Robert W. Baird Has Lowered Expectations for Xylem (NYSE:XYL) Stock Price

Xylem (NYSE:XYL) had its price objective decreased by Robert W. Baird from $149.00 to $146.00 in a research note released on Wednesday morning,Benzinga reports. Robert W. Baird currently has an outperform rating on the industrial products company’s stock.

Several other equities analysts also recently issued reports on XYL. Citigroup reduced their price objective on Xylem from $152.00 to $134.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Stifel Nicolaus cut their target price on Xylem from $150.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Xylem has a consensus rating of “Moderate Buy” and an average price target of $145.56.

Xylem Price Performance

Shares of NYSE XYL opened at $124.30 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. The firm has a market capitalization of $30.25 billion, a PE ratio of 33.96, a P/E/G ratio of 2.33 and a beta of 1.08. Xylem has a 1-year low of $100.47 and a 1-year high of $146.08. The business’s fifty day moving average price is $118.02 and its two-hundred day moving average price is $121.96.

Xylem (NYSE:XYL) last released its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.08. The business had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.04 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.90 EPS. On average, research analysts expect that Xylem will post 4.65 EPS for the current year.

Xylem Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This is a boost from Xylem’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 1.29%. Xylem’s dividend payout ratio (DPR) is 43.01%.

Institutional Trading of Xylem

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in Xylem by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 28,644,417 shares of the industrial products company’s stock worth $3,323,325,000 after acquiring an additional 303,854 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Xylem by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 5,804,247 shares of the industrial products company’s stock worth $671,623,000 after purchasing an additional 135,492 shares during the last quarter. Impax Asset Management Group plc raised its holdings in shares of Xylem by 231.5% in the 4th quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company’s stock worth $644,039,000 after purchasing an additional 3,883,845 shares in the last quarter. Royal Bank of Canada lifted its stake in Xylem by 7.9% during the fourth quarter. Royal Bank of Canada now owns 4,369,804 shares of the industrial products company’s stock valued at $506,985,000 after purchasing an additional 320,500 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Xylem by 9.8% during the fourth quarter. Invesco Ltd. now owns 4,009,907 shares of the industrial products company’s stock worth $465,229,000 after buying an additional 359,276 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

About Xylem

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.