Xylem (NYSE:XYL) Downgraded to “Hold” Rating by Citigroup

Xylem (NYSE:XYL) was downgraded by analysts at Citigroup from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

A number of other equities analysts have also recently weighed in on XYL. Wolfe Research reaffirmed a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Stifel Nicolaus decreased their price target on shares of Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. TD Cowen reduced their target price on Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. Robert W. Baird lifted their target price on Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Royal Bank of Canada decreased their price target on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $149.90.

Xylem Stock Performance

Shares of XYL opened at $131.11 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.76. Xylem has a 1 year low of $113.26 and a 1 year high of $146.08. The stock has a market capitalization of $31.85 billion, a PE ratio of 35.82, a PEG ratio of 2.36 and a beta of 1.07. The stock has a 50-day simple moving average of $120.95 and a 200-day simple moving average of $127.55.

Xylem (NYSE:XYL) last released its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.06. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.18 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. Xylem’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.99 earnings per share. On average, analysts predict that Xylem will post 4.66 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Xylem

Several hedge funds and other institutional investors have recently modified their holdings of XYL. Nordea Investment Management AB grew its stake in shares of Xylem by 24.6% in the 4th quarter. Nordea Investment Management AB now owns 26,798 shares of the industrial products company’s stock valued at $3,125,000 after purchasing an additional 5,286 shares during the period. MML Investors Services LLC lifted its holdings in Xylem by 66.9% during the 3rd quarter. MML Investors Services LLC now owns 15,935 shares of the industrial products company’s stock worth $2,152,000 after buying an additional 6,386 shares in the last quarter. Swedbank AB boosted its holdings in Xylem by 23.1% in the fourth quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company’s stock valued at $427,325,000 after acquiring an additional 691,618 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Xylem by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,345,768 shares of the industrial products company’s stock worth $181,719,000 after acquiring an additional 5,817 shares during the period. Finally, Groupama Asset Managment increased its holdings in Xylem by 89.6% in the third quarter. Groupama Asset Managment now owns 16,340 shares of the industrial products company’s stock valued at $2,206,000 after purchasing an additional 7,723 shares during the last quarter. Institutional investors and hedge funds 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.