Xylem (NYSE:XYL) Given New $162.00 Price Target at Stifel Nicolaus

Xylem (NYSE:XYL) had its target price lifted by Stifel Nicolaus from $141.00 to $162.00 in a report issued on Monday morning,Benzinga reports. The firm currently has a buy rating on the industrial products company’s stock.

Several other brokerages also recently commented on XYL. Raymond James Financial upgraded Xylem to a “hold” rating in a report on Thursday, May 15th. Robert W. Baird lowered their price target on Xylem from $149.00 to $146.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. JPMorgan Chase & Co. initiated coverage on Xylem in a research report on Friday, May 30th. They set an “overweight” rating and a $148.00 price target for the company. Royal Bank Of Canada increased their price target on Xylem from $143.00 to $147.00 and gave the company an “outperform” rating in a research note on Wednesday, April 30th. Finally, Citigroup reissued a “buy” rating and set a $152.00 target price (up from $137.00) on shares of Xylem in a report on Monday, July 14th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $149.29.

Xylem Price Performance

Xylem stock opened at $131.89 on Monday. The stock’s fifty day moving average price is $127.92 and its two-hundred day moving average price is $123.13. Xylem has a one year low of $100.47 and a one year high of $143.50. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.89 and a quick ratio of 1.41. The firm has a market cap of $32.10 billion, a PE ratio of 30.09, a price-to-earnings-growth ratio of 2.42 and a beta of 1.12.

Xylem (NYSE:XYL) last announced its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.95 by $0.08. The business had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.04 billion. Xylem had a net margin of 10.54% and a return on equity of 10.12%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.90 EPS. As a group, research analysts expect that Xylem will post 4.65 EPS for the current fiscal year.

Xylem Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, May 29th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Thursday, May 29th. Xylem’s dividend payout ratio is 43.01%.

Institutional Investors Weigh In On Xylem

Institutional investors have recently added to or reduced their stakes in the stock. Valley National Advisers Inc. increased its holdings in Xylem by 84.9% in the first quarter. Valley National Advisers Inc. now owns 220 shares of the industrial products company’s stock valued at $26,000 after buying an additional 101 shares during the last quarter. Perkins Coie Trust Co acquired a new stake in Xylem during the 1st quarter worth $27,000. Maseco LLP bought a new stake in Xylem in the 2nd quarter valued at $31,000. ST Germain D J Co. Inc. increased its stake in shares of Xylem by 950.0% during the 2nd quarter. ST Germain D J Co. Inc. now owns 252 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 228 shares during the last quarter. Finally, Lee Danner & Bass Inc. bought a new stake in Xylem in the 4th quarter valued at about $30,000. 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.