Stifel Nicolaus Cuts Xylem (NYSE:XYL) Price Target to $159.00

Xylem (NYSE:XYL) had its price objective cut by Stifel Nicolaus from $163.00 to $159.00 in a report published on Wednesday, MarketBeat Ratings reports. They currently have a buy rating on the industrial products company’s stock.

Other research analysts have also issued reports about the company. Robert W. Baird set a $161.00 price target on Xylem in a research report on Wednesday, February 11th. Barclays decreased their price objective on Xylem from $156.00 to $154.00 and set an “overweight” rating for the company in a research report on Wednesday. Citigroup lowered their target price on Xylem from $182.00 to $174.00 and set a “buy” rating on the stock in a research note on Wednesday, February 11th. The Goldman Sachs Group set a $158.00 target price on Xylem in a report on Wednesday, February 11th. Finally, William Blair began coverage on shares of Xylem in a research report on Monday, January 26th. They issued an “outperform” rating for the company. Seven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $152.77.

Xylem Trading Down 2.4%

Xylem stock opened at $115.32 on Wednesday. The company has a 50 day moving average price of $123.29 and a 200 day moving average price of $134.86. Xylem has a 52 week low of $114.15 and a 52 week high of $154.27. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.28 and a current ratio of 1.46. The firm has a market capitalization of $27.41 billion, a price-to-earnings ratio of 28.69, a P/E/G ratio of 1.68 and a beta of 1.08.

Xylem (NYSE:XYL) last announced its earnings results on Tuesday, April 28th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.03. The company had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.11 billion. Xylem had a net margin of 10.79% and a return on equity of 11.26%. The company’s revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.03 EPS. Xylem has set its FY 2026 guidance at 5.350-5.600 EPS. Research analysts forecast that Xylem will post 5.51 EPS for the current year.

Xylem declared that its Board of Directors has authorized a stock repurchase program on Wednesday, February 25th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the industrial products company to repurchase up to 4.8% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

Xylem Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Tuesday, February 24th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 1.5%. This is an increase from Xylem’s previous quarterly dividend of $0.40. The ex-dividend date was Tuesday, February 24th. Xylem’s dividend payout ratio is presently 42.79%.

Institutional Investors Weigh In On Xylem

Institutional investors have recently made changes to their positions in the company. J. Stern & Co. LLP raised its position in Xylem by 12,326.6% during the fourth quarter. J. Stern & Co. LLP now owns 45,448,168 shares of the industrial products company’s stock valued at $6,189,132,000 after acquiring an additional 45,082,435 shares in the last quarter. Norges Bank bought a new stake in Xylem in the fourth quarter worth approximately $361,012,000. Schroder Investment Management Group increased its stake in shares of Xylem by 2,055.2% during the 3rd quarter. Schroder Investment Management Group now owns 1,192,682 shares of the industrial products company’s stock worth $171,687,000 after purchasing an additional 1,137,342 shares during the last quarter. Balyasny Asset Management L.P. raised its holdings in shares of Xylem by 346.2% during the 3rd quarter. Balyasny Asset Management L.P. now owns 712,950 shares of the industrial products company’s stock valued at $105,160,000 after purchasing an additional 553,152 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. bought a new position in shares of Xylem during the 2nd quarter valued at $64,407,000. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Xylem Company Profile

Xylem Inc (NYSE: XYL) is a global water technology company that designs, manufactures and services engineered systems and equipment for the transport, treatment, testing and efficient use of water. Its product portfolio spans pumps and pumping systems, valves, filtration and disinfection equipment, sensors and analytical instruments, and digital solutions for monitoring and control of water infrastructure. Xylem serves the full water cycle with offerings for water and wastewater utilities, industrial customers, commercial and residential buildings, and agricultural applications.

The company was established as an independent publicly traded company in 2011 following a corporate spin-off from ITT Corporation and is headquartered in Rye Brook, New York.