Robert W. Baird Raises Xylem (NYSE:XYL) Price Target to $170.00

Xylem (NYSE:XYL) had its price objective hoisted by Robert W. Baird from $155.00 to $170.00 in a research note released on Wednesday, Benzinga reports. Robert W. Baird currently has an outperform rating on the industrial products company’s stock.

XYL has been the subject of a number of other reports. Mizuho upped their price target on Xylem from $110.00 to $135.00 and gave the company a neutral rating in a research note on Friday, May 3rd. TD Cowen increased their target price on shares of Xylem from $135.00 to $138.00 and gave the stock a buy rating in a report on Thursday, June 6th. Citigroup boosted their price target on shares of Xylem from $126.00 to $139.00 and gave the company a neutral rating in a report on Monday, April 8th. Argus upped their price objective on shares of Xylem from $146.00 to $165.00 and gave the company a buy rating in a research report on Wednesday, May 29th. Finally, Oppenheimer lifted their target price on Xylem from $147.00 to $152.00 and gave the stock an outperform rating in a report on Friday, May 31st. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $146.08.

Xylem Stock Performance

Xylem stock opened at $130.15 on Wednesday. Xylem has a 1 year low of $87.59 and a 1 year high of $146.08. The company’s 50-day moving average is $137.49 and its two-hundred day moving average is $131.06. The company has a current ratio of 1.85, a quick ratio of 1.22 and a debt-to-equity ratio of 0.19. The company has a market cap of $31.61 billion, a PE ratio of 46.32, a PEG ratio of 2.36 and a beta of 1.04.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.04. The firm had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.14 billion. Xylem had a net margin of 9.11% and a return on equity of 9.48%. The business’s revenue for the quarter was up 26.0% on a year-over-year basis. During the same period last year, the firm earned $0.98 earnings per share. Equities analysts anticipate that Xylem will post 4.25 earnings per share for the current year.

Xylem Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, May 30th were issued a dividend of $0.36 per share. The ex-dividend date was Thursday, May 30th. This represents a $1.44 annualized dividend and a yield of 1.11%. Xylem’s payout ratio is presently 51.25%.

Insider Activity at Xylem

In related news, SVP Rodney Aulick sold 21,800 shares of the firm’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $139.01, for a total value of $3,030,418.00. Following the completion of the transaction, the senior vice president now directly owns 76,287 shares of the company’s stock, valued at $10,604,655.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, SVP Rodney Aulick sold 21,800 shares of the firm’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $139.01, for a total value of $3,030,418.00. Following the completion of the transaction, the senior vice president now directly owns 76,287 shares of the company’s stock, valued at $10,604,655.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Geri-Michelle Mcshane sold 2,278 shares of the firm’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $138.63, for a total transaction of $315,799.14. Following the completion of the transaction, the chief accounting officer now directly owns 3,536 shares of the company’s stock, valued at $490,195.68. The disclosure for this sale can be found here. Insiders own 0.27% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC increased its holdings in shares of Xylem by 68.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 77 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in shares of Xylem by 3.5% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 2,317 shares of the industrial products company’s stock valued at $299,000 after purchasing an additional 79 shares during the last quarter. Waycross Investment Management Co grew its position in shares of Xylem by 1.8% in the second quarter. Waycross Investment Management Co now owns 4,895 shares of the industrial products company’s stock valued at $664,000 after purchasing an additional 87 shares during the last quarter. Bleakley Financial Group LLC grew its position in shares of Xylem by 2.3% in the first quarter. Bleakley Financial Group LLC now owns 4,042 shares of the industrial products company’s stock valued at $522,000 after purchasing an additional 90 shares during the last quarter. Finally, AtonRa Partners grew its position in shares of Xylem by 2.3% in the fourth quarter. AtonRa Partners now owns 4,001 shares of the industrial products company’s stock valued at $458,000 after purchasing an additional 91 shares during the last quarter. 87.96% of the stock is 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.