Xylem Inc. (NYSE:XYL) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Xylem Inc. has received a consensus rating of "Moderate Buy" from nine research firms, with six analysts recommending buying the stock and three suggesting holding it.
• The average 1-year price target for Xylem shares is $151.14, with recent increases in target prices from multiple financial institutions.
• Xylem reported quarterly earnings of $1.26 EPS, exceeding expectations, along with a 6.1% year-over-year revenue growth to $2.30 billion.

Xylem Inc. (NYSE:XYL - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the nine research firms that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $151.14.

XYL has been the topic of several recent analyst reports. Royal Bank Of Canada lifted their target price on shares of Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Citigroup reissued a "buy" rating and set a $152.00 target price (up previously from $137.00) on shares of Xylem in a research report on Monday, July 14th. Robert W. Baird lowered their price target on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Stifel Nicolaus lifted their price target on shares of Xylem from $162.00 to $175.00 and gave the stock a "buy" rating in a report on Friday. Finally, Raymond James Financial raised shares of Xylem to a "hold" rating in a report on Thursday, May 15th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Valley National Advisers Inc. raised its position in Xylem by 84.9% in the first quarter. Valley National Advisers Inc. now owns 220 shares of the industrial products company's stock worth $26,000 after acquiring an additional 101 shares during the period. Perkins Coie Trust Co bought a new position in Xylem in the first quarter worth approximately $27,000. Maseco LLP bought a new position in Xylem in the second quarter worth approximately $31,000. Center for Financial Planning Inc. raised its position in Xylem by 52.0% in the first quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company's stock worth $32,000 after acquiring an additional 91 shares during the period. Finally, ST Germain D J Co. Inc. raised its position in Xylem by 950.0% in the second quarter. ST Germain D J Co. Inc. now owns 252 shares of the industrial products company's stock worth $33,000 after acquiring an additional 228 shares during the period. Institutional investors own 87.96% of the company's stock.

Xylem Stock Performance

Shares of XYL opened at $142.04 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.90 and a quick ratio of 1.41. The stock has a 50-day moving average of $129.44 and a 200-day moving average of $124.29. The company has a market cap of $34.57 billion, a PE ratio of 36.89, a P/E/G ratio of 2.63 and a beta of 1.11. Xylem has a one year low of $100.47 and a one year high of $144.83.

Xylem (NYSE:XYL - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.15 by $0.11. The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.20 billion. Xylem had a return on equity of 10.33% and a net margin of 10.74%. The company's quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.09 EPS. On average, equities research analysts predict that Xylem will post 4.65 EPS for the current fiscal year.

Xylem Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, May 29th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Xylem's dividend payout ratio is 43.01%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.