Xylem Inc. (NYSE:XYL) Receives $147.54 Consensus Target Price from Analysts

Shares of Xylem Inc. (NYSE:XYL) have received an average rating of “Moderate Buy” from the fourteen brokerages that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $147.54.

Several research firms have recently weighed in on XYL. Royal Bank of Canada lifted their price objective on Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Oppenheimer raised their target price on Xylem from $147.00 to $152.00 and gave the company an “outperform” rating in a report on Friday, May 31st. Robert W. Baird raised their target price on Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. TD Cowen reiterated a “hold” rating and set a $138.00 target price on shares of Xylem in a report on Tuesday, September 3rd. Finally, Argus raised their target price on Xylem from $146.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, May 29th.

Institutional Investors Weigh In On Xylem

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Xylem by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 28,048,996 shares of the industrial products company’s stock worth $3,207,683,000 after purchasing an additional 187,847 shares during the last quarter. Swedbank AB increased its holdings in shares of Xylem by 1.0% in the 2nd quarter. Swedbank AB now owns 2,436,974 shares of the industrial products company’s stock valued at $330,527,000 after acquiring an additional 25,308 shares during the last quarter. Mirova US LLC increased its holdings in shares of Xylem by 2.0% in the 2nd quarter. Mirova US LLC now owns 1,876,618 shares of the industrial products company’s stock valued at $254,526,000 after acquiring an additional 36,013 shares during the last quarter. Norges Bank bought a new stake in shares of Xylem in the 4th quarter valued at approximately $198,207,000. Finally, DekaBank Deutsche Girozentrale increased its holdings in shares of Xylem by 2.2% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 1,665,090 shares of the industrial products company’s stock valued at $227,364,000 after acquiring an additional 36,601 shares during the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Xylem Stock Performance

NYSE XYL opened at $133.14 on Wednesday. The firm has a market capitalization of $32.28 billion, a P/E ratio of 47.13, a P/E/G ratio of 2.31 and a beta of 1.04. Xylem has a 1-year low of $87.59 and a 1-year high of $146.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.85 and a quick ratio of 1.33. The business’s 50-day simple moving average is $133.86 and its 200-day simple moving average is $134.04.

Xylem (NYSE:XYL) last released its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.04. The business had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.14 billion. Xylem had a return on equity of 9.48% and a net margin of 9.11%. The company’s revenue was up 26.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.98 EPS. Equities analysts predict that Xylem will post 4.26 EPS for the current year.

Xylem Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $1.44 annualized dividend and a yield of 1.08%. Xylem’s dividend payout ratio is presently 51.25%.

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.