Oppenheimer Reaffirms Outperform Rating for Xylem (NYSE:XYL)

Key Points

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Xylem (NYSE:XYL - Get Free Report)'s stock had its "outperform" rating reiterated by research analysts at Oppenheimer in a report issued on Wednesday, Benzinga reports. They presently have a $150.00 price objective on the industrial products company's stock, down from their previous price objective of $158.00. Oppenheimer's target price indicates a potential upside of 45.85% from the company's previous close.

A number of other equities research analysts have also commented on the company. Robert W. Baird upped their target price on Xylem from $163.00 to $165.00 and gave the company an "outperform" rating in a research report on Wednesday, July 29th. Barclays reduced their price target on shares of Xylem from $159.00 to $139.00 and set an "overweight" rating for the company in a research report on Tuesday. Weiss Ratings reissued a "hold (c)" rating on shares of Xylem in a research report on Wednesday, August 5th. CLSA raised shares of Xylem to a "hold" rating in a report on Thursday, June 25th. Finally, Wolfe Research began coverage on shares of Xylem in a research note on Tuesday, September 15th. They issued a "peer perform" rating on the stock. Nine equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $147.08.

Xylem Stock Performance

XYL traded up $0.30 on Wednesday, reaching $102.84. 908,144 shares of the stock were exchanged, compared to its average volume of 2,063,387. The company's 50-day moving average price is $109.46 and its 200 day moving average price is $114.19. Xylem has a fifty-two week low of $98.58 and a fifty-two week high of $154.27. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.61 and a quick ratio of 1.24. The firm has a market capitalization of $24.01 billion, a PE ratio of 24.50, a PEG ratio of 1.65 and a beta of 1.00.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.12. Xylem had a return on equity of 11.77% and a net margin of 11.15%. The business had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the previous year, the business earned $1.26 EPS. The company's quarterly revenue was up 1.5% compared to the same quarter last year. Xylem has set its FY 2026 guidance at 5.550-5.700 EPS. As a group, sell-side analysts forecast that Xylem will post 5.66 EPS for the current fiscal year.

Institutional Trading of Xylem

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Perpetual Ltd increased its holdings in shares of Xylem by 10.2% during the 3rd quarter. Perpetual Ltd now owns 129,946 shares of the industrial products company's stock valued at $13,160,000 after purchasing an additional 11,993 shares in the last quarter. Rockland Trust Co. boosted its holdings in Xylem by 3.6% during the third quarter. Rockland Trust Co. now owns 3,582 shares of the industrial products company's stock worth $363,000 after buying an additional 124 shares in the last quarter. QRG Capital Management Inc. boosted its holdings in Xylem by 1.7% during the second quarter. QRG Capital Management Inc. now owns 56,806 shares of the industrial products company's stock worth $6,715,000 after buying an additional 949 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in Xylem by 38.0% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 5,080 shares of the industrial products company's stock worth $601,000 after buying an additional 1,399 shares in the last quarter. Finally, State Street Corp grew its position in Xylem by 2.4% during the second quarter. State Street Corp now owns 11,444,669 shares of the industrial products company's stock valued at $1,352,874,000 after buying an additional 270,972 shares during the period. 87.96% of the stock is owned by institutional investors and hedge funds.

About Xylem

Xylem Inc NYSE: XYL is a global water technology company that develops products, services and solutions for the movement, treatment, testing and efficient use of water. Its offerings serve municipal water and wastewater systems, utilities, industrial customers, commercial buildings and other infrastructure operators.

The company's portfolio includes water and wastewater pumps, mixing and aeration equipment, treatment systems, measurement and monitoring technologies, smart metering, network-management software, and related services.

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