Xylem (NYSE:XYL) Given New $150.00 Price Target at Stifel Nicolaus

Xylem (NYSE:XYL) had its price target cut by analysts at Stifel Nicolaus from $166.00 to $150.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the industrial products company’s stock. Stifel Nicolaus’ target price points to a potential upside of 23.55% from the stock’s previous close.

Several other analysts have also commented on XYL. Robert W. Baird cut their price objective on Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a report on Friday, November 1st. TD Cowen dropped their price objective on shares of Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. Wolfe Research reaffirmed a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Royal Bank of Canada dropped their price target on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Finally, Citigroup reduced their price objective on Xylem from $148.00 to $147.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $150.50.

Xylem Stock Performance

Shares of NYSE:XYL traded down $0.17 during midday trading on Friday, reaching $121.41. 226,748 shares of the company’s stock traded hands, compared to its average volume of 1,196,204. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.96. Xylem has a one year low of $111.72 and a one year high of $146.08. The company has a market cap of $29.50 billion, a price-to-earnings ratio of 35.50, a P/E/G ratio of 2.05 and a beta of 1.06. The stock has a 50 day moving average of $120.88 and a 200 day moving average of $128.50.

Xylem (NYSE:XYL) last announced its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.11. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter last year, the firm posted $0.99 EPS. The business’s quarterly revenue was up .2% compared to the same quarter last year. As a group, equities research analysts anticipate that Xylem will post 4.23 EPS for the current fiscal year.

Institutional Trading of Xylem

Several hedge funds have recently modified their holdings of XYL. City Holding Co. lifted its stake in shares of Xylem by 3.8% in the 3rd quarter. City Holding Co. now owns 2,071 shares of the industrial products company’s stock valued at $280,000 after purchasing an additional 75 shares during the last quarter. First Trust Direct Indexing L.P. boosted its stake in Xylem by 0.9% during the third quarter. First Trust Direct Indexing L.P. now owns 9,070 shares of the industrial products company’s stock worth $1,225,000 after buying an additional 78 shares during the period. Bangor Savings Bank increased its position in Xylem by 56.7% during the third quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 85 shares during the last quarter. Angeles Wealth Management LLC lifted its holdings in shares of Xylem by 3.6% in the 3rd quarter. Angeles Wealth Management LLC now owns 2,462 shares of the industrial products company’s stock worth $332,000 after acquiring an additional 86 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of Xylem by 6.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,412 shares of the industrial products company’s stock worth $191,000 after purchasing an additional 87 shares during the period. 87.96% of the stock is owned by hedge funds and other 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.