UBS Group Issues Positive Forecast for Xylem (NYSE:XYL) Stock Price

Xylem (NYSE:XYL) had its target price hoisted by UBS Group from $164.00 to $168.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

XYL has been the subject of several other research reports. JPMorgan Chase & Co. began coverage on shares of Xylem in a report on Friday, May 30th. They issued an “overweight” rating and a $148.00 price target for the company. Citigroup reissued a “buy” rating and issued a $152.00 price target (up previously from $137.00) on shares of Xylem in a report on Monday, July 14th. Raymond James Financial raised shares of Xylem to a “hold” rating in a report on Thursday, May 15th. Royal Bank Of Canada boosted their price target on shares of Xylem from $143.00 to $147.00 and gave the company an “outperform” rating in a report on Wednesday, April 30th. Finally, Stifel Nicolaus boosted their price target on shares of Xylem from $162.00 to $175.00 and gave the company a “buy” rating in a report on Friday, August 1st. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $151.57.

Xylem Price Performance

XYL opened at $143.41 on Tuesday. The company has a fifty day moving average price of $130.18 and a two-hundred day moving average price of $124.68. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.43 and a current ratio of 1.90. Xylem has a 52 week low of $100.47 and a 52 week high of $145.33. The firm has a market capitalization of $34.91 billion, a PE ratio of 37.25, a P/E/G ratio of 2.50 and a beta of 1.11.

Xylem (NYSE:XYL) last released its earnings results on Thursday, July 31st. The industrial products company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.11. Xylem had a net margin of 10.74% and a return on equity of 10.33%. The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same quarter in the previous year, the business earned $1.09 EPS. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. As a group, analysts anticipate that Xylem will post 4.65 earnings per share for the current year.

Xylem Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, May 29th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Xylem’s dividend payout ratio is presently 41.56%.

Hedge Funds Weigh In On Xylem

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hanson & Doremus Investment Management boosted its stake in Xylem by 0.9% in the 2nd quarter. Hanson & Doremus Investment Management now owns 8,516 shares of the industrial products company’s stock worth $1,102,000 after purchasing an additional 77 shares during the period. Princeton Global Asset Management LLC lifted its position in Xylem by 2.1% during the 2nd quarter. Princeton Global Asset Management LLC now owns 3,801 shares of the industrial products company’s stock worth $492,000 after buying an additional 79 shares in the last quarter. Townsquare Capital LLC lifted its position in Xylem by 0.8% during the 4th quarter. Townsquare Capital LLC now owns 11,074 shares of the industrial products company’s stock worth $1,285,000 after buying an additional 88 shares in the last quarter. Center for Financial Planning Inc. lifted its position in Xylem by 52.0% during the 1st quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company’s stock worth $32,000 after buying an additional 91 shares in the last quarter. Finally, Keel Point LLC lifted its position in 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 buying an additional 93 shares in the last quarter. 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.