Xylem (NYSE:XYL) Price Target Raised to $147.00

Xylem (NYSE:XYL) had its price objective hoisted by Royal Bank of Canada from $143.00 to $147.00 in a report issued on Wednesday,Benzinga reports. Royal Bank of Canada currently has an outperform rating on the industrial products company’s stock.

Other research analysts have also issued research reports about the stock. Robert W. Baird decreased their price target on shares of Xylem from $149.00 to $146.00 and set an “outperform” rating on the stock in a research note on Wednesday. Stifel Nicolaus upped their target price on Xylem from $140.00 to $141.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Citigroup dropped their price target on Xylem from $152.00 to $134.00 and set a “buy” rating for the company in a report on Monday, April 14th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Xylem has an average rating of “Moderate Buy” and an average price target of $145.56.

Xylem Price Performance

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

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

Xylem Increases Dividend

The business also recently disclosed 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. This represents a $1.60 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend was Tuesday, February 18th. This is a positive change from Xylem’s previous quarterly dividend of $0.36. Xylem’s dividend payout ratio (DPR) is 43.01%.

Institutional Trading of Xylem

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

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.