Citigroup Issues Pessimistic Forecast for Xylem (NYSE:XYL) Stock Price

Xylem (NYSE:XYL) had its price objective cut by Citigroup from $148.00 to $147.00 in a report published on Monday,Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

A number of other research firms have also issued reports on XYL. Stifel Nicolaus reduced their price target on shares of Xylem from $172.00 to $166.00 and set a “buy” rating for the company in a research report on Wednesday, December 11th. Royal Bank of Canada cut their target price 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. Wolfe Research reaffirmed a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. TD Cowen reduced their price objective on Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Finally, Robert W. Baird dropped their target price on Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $152.10.

Xylem Trading Up 0.6 %

NYSE XYL opened at $116.10 on Monday. The firm’s 50 day moving average price is $121.41 and its two-hundred day moving average price is $129.06. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.96. Xylem has a twelve month low of $109.39 and a twelve month high of $146.08. The stock has a market cap of $28.21 billion, a price-to-earnings ratio of 33.95, a PEG ratio of 2.22 and a beta of 1.06.

Xylem (NYSE:XYL) last issued its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.11. The business 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%. Xylem’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 earnings per share. Equities analysts anticipate that Xylem will post 4.23 EPS for the current year.

Xylem Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, November 26th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date was Tuesday, November 26th. Xylem’s payout ratio is 42.11%.

Hedge Funds Weigh In On Xylem

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bangor Savings Bank raised its position in shares of Xylem by 56.7% in the third quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 85 shares during the period. Mark Sheptoff Financial Planning LLC bought a new position in Xylem in the 2nd quarter worth $33,000. Assetmark Inc. lifted its position in Xylem by 3,887.5% during the 3rd quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 311 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Xylem by 318.2% during the fourth quarter. Versant Capital Management Inc now owns 368 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 280 shares during the period. Finally, Catalyst Capital Advisors LLC grew its position in shares of Xylem by 226.0% in the third quarter. Catalyst Capital Advisors LLC now owns 339 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 235 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.