Xylem (NYSE:XYL) Raised to Hold at Raymond James

Xylem (NYSE:XYL - Get Free Report) was upgraded by research analysts at Raymond James to a "hold" rating in a research report issued on Thursday,Zacks.com reports.

Several other analysts also recently issued reports on XYL. Robert W. Baird cut their price target on Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Citigroup cut their target price on Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Stifel Nicolaus lifted their target price on Xylem from $140.00 to $141.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Finally, Royal Bank of Canada lifted their target price on Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Xylem currently has a consensus rating of "Moderate Buy" and an average price target of $146.88.

Xylem Stock Performance

Shares of XYL traded down $1.06 during mid-day trading on Thursday, hitting $126.94. The stock had a trading volume of 1,185,539 shares, compared to its average volume of 1,415,226. The company has a market cap of $30.89 billion, a PE ratio of 34.68, a PEG ratio of 2.33 and a beta of 1.10. The company's fifty day simple moving average is $117.28 and its two-hundred day simple moving average is $121.41. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. Xylem has a fifty-two week low of $100.47 and a fifty-two week high of $146.08.

Xylem (NYSE:XYL - Get Free Report) last issued its earnings results on Tuesday, April 29th. The industrial products company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.95 by $0.08. The company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.04 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The business's revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.90 EPS. On average, equities analysts expect that Xylem will post 4.65 earnings per share for the current year.

Hedge Funds Weigh In On Xylem

Several hedge funds have recently modified their holdings of the company. Focus Partners Wealth increased its position in shares of Xylem by 217.4% during the 1st quarter. Focus Partners Wealth now owns 59,608 shares of the industrial products company's stock valued at $7,121,000 after purchasing an additional 40,827 shares during the period. Bayforest Capital Ltd acquired a new position in shares of Xylem in the 1st quarter worth $248,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Xylem by 7.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,024,500 shares of the industrial products company's stock worth $480,767,000 after acquiring an additional 274,123 shares during the last quarter. Optimize Financial Inc acquired a new position in shares of Xylem in the 1st quarter worth $201,000. Finally, Empowered Funds LLC grew its holdings in shares of Xylem by 56.1% in the 1st quarter. Empowered Funds LLC now owns 8,678 shares of the industrial products company's stock worth $1,037,000 after acquiring an additional 3,120 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

About Xylem

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.