Xylem Inc. (NYSE:XYL) Given Average Recommendation of “Moderate Buy” by Brokerages

Xylem Inc. (NYSE:XYL) has been given an average recommendation of “Moderate Buy” by the twelve brokerages that are currently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $152.20.

A number of analysts recently weighed in on the stock. TD Cowen decreased their target price 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. Citigroup raised shares of Xylem from a “neutral” rating to a “buy” rating and upped their price target for the stock from $135.00 to $148.00 in a report on Monday, December 9th. Wolfe Research reissued a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Royal Bank of Canada decreased their target price on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Finally, Stifel Nicolaus lowered their price target on Xylem from $172.00 to $166.00 and set a “buy” rating on the stock in a report on Wednesday, December 11th.

Xylem Trading Up 0.3 %

XYL opened at $118.47 on Friday. The firm has a market capitalization of $28.78 billion, a PE ratio of 34.64, a P/E/G ratio of 2.22 and a beta of 1.05. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.96 and a quick ratio of 1.42. Xylem has a fifty-two week low of $109.39 and a fifty-two week high of $146.08. The company’s 50-day moving average is $124.57 and its 200 day moving average is $131.23.

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

Xylem Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, November 26th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Tuesday, November 26th. Xylem’s payout ratio is 42.11%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. City Holding Co. grew its stake in shares of Xylem by 3.8% during the third quarter. City Holding Co. now owns 2,071 shares of the industrial products company’s stock valued at $280,000 after buying an additional 75 shares during the last quarter. First Trust Direct Indexing L.P. boosted its position 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 valued at $1,225,000 after purchasing an additional 78 shares in the last quarter. Addison Advisors LLC grew its position in shares of Xylem by 5.8% in the 2nd quarter. Addison Advisors LLC now owns 1,486 shares of the industrial products company’s stock worth $202,000 after buying an additional 82 shares during the last quarter. Bangor Savings Bank grew its holdings in Xylem by 56.7% in the third quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 85 shares during the last quarter. Finally, Angeles Wealth Management LLC increased its position in Xylem by 3.6% during the 3rd quarter. Angeles Wealth Management LLC now owns 2,462 shares of the industrial products company’s stock valued at $332,000 after buying an additional 86 shares in the last quarter. Institutional investors own 87.96% of the company’s stock.

Xylem Company Profile

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.