Robert W. Baird Lowers Xylem (NYSE:XYL) Price Target to $154.00

Xylem (NYSE:XYL) had its target price reduced by stock analysts at Robert W. Baird from $175.00 to $154.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has an “outperform” rating on the industrial products company’s stock. Robert W. Baird’s price objective indicates a potential upside of 28.91% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Stifel Nicolaus upped their price objective on shares of Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. TD Cowen restated a “hold” rating and set a $138.00 price target on shares of Xylem in a report on Tuesday, September 3rd. Royal Bank of Canada lifted their target price on shares of Xylem from $160.00 to $163.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Finally, UBS Group initiated coverage on shares of Xylem in a research report on Tuesday, August 13th. They set a “buy” rating and a $165.00 price target for the company. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Xylem currently has a consensus rating of “Moderate Buy” and an average price target of $148.25.

Xylem Trading Down 1.9 %

Shares of XYL opened at $119.46 on Friday. Xylem has a 1-year low of $93.86 and a 1-year high of $146.08. The firm has a market capitalization of $29.02 billion, a price-to-earnings ratio of 34.93, a PEG ratio of 2.14 and a beta of 1.05. The firm’s 50-day moving average price is $132.78 and its 200-day moving average price is $135.13. The company has a current ratio of 1.96, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL) last posted its earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.11. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.17 billion. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.99 EPS. Sell-side analysts anticipate that Xylem will post 4.26 EPS for the current year.

Institutional Trading of Xylem

A number of hedge funds and other institutional investors have recently modified their holdings of the company. City Holding Co. raised its holdings in Xylem by 3.8% during the third quarter. City Holding Co. now owns 2,071 shares of the industrial products company’s stock valued at $280,000 after acquiring an additional 75 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Xylem by 68.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock valued at $25,000 after buying an additional 77 shares in the last quarter. First Trust Direct Indexing L.P. lifted its holdings in shares of Xylem by 0.9% in the third quarter. First Trust Direct Indexing L.P. now owns 9,070 shares of the industrial products company’s stock worth $1,225,000 after buying an additional 78 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Xylem by 3.5% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 2,317 shares of the industrial products company’s stock worth $299,000 after acquiring an additional 79 shares during the last quarter. Finally, Addison Advisors LLC increased its holdings in Xylem by 5.8% in the 2nd quarter. Addison Advisors LLC now owns 1,486 shares of the industrial products company’s stock valued at $202,000 after acquiring an additional 82 shares during the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

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.