Xylem (NYSE:XYL) Given New $134.00 Price Target at Citigroup

Xylem (NYSE:XYL) had its target price decreased by Citigroup from $152.00 to $134.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. Citigroup’s target price points to a potential upside of 22.81% from the stock’s current price.

XYL has been the topic of several other reports. Stifel Nicolaus reduced their price target on Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Robert W. Baird boosted their target price on shares of Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $148.44.

Xylem Price Performance

XYL stock opened at $109.11 on Monday. The stock has a market cap of $26.55 billion, a price-to-earnings ratio of 29.81, a P/E/G ratio of 2.33 and a beta of 1.08. 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 company has a 50 day simple moving average of $121.88 and a 200 day simple moving average of $123.67. Xylem has a 1 year low of $100.47 and a 1 year high of $146.08.

Xylem (NYSE:XYL) last announced its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.06. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the prior year, the business earned $0.99 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. Research analysts anticipate that Xylem will post 4.65 EPS for the current fiscal year.

Institutional Trading of Xylem

Large investors have recently bought and sold shares of the business. XTX Topco Ltd acquired a new stake in Xylem during the third quarter worth approximately $419,000. MML Investors Services LLC boosted its stake in Xylem by 66.9% during the third quarter. MML Investors Services LLC now owns 15,935 shares of the industrial products company’s stock worth $2,152,000 after acquiring an additional 6,386 shares in the last quarter. Sanctuary Advisors LLC increased its stake in Xylem by 16.1% in the third quarter. Sanctuary Advisors LLC now owns 26,036 shares of the industrial products company’s stock valued at $3,303,000 after purchasing an additional 3,614 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Xylem during the third quarter valued at about $2,492,000. Finally, Tidal Investments LLC boosted its position in shares of Xylem by 1.7% during the 3rd quarter. Tidal Investments LLC now owns 47,642 shares of the industrial products company’s stock worth $6,433,000 after purchasing an additional 783 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

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.