Brokerages Set Xylem Inc. (NYSE:XYL) Target Price at $113.60

Xylem Inc. (NYSE:XYL – Get Rating) has been given an average rating of “Hold” by the fourteen brokerages that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $114.50.

Several research analysts have recently commented on XYL shares. Royal Bank of Canada lifted their target price on Xylem from $105.00 to $114.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 2nd. Citigroup lifted their price target on Xylem from $109.00 to $123.00 and gave the stock a “neutral” rating in a report on Friday, December 9th. Cowen lifted their price target on Xylem from $105.00 to $115.00 in a report on Wednesday, November 2nd. Credit Suisse Group lifted their price target on Xylem from $93.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, November 2nd. Finally, Cowen lifted their price target on Xylem from $105.00 to $115.00 in a report on Wednesday, November 2nd.

Xylem Stock Up 2.1 %

XYL stock opened at $103.57 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.65 and a debt-to-equity ratio of 0.58. The business has a 50 day moving average price of $111.44 and a two-hundred day moving average price of $100.23. The company has a market cap of $18.67 billion, a price-to-earnings ratio of 58.85, a P/E/G ratio of 2.88 and a beta of 1.09. Xylem has a twelve month low of $72.08 and a twelve month high of $118.58.

Xylem (NYSE:XYL – Get Rating) last issued its earnings results on Tuesday, November 1st. The industrial products company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.66 by $0.13. Xylem had a return on equity of 14.40% and a net margin of 5.97%. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.33 billion. Analysts anticipate that Xylem will post 2.71 EPS for the current fiscal year.

Xylem Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 20th. Shareholders of record on Tuesday, November 22nd were issued a $0.30 dividend. The ex-dividend date was Monday, November 21st. This represents a $1.20 annualized dividend and a yield of 1.16%. Xylem’s dividend payout ratio is presently 68.18%.

Insider Buying and Selling at Xylem

In other news, SVP Matthew Francis Pine sold 11,870 shares of the business’s stock in a transaction on Friday, November 4th. The stock was sold at an average price of $107.12, for a total transaction of $1,271,514.40. Following the completion of the transaction, the senior vice president now owns 22,819 shares of the company’s stock, valued at approximately $2,444,371.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.89% of the company’s stock.

Hedge Funds Weigh In On Xylem

A number of institutional investors have recently modified their holdings of XYL. Panagora Asset Management Inc. raised its holdings in shares of Xylem by 21.7% during the 1st quarter. Panagora Asset Management Inc. now owns 14,297 shares of the industrial products company’s stock worth $1,219,000 after buying an additional 2,550 shares in the last quarter. Yousif Capital Management LLC grew its position in Xylem by 1.5% during the 1st quarter. Yousif Capital Management LLC now owns 27,307 shares of the industrial products company’s stock worth $2,328,000 after acquiring an additional 416 shares during the last quarter. Blair William & Co. IL grew its position in Xylem by 0.5% during the 1st quarter. Blair William & Co. IL now owns 66,243 shares of the industrial products company’s stock worth $5,648,000 after acquiring an additional 299 shares during the last quarter. Sei Investments Co. grew its position in Xylem by 6.7% during the 1st quarter. Sei Investments Co. now owns 335,330 shares of the industrial products company’s stock worth $28,590,000 after acquiring an additional 21,165 shares during the last quarter. Finally, Prudential PLC bought a new stake in Xylem during the 1st quarter worth $333,000. Institutional investors and hedge funds own 83.57% of the company’s stock.

Xylem Company Profile

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Xylem, Inc engages in the design, manufacture, and application of engineered technologies for the water industry. It operates through the following business segments: Water Infrastructure, Applied Water, and Measurement and Control Solutions. The Water Infrastructure segment focuses on the transportation, treatment and testing of water.