Xylem (NYSE:XYL) Upgraded at Raymond James

Raymond James upgraded shares of Xylem (NYSE:XYL) to a hold rating in a report published on Thursday,Zacks.com reports.

A number of other research analysts have also weighed in on XYL. Robert W. Baird cut their price objective on Xylem from $149.00 to $146.00 and set an “outperform” rating for the company in a research report on Wednesday, April 30th. Citigroup cut their price objective on Xylem from $152.00 to $134.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Stifel Nicolaus raised their price objective on Xylem from $140.00 to $141.00 and gave the company a “buy” rating in a research report on Wednesday, April 30th. Finally, Royal Bank of Canada raised their price objective on Xylem from $143.00 to $147.00 and gave the company an “outperform” rating in a research report on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $146.88.

Xylem Trading Up 1.1%

Shares of XYL stock opened at $128.04 on Thursday. Xylem has a 52-week low of $100.47 and a 52-week high of $146.08. 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 firm has a market capitalization of $31.16 billion, a PE ratio of 34.98, a PEG ratio of 2.33 and a beta of 1.10. The stock has a fifty day simple moving average of $117.18 and a two-hundred day simple moving average of $121.35.

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

Xylem Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, May 29th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Thursday, May 29th. Xylem’s dividend payout ratio (DPR) is 43.01%.

Hedge Funds Weigh In On Xylem

A number of large investors have recently bought and sold shares of the business. Empowered Funds LLC raised its stake in Xylem by 56.1% in the first quarter. Empowered Funds LLC now owns 8,678 shares of the industrial products company’s stock worth $1,037,000 after buying an additional 3,120 shares in the last quarter. MBB Public Markets I LLC bought a new position in Xylem in the first quarter worth approximately $321,000. Vancity Investment Management Ltd bought a new position in Xylem in the first quarter worth approximately $4,474,000. Meiji Yasuda Life Insurance Co raised its stake in Xylem by 17.8% in the first quarter. Meiji Yasuda Life Insurance Co now owns 17,560 shares of the industrial products company’s stock worth $2,098,000 after buying an additional 2,657 shares in the last quarter. Finally, United Services Automobile Association bought a new position in Xylem in the first quarter worth approximately $655,000. 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.