Xylem (NYSE:XYL) Downgraded to Hold Rating by Citigroup

Citigroup downgraded shares of Xylem (NYSE:XYL) from a strong-buy rating to a hold rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

XYL has been the topic of a number of other reports. TD Cowen lowered their price target on shares of Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. Stifel Nicolaus decreased their price target on Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Robert W. Baird upped their price target on Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a report on Wednesday. Royal Bank of Canada reduced their price objective on Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Finally, Wolfe Research restated a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $149.90.

Xylem Trading Down 0.2 %

NYSE XYL opened at $131.11 on Wednesday. The company has a quick ratio of 1.42, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $31.85 billion, a P/E ratio of 35.82, a P/E/G ratio of 2.36 and a beta of 1.07. Xylem has a 52-week low of $113.26 and a 52-week high of $146.08. The firm has a 50-day moving average price of $120.95 and a 200 day moving average price of $127.55.

Xylem (NYSE:XYL) last issued its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.06. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The business 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 posted $0.99 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. Equities research analysts expect that Xylem will post 4.66 EPS for the current year.

Xylem Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th will be paid a $0.40 dividend. This is an increase from Xylem’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.60 annualized dividend and a yield of 1.22%. Xylem’s payout ratio is presently 39.34%.

Institutional Investors Weigh In On Xylem

Several hedge funds have recently modified their holdings of the company. Rialto Wealth Management LLC acquired a new position in shares of Xylem in the fourth quarter valued at approximately $31,000. Heck Capital Advisors LLC purchased a new position in shares of Xylem during the 4th quarter worth $36,000. Pathway Financial Advisers LLC boosted its holdings in shares of Xylem by 122.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 175 shares during the last quarter. SRS Capital Advisors Inc. grew its position in shares of Xylem by 69.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 130 shares during the period. Finally, Assetmark Inc. increased its stake in Xylem by 3,887.5% in the third quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 311 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.