Robert W. Baird Cuts Xylem (NYSE:XYL) Price Target to $146.00

Xylem (NYSE:XYL - Get Free Report) had its price target decreased by stock analysts at Robert W. Baird from $149.00 to $146.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an "outperform" rating on the industrial products company's stock. Robert W. Baird's target price would indicate a potential upside of 17.46% from the company's previous close.

A number of other research firms have also commented on XYL. Citigroup lowered their price objective on shares of 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 lowered their price target on Xylem from $150.00 to $140.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $145.56.

Xylem Stock Performance

XYL traded up $3.55 during trading hours on Wednesday, hitting $124.30. The company's stock had a trading volume of 1,834,707 shares, compared to its average volume of 1,416,590. The company has a current ratio of 1.76, a quick ratio of 1.33 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. The company has a 50-day simple moving average of $118.02 and a 200 day simple moving average of $121.86. The firm has a market capitalization of $30.25 billion, a PE ratio of 33.96, a PEG ratio of 2.33 and a beta of 1.08.

Xylem (NYSE:XYL - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.08. The business had revenue of $2.07 billion for the quarter, compared to analysts' expectations of $2.04 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The company's revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.90 earnings per share. As a group, sell-side analysts expect that Xylem will post 4.65 EPS for the current year.

Hedge Funds Weigh In On Xylem

A number of hedge funds and other institutional investors have recently modified their holdings of XYL. Nordea Investment Management AB boosted its holdings in shares of Xylem by 24.6% in the fourth quarter. Nordea Investment Management AB now owns 26,798 shares of the industrial products company's stock worth $3,125,000 after buying an additional 5,286 shares during the period. Swedbank AB lifted its position in shares of Xylem by 23.1% in the 4th quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company's stock valued at $427,325,000 after acquiring an additional 691,618 shares in the last quarter. Benson Investment Management Company Inc. acquired a new position in Xylem in the 4th quarter worth approximately $5,094,000. Franklin Resources Inc. grew its position in Xylem by 2.3% during the 3rd quarter. Franklin Resources Inc. now owns 1,597,657 shares of the industrial products company's stock worth $219,262,000 after purchasing an additional 36,102 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in Xylem by 31.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 575 shares of the industrial products company's stock valued at $67,000 after purchasing an additional 139 shares during the period. Institutional investors and hedge funds own 87.96% of the company's stock.

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.