Xylem (NYSE:XYL) Sets New 52-Week Low – Here’s What Happened

Xylem Inc. (NYSE:XYL) shares hit a new 52-week low on Thursday . The company traded as low as $112.44 and last traded at $112.84, with a volume of 535967 shares changing hands. The stock had previously closed at $119.05.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Wolfe Research reiterated a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Robert W. Baird upped their price objective on Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Stifel Nicolaus dropped their price objective on Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Finally, Citigroup cut Xylem from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Xylem currently has an average rating of “Moderate Buy” and a consensus price target of $149.89.

Xylem Stock Performance

The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. The firm has a 50-day simple moving average of $125.59 and a 200 day simple moving average of $125.65. The company has a market cap of $27.00 billion, a price-to-earnings ratio of 30.43, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08.

Xylem (NYSE:XYL) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.06. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The business had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.18 billion. During the same period in the previous year, the company posted $0.99 EPS. The company’s quarterly revenue was up 8.6% on a year-over-year basis. On average, sell-side analysts predict that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.40 per share. This is an increase from Xylem’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.60 annualized dividend and a dividend yield of 1.44%. Xylem’s dividend payout ratio is 43.72%.

Hedge Funds Weigh In On Xylem

Several institutional investors have recently added to or reduced their stakes in the stock. Dempze Nancy E grew its stake in shares of Xylem by 0.3% in the 4th quarter. Dempze Nancy E now owns 25,761 shares of the industrial products company’s stock valued at $2,989,000 after purchasing an additional 88 shares during the last quarter. Townsquare Capital LLC increased its stake in Xylem by 0.8% in the 4th quarter. Townsquare Capital LLC now owns 11,074 shares of the industrial products company’s stock valued at $1,285,000 after buying an additional 88 shares during the period. Keel Point LLC raised its position in Xylem by 4.1% during the 4th quarter. Keel Point LLC now owns 2,371 shares of the industrial products company’s stock worth $275,000 after buying an additional 93 shares during the last quarter. Clear Creek Financial Management LLC boosted its holdings in shares of Xylem by 4.3% in the fourth quarter. Clear Creek Financial Management LLC now owns 2,315 shares of the industrial products company’s stock valued at $269,000 after acquiring an additional 96 shares in the last quarter. Finally, Bleakley Financial Group LLC increased its stake in shares of Xylem by 2.3% during the fourth quarter. Bleakley Financial Group LLC now owns 4,359 shares of the industrial products company’s stock worth $506,000 after acquiring an additional 96 shares during the period. Institutional investors and hedge funds own 87.96% of the company’s stock.

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.