Royal Bank of Canada Has Lowered Expectations for Xylem (NYSE:XYL) Stock Price

Xylem (NYSE:XYL) had its target price decreased by Royal Bank of Canada from $163.00 to $162.00 in a research report report published on Friday, Benzinga reports. Royal Bank of Canada currently has an outperform rating on the industrial products company’s stock.

Several other analysts also recently weighed in on the stock. UBS Group assumed coverage on shares of Xylem in a research report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price objective on the stock. Robert W. Baird reduced their price objective on Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a research report on Friday. TD Cowen reissued a “hold” rating and issued a $138.00 price objective on shares of Xylem in a report on Tuesday, September 3rd. Finally, Stifel Nicolaus lifted their target price on Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $148.25.

Xylem Stock Performance

Shares of NYSE:XYL traded down $2.32 during trading on Friday, hitting $119.46. 1,925,015 shares of the company traded hands, compared to its average volume of 981,687. The stock 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. Xylem has a one year low of $93.86 and a one year high of $146.08. The company has a quick ratio of 1.33, a current ratio of 1.96 and a debt-to-equity ratio of 0.19. The business’s fifty day moving average is $132.78 and its 200-day moving average is $135.13.

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

Xylem Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Thursday, August 29th. Xylem’s dividend payout ratio is 42.11%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in XYL. Duality Advisers LP acquired a new stake in Xylem during the 1st quarter valued at $6,746,000. Russell Investments Group Ltd. lifted its stake in Xylem by 12.9% in the 1st quarter. Russell Investments Group Ltd. now owns 338,315 shares of the industrial products company’s stock worth $43,737,000 after acquiring an additional 38,603 shares in the last quarter. California State Teachers Retirement System boosted its position in Xylem by 1.4% during the 1st quarter. California State Teachers Retirement System now owns 393,856 shares of the industrial products company’s stock worth $50,902,000 after acquiring an additional 5,477 shares during the period. Central Pacific Bank Trust Division purchased a new position in Xylem during the 1st quarter valued at about $1,487,000. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Xylem by 25.8% in the 1st quarter. Daiwa Securities Group Inc. now owns 69,701 shares of the industrial products company’s stock valued at $9,008,000 after purchasing an additional 14,276 shares during the period. 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.