Xylem (NYSE:XYL) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Xylem (NYSE:XYL) from a hold rating to a buy rating in a research note published on Saturday.

A number of other analysts also recently issued reports on the stock. JPMorgan Chase & Co. started coverage on shares of Xylem in a report on Friday, May 30th. They set an “overweight” rating and a $148.00 price objective for the company. Stifel Nicolaus boosted their price target on shares of Xylem from $162.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Raymond James Financial raised shares of Xylem to a “hold” rating in a research note on Thursday, May 15th. Royal Bank Of Canada boosted their price target on shares of Xylem from $143.00 to $147.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. Finally, Robert W. Baird lowered their price target on shares of Xylem from $149.00 to $146.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $151.57.

Xylem Stock Up 0.2%

XYL opened at $142.93 on Friday. The company has a fifty day moving average price of $131.57 and a 200-day moving average price of $125.31. The firm has a market capitalization of $34.79 billion, a P/E ratio of 37.12, a price-to-earnings-growth ratio of 2.48 and a beta of 1.11. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.90 and a quick ratio of 1.43. Xylem has a one year low of $100.47 and a one year high of $145.33.

Xylem (NYSE:XYL) last released its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.11. The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.20 billion. Xylem had a net margin of 10.74% and a return on equity of 10.33%. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.09 EPS. Equities research analysts expect that Xylem will post 4.65 earnings per share for the current fiscal year.

Xylem Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, May 29th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Thursday, May 29th. Xylem’s dividend payout ratio is currently 41.56%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its position in Xylem by 5.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 306,391 shares of the industrial products company’s stock valued at $35,547,000 after purchasing an additional 16,311 shares during the period. Renaissance Technologies LLC lifted its position in Xylem by 13.6% during the fourth quarter. Renaissance Technologies LLC now owns 263,471 shares of the industrial products company’s stock valued at $30,568,000 after purchasing an additional 31,500 shares during the period. Raymond James Financial Inc. bought a new position in Xylem during the fourth quarter valued at approximately $40,444,000. Scotia Capital Inc. lifted its position in Xylem by 1.1% during the fourth quarter. Scotia Capital Inc. now owns 47,610 shares of the industrial products company’s stock valued at $5,524,000 after purchasing an additional 510 shares during the period. Finally, Treasurer of the State of North Carolina increased its holdings in Xylem by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 106,276 shares of the industrial products company’s stock valued at $12,330,000 after buying an additional 670 shares during the last quarter. Institutional investors 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.