Xylem (NYSE:XYL) Stock Gets Price Target Trim from Royal Bank Of Canada

Xylem (NYSE:XYL) had its price target trimmed by Royal Bank Of Canada from $164.00 to $135.00 in a research note published on Wednesday,Benzinga reports. The firm currently has an outperform rating on the industrial products company’s stock.

XYL has been the subject of several other reports. Jefferies Financial Group boosted their target price on shares of Xylem from $145.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, August 24th. UBS Group decreased their price target on shares of Xylem from $138.00 to $112.00 and set a “neutral” rating on the stock in a research report on Monday, October 5th. Weiss Ratings reiterated 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 research report on Thursday, June 25th. Finally, Mizuho boosted their price objective on shares of Xylem from $124.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $145.54.

Xylem Stock Up 0.8%

XYL stock opened at $104.21 on Wednesday. Xylem has a fifty-two week low of $98.58 and a fifty-two week high of $154.27. The business’s 50-day moving average is $108.40 and its two-hundred day moving average is $113.90. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.24 and a current ratio of 1.61. The company has a market cap of $24.33 billion, a price-to-earnings ratio of 24.81, a P/E/G ratio of 1.66 and a beta of 1.00.

Xylem (NYSE:XYL) last announced its earnings results on Tuesday, July 28th. The industrial products company reported $1.46 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $2.34 billion. During the same period last year, the firm posted $1.26 earnings per share. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. Xylem has set its FY 2026 guidance at 5.550-5.700 EPS. As a group, analysts forecast that Xylem will post 5.66 earnings per share for the current year.

Xylem Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Thursday, August 27th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Thursday, August 27th. Xylem’s dividend payout ratio is currently 40.95%.

Institutional Investors Weigh In On Xylem

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. J. Stern & Co. LLP boosted its position in shares of Xylem by 12,326.6% in the fourth quarter. J. Stern & Co. LLP now owns 45,448,168 shares of the industrial products company’s stock worth $6,189,132,000 after purchasing an additional 45,082,435 shares during the period. BlackRock Inc. bought a new stake in shares of Xylem during the 2nd quarter valued at $2,959,730,000. State Street Corp raised its position in shares of Xylem by 2.4% during the 2nd quarter. State Street Corp now owns 11,444,669 shares of the industrial products company’s stock valued at $1,352,874,000 after purchasing an additional 270,972 shares during the period. XXEC Inc. purchased a new position in shares of Xylem during the 2nd quarter valued at $850,841,000. Finally, Swedbank AB lifted its stake in shares of Xylem by 0.3% during the 1st quarter. Swedbank AB now owns 5,526,725 shares of the industrial products company’s stock valued at $660,444,000 after buying an additional 18,759 shares in the last quarter. Institutional investors own 87.96% of the company’s stock.

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.