Xylem (NYSE:XYL) Price Target Cut to $125.00 by Analysts at TD Cowen

Xylem (NYSE:XYL) had its target price lowered by TD Cowen from $138.00 to $125.00 in a report published on Wednesday morning, Benzinga reports. TD Cowen currently has a hold rating on the industrial products company’s stock.

XYL has been the topic of a number of other research reports. Stifel Nicolaus increased their price objective on shares of Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Robert W. Baird cut their price objective on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Royal Bank of Canada cut their price objective on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, UBS Group started coverage on shares of Xylem in a research report on Tuesday, August 13th. They set a “buy” rating and a $165.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $147.17.

Xylem Stock Performance

Shares of Xylem stock opened at $123.73 on Wednesday. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. The business has a 50-day moving average price of $131.97 and a two-hundred day moving average price of $135.08. Xylem has a 1-year low of $95.35 and a 1-year high of $146.08. The company has a market cap of $30.06 billion, a P/E ratio of 36.18, a PEG ratio of 2.23 and a beta of 1.05.

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

Xylem Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th were given a dividend of $0.36 per share. The ex-dividend date was Thursday, August 29th. This represents a $1.44 annualized dividend and a dividend yield of 1.16%. Xylem’s dividend payout ratio is currently 42.11%.

Hedge Funds Weigh In On Xylem

Hedge funds have recently modified their holdings of the company. Duality Advisers LP purchased a new stake in shares of Xylem during the 1st quarter worth approximately $6,746,000. Russell Investments Group Ltd. increased its stake in shares of Xylem by 12.9% during the 1st quarter. Russell Investments Group Ltd. now owns 338,315 shares of the industrial products company’s stock worth $43,737,000 after purchasing an additional 38,603 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of Xylem by 1.4% during the 1st quarter. California State Teachers Retirement System now owns 393,856 shares of the industrial products company’s stock worth $50,902,000 after purchasing an additional 5,477 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of Xylem by 191.7% during the 1st quarter. Cetera Investment Advisers now owns 27,412 shares of the industrial products company’s stock worth $3,543,000 after purchasing an additional 18,014 shares during the last quarter. Finally, Edgestream Partners L.P. increased its stake in shares of Xylem by 82.6% during the 1st quarter. Edgestream Partners L.P. now owns 25,070 shares of the industrial products company’s stock worth $3,240,000 after purchasing an additional 11,344 shares during the last quarter. 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.