Keel Point LLC grew its stake 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 valued at $275,000 after purchasing an additional 93 shares during the period. Finally, Clear Creek Financial Management LLC raised 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 worth $269,000 after buying an additional 96 shares in the last quarter. 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.