Citigroup Boosts Xylem (NYSE:XYL) Price Target to $139.00

Xylem (NYSE:XYL) had its price objective upped by Citigroup from $126.00 to $139.00 in a research note published on Monday morning, Benzinga reports. They currently have a neutral rating on the industrial products company’s stock.

Several other research analysts have also issued reports on the company. Stifel Nicolaus upped their target price on Xylem from $136.00 to $150.00 and gave the company a buy rating in a research report on Wednesday, February 7th. Raymond James raised Xylem from an underperform rating to a market perform rating in a research report on Thursday, January 4th. Royal Bank of Canada upped their target price on Xylem from $140.00 to $145.00 and gave the company an outperform rating in a research report on Wednesday, February 7th. Robert W. Baird upped their target price on Xylem from $141.00 to $148.00 and gave the company an outperform rating in a research report on Thursday, March 21st. Finally, BNP Paribas started coverage on Xylem in a research report on Tuesday, March 12th. They set an outperform rating and a $150.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $135.44.

Xylem Stock Performance

NYSE XYL opened at $128.19 on Monday. The company has a market cap of $31.07 billion, a P/E ratio of 47.13, a P/E/G ratio of 2.54 and a beta of 1.10. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.30 and a current ratio of 1.76. The business’s 50 day moving average price is $125.83 and its 200-day moving average price is $110.71. Xylem has a fifty-two week low of $87.59 and a fifty-two week high of $130.86.

Xylem (NYSE:XYL) last released its earnings results on Tuesday, February 6th. The industrial products company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.03. Xylem had a return on equity of 9.65% and a net margin of 8.27%. The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter in the previous year, the company posted $0.92 EPS. The company’s revenue for the quarter was up 40.6% compared to the same quarter last year. Sell-side analysts predict that Xylem will post 4.13 earnings per share for the current year.

Xylem Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 21st were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.12%. This is a positive change from Xylem’s previous quarterly dividend of $0.33. The ex-dividend date was Tuesday, February 20th. Xylem’s dividend payout ratio (DPR) is 52.94%.

Insider Buying and Selling

In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $122.89, for a total transaction of $122,890.00. Following the transaction, the chief accounting officer now owns 2,935 shares in the company, valued at $360,682.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Geri-Michelle Mcshane sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $122.89, for a total value of $122,890.00. Following the transaction, the chief accounting officer now owns 2,935 shares in the company, valued at $360,682.15. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Franz Cerwinka sold 2,408 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $121.79, for a total value of $293,270.32. Following the completion of the transaction, the senior vice president now owns 11,750 shares in the company, valued at approximately $1,431,032.50. The disclosure for this sale can be found here. 0.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of XYL. ING Groep NV purchased a new stake in Xylem during the 3rd quarter worth about $2,752,000. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of Xylem by 6.6% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 39,266 shares of the industrial products company’s stock valued at $3,574,000 after purchasing an additional 2,438 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Xylem by 351.2% in the 4th quarter. SG Americas Securities LLC now owns 101,408 shares of the industrial products company’s stock valued at $11,597,000 after purchasing an additional 78,934 shares during the last quarter. Mariner LLC lifted its holdings in shares of Xylem by 10.3% in the 3rd quarter. Mariner LLC now owns 75,036 shares of the industrial products company’s stock valued at $6,831,000 after purchasing an additional 7,006 shares during the last quarter. Finally, Cambridge Trust Co. lifted its holdings in shares of Xylem by 3.0% in the 3rd quarter. Cambridge Trust Co. now owns 156,815 shares of the industrial products company’s stock valued at $14,275,000 after purchasing an additional 4,621 shares during the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Xylem Company Profile

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.