Xylem (NYSE:XYL) Given New $150.00 Price Target at Stifel Nicolaus

Xylem (NYSE:XYL) had its target price cut by investment analysts at Stifel Nicolaus from $166.00 to $150.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 23.55% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. Royal Bank of Canada reduced their price target on Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. TD Cowen cut their price objective on shares of Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Citigroup decreased their target price on Xylem from $148.00 to $147.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Wolfe Research restated a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Finally, Robert W. Baird reduced their target price on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Xylem has an average rating of “Moderate Buy” and an average target price of $150.50.

Xylem Trading Down 0.1 %

Xylem stock traded down $0.17 during mid-day trading on Friday, hitting $121.41. The stock had a trading volume of 226,748 shares, compared to its average volume of 1,196,204. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $29.50 billion, a PE ratio of 35.50, a P/E/G ratio of 2.05 and a beta of 1.06. The stock has a 50-day simple moving average of $120.88 and a two-hundred day simple moving average of $128.50. Xylem has a 12 month low of $111.72 and a 12 month high of $146.08.

Xylem (NYSE:XYL) last posted its earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.11. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period in the previous year, the company earned $0.99 EPS. The company’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, sell-side analysts forecast that Xylem will post 4.23 EPS for the current year.

Institutional Investors Weigh In On Xylem

Institutional investors have recently made changes to their positions in the stock. Swedbank AB grew its holdings in Xylem by 23.1% during the 4th 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 during the period. Erste Asset Management GmbH bought a new stake in Xylem in the third quarter worth approximately $68,593,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Xylem in the third quarter valued at approximately $52,169,000. Champlain Investment Partners LLC boosted its holdings in shares of Xylem by 17.8% during the 3rd quarter. Champlain Investment Partners LLC now owns 1,657,785 shares of the industrial products company’s stock worth $223,851,000 after buying an additional 249,975 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Xylem by 1.9% in the 3rd quarter. State Street Corp now owns 10,329,494 shares of the industrial products company’s stock valued at $1,394,792,000 after acquiring an additional 189,820 shares in 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.