Xylem (NYSE:XYL) Price Target Cut to $140.00 by Analysts at Stifel Nicolaus

Xylem (NYSE:XYL) had its price target dropped by investment analysts at Stifel Nicolaus from $150.00 to $140.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the industrial products company’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 28.10% from the stock’s previous close.

A number of other research firms have also weighed in on XYL. Robert W. Baird upped 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. Citigroup decreased their target price on Xylem from $152.00 to $134.00 and set a “buy” rating for the company in a research report on Monday. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Xylem presently has a consensus rating of “Moderate Buy” and an average target price of $147.33.

Xylem Price Performance

XYL stock traded up $0.15 during trading on Wednesday, reaching $109.29. 36,121 shares of the company were exchanged, compared to its average volume of 1,374,734. Xylem has a twelve month low of $100.47 and a twelve month high of $146.08. The company has a 50-day moving average of $121.88 and a two-hundred day moving average of $123.67. 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 market capitalization of $26.60 billion, a price-to-earnings ratio of 29.74, a P/E/G ratio of 2.33 and a beta of 1.08.

Xylem (NYSE:XYL) last released its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share 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 during the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the prior year, the firm posted $0.99 EPS. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, equities analysts predict that Xylem will post 4.65 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Xylem

A number of large investors have recently modified their holdings of XYL. Nordea Investment Management AB lifted its stake in shares of Xylem by 24.6% in the 4th quarter. Nordea Investment Management AB now owns 26,798 shares of the industrial products company’s stock valued at $3,125,000 after acquiring an additional 5,286 shares during the last quarter. Swedbank AB boosted its holdings in Xylem by 23.1% in the fourth quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company’s stock worth $427,325,000 after acquiring an additional 691,618 shares in the last quarter. Benson Investment Management Company Inc. purchased a new position in Xylem in the fourth quarter worth about $5,094,000. Franklin Resources Inc. raised its holdings in Xylem by 2.3% in the 3rd quarter. Franklin Resources Inc. now owns 1,597,657 shares of the industrial products company’s stock worth $219,262,000 after acquiring an additional 36,102 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in shares of Xylem by 31.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 575 shares of the industrial products company’s stock worth $67,000 after purchasing an additional 139 shares during the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

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.