Xylem (NYSE:XYL) Hits New 52-Week High on Analyst Upgrade

Xylem Inc. (NYSE:XYL)’s share price hit a new 52-week high during mid-day trading on Wednesday after UBS Group raised their price target on the stock from $164.00 to $168.00. UBS Group currently has a buy rating on the stock. Xylem traded as high as $145.33 and last traded at $143.41, with a volume of 1082407 shares traded. The stock had previously closed at $143.97.

Other research analysts have also issued reports about the company. Stifel Nicolaus upped their price target on Xylem from $162.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Citigroup reiterated a “buy” rating and set a $152.00 price target (up previously from $137.00) on shares of Xylem in a research note on Monday, July 14th. Royal Bank Of Canada upped their price target on Xylem from $143.00 to $147.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. Raymond James Financial upgraded Xylem to a “hold” rating in a research note on Thursday, May 15th. Finally, Robert W. Baird decreased their target price on Xylem from $149.00 to $146.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $151.57.

Hedge Funds Weigh In On Xylem

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Xylem by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 29,006,544 shares of the industrial products company’s stock valued at $3,465,122,000 after acquiring an additional 362,127 shares in the last quarter. Royal Bank of Canada raised its holdings in Xylem by 7.9% in the 4th quarter. Royal Bank of Canada now owns 4,369,804 shares of the industrial products company’s stock valued at $506,985,000 after acquiring an additional 320,500 shares in the last quarter. Swedbank AB raised its holdings in shares of Xylem by 13.9% in the 2nd quarter. Swedbank AB now owns 4,366,932 shares of the industrial products company’s stock worth $564,906,000 after buying an additional 531,890 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Xylem by 7.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,024,500 shares of the industrial products company’s stock worth $480,767,000 after buying an additional 274,123 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Xylem by 8.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,750,377 shares of the industrial products company’s stock worth $435,119,000 after buying an additional 301,070 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Stock Performance

The company has a current ratio of 1.90, a quick ratio of 1.43 and a debt-to-equity ratio of 0.17. The stock has a fifty day moving average price of $130.90 and a 200-day moving average price of $124.97. The firm has a market capitalization of $34.91 billion, a price-to-earnings ratio of 37.25, a PEG ratio of 2.49 and a beta of 1.11.

Xylem (NYSE:XYL) last issued its earnings results on Thursday, July 31st. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.11. Xylem had a return on equity of 10.33% and a net margin of 10.74%. The business had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.20 billion. During the same period in the prior year, the firm posted $1.09 EPS. Xylem’s quarterly revenue was up 6.1% compared to the same quarter last year. As a group, analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, May 29th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, May 29th. Xylem’s dividend payout ratio (DPR) is currently 41.56%.

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.