Xylem (NYSE:XYL) Given New $154.00 Price Target at Robert W. Baird

Xylem (NYSE:XYL) had its price objective reduced by Robert W. Baird from $175.00 to $154.00 in a research report report published on Friday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the industrial products company’s stock.

XYL has been the subject of several other reports. TD Cowen restated a “hold” rating and issued a $138.00 price objective on shares of Xylem in a report on Tuesday, September 3rd. Stifel Nicolaus upped their price target 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. UBS Group assumed coverage on shares of Xylem in a research note on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price objective for the company. Finally, Royal Bank of Canada increased their target price on Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $148.25.

Xylem Trading Down 1.9 %

XYL stock traded down $2.32 during trading on Friday, hitting $119.46. The company had a trading volume of 1,925,015 shares, compared to its average volume of 981,687. Xylem has a 52-week low of $93.86 and a 52-week high of $146.08. The company has a 50 day simple moving average of $132.78 and a 200-day simple moving average of $135.13. The firm has a market capitalization of $29.02 billion, a P/E ratio of 34.93, a PEG ratio of 2.14 and a beta of 1.05. The company has a quick ratio of 1.33, a current ratio of 1.96 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL) last issued its earnings results on Thursday, October 31st. The industrial products company reported $1.11 EPS for the quarter, hitting analysts’ consensus estimates of $1.11. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same period last year, the company posted $0.99 earnings per share. The company’s quarterly revenue was up .2% compared to the same quarter last year. As a group, research analysts forecast that Xylem will post 4.26 earnings per share for the current fiscal year.

Xylem Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th were issued 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 1.21%. Xylem’s dividend payout ratio (DPR) is currently 42.11%.

Institutional Investors Weigh In On Xylem

Institutional investors and hedge funds have recently made changes to their positions in the stock. Swedbank AB raised its position in Xylem by 22.8% during the 3rd quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company’s stock worth $403,953,000 after buying an additional 554,609 shares during the last quarter. Mirova US LLC raised its holdings in shares of Xylem by 2.0% during the second quarter. Mirova US LLC now owns 1,876,618 shares of the industrial products company’s stock worth $254,526,000 after purchasing an additional 36,013 shares during the last quarter. Impax Asset Management Group plc lifted its position in Xylem by 1.0% during the third quarter. Impax Asset Management Group plc now owns 1,677,816 shares of the industrial products company’s stock valued at $226,555,000 after purchasing an additional 15,825 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in Xylem by 2.2% in the second quarter. DekaBank Deutsche Girozentrale now owns 1,665,090 shares of the industrial products company’s stock valued at $227,364,000 after purchasing an additional 36,601 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Xylem by 8.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,474,033 shares of the industrial products company’s stock worth $199,930,000 after purchasing an additional 113,571 shares during the period. 87.96% of the stock is currently 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.