Brokerages Set Xylem Inc. (NYSE:XYL) Target Price at $135.44

Xylem Inc. (NYSE:XYL) has received a consensus recommendation of “Moderate Buy” from the eleven brokerages that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $138.11.

Several research analysts have issued reports on the company. BNP Paribas initiated coverage on Xylem in a research report on Tuesday, March 12th. They set an “outperform” rating and a $150.00 target price for the company. Royal Bank of Canada upped their price objective on Xylem from $140.00 to $145.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Robert W. Baird lifted their target price on Xylem from $141.00 to $148.00 and gave the stock an “outperform” rating in a research report on Thursday, March 21st. Stifel Nicolaus boosted their target price on shares of Xylem from $136.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Finally, Oppenheimer raised their price target on shares of Xylem from $133.00 to $142.00 and gave the stock an “outperform” rating in a research note on Thursday.

Insider Buying and Selling

In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of Xylem stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $122.89, for a total value of $122,890.00. Following the transaction, the chief accounting officer now owns 2,935 shares in the company, valued at $360,682.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of Xylem stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $122.89, for a total value of $122,890.00. Following the transaction, the chief accounting officer now directly owns 2,935 shares of the company’s stock, valued at $360,682.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Franz Cerwinka sold 2,408 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $121.79, for a total value of $293,270.32. Following the transaction, the senior vice president now directly owns 11,750 shares in the company, valued at $1,431,032.50. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Xylem

Several institutional investors have recently added to or reduced their stakes in the business. Maryland State Retirement & Pension System raised its position in shares of Xylem by 2.8% in the 1st quarter. Maryland State Retirement & Pension System now owns 18,608 shares of the industrial products company’s stock valued at $2,325,000 after purchasing an additional 503 shares during the last quarter. American National Bank & Trust Co. VA acquired a new position in Xylem during the 1st quarter valued at approximately $3,447,000. First Trust Direct Indexing L.P. raised its holdings in shares of Xylem by 6.3% in the first quarter. First Trust Direct Indexing L.P. now owns 7,912 shares of the industrial products company’s stock worth $1,023,000 after buying an additional 469 shares during the last quarter. Norden Group LLC acquired a new stake in shares of Xylem during the first quarter worth $2,821,000. Finally, Albion Financial Group UT grew its holdings in shares of Xylem by 6.0% during the first quarter. Albion Financial Group UT now owns 13,247 shares of the industrial products company’s stock valued at $1,712,000 after buying an additional 753 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Stock Performance

NYSE XYL opened at $127.84 on Friday. The business’s 50 day moving average price is $127.01 and its 200-day moving average price is $112.52. Xylem has a fifty-two week low of $87.59 and a fifty-two week high of $130.86. The company has a market cap of $30.99 billion, a P/E ratio of 47.00, a P/E/G ratio of 2.53 and a beta of 1.10. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.30 and a current ratio of 1.76.

Xylem (NYSE:XYL) last announced its earnings results on Tuesday, February 6th. The industrial products company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.03. Xylem had a net margin of 8.27% and a return on equity of 9.65%. The business had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter in the prior year, the firm posted $0.92 earnings per share. The business’s revenue for the quarter was up 40.6% on a year-over-year basis. Sell-side analysts predict that Xylem will post 4.13 earnings per share for the current year.

Xylem Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 21st were issued a $0.36 dividend. The ex-dividend date of this dividend was Tuesday, February 20th. This is an increase from Xylem’s previous quarterly dividend of $0.33. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.13%. Xylem’s dividend payout ratio (DPR) is currently 52.94%.

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.