TD Cowen Forecasts Strong Price Appreciation for Xylem (NYSE:XYL) Stock

Xylem (NYSE:XYL) had its price objective upped by TD Cowen from $125.00 to $130.00 in a report issued on Tuesday morning,Benzinga reports. They currently have a hold rating on the industrial products company’s stock.

A number of other equities analysts have also recently weighed in on XYL. JPMorgan Chase & Co. began coverage on Xylem in a report on Friday, May 30th. They issued an “overweight” rating and a $148.00 price target for the company. Royal Bank Of Canada boosted their target price on shares of Xylem from $143.00 to $147.00 and gave the company an “outperform” rating in a research note on Wednesday, April 30th. Raymond James Financial raised shares of Xylem to a “hold” rating in a research note on Thursday, May 15th. UBS Group boosted their price objective on shares of Xylem from $164.00 to $168.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Finally, Citigroup reissued a “buy” rating and issued a $152.00 price objective (up previously from $137.00) on shares of Xylem in a research report on Monday, July 14th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Xylem presently has a consensus rating of “Moderate Buy” and an average target price of $152.29.

Xylem Stock Performance

Shares of XYL opened at $143.99 on Tuesday. The company has a current ratio of 1.90, a quick ratio of 1.43 and a debt-to-equity ratio of 0.17. The stock has a market cap of $35.05 billion, a P/E ratio of 37.40, a PEG ratio of 2.50 and a beta of 1.11. The company has a 50-day moving average of $135.71 and a two-hundred day moving average of $126.80. Xylem has a 12-month low of $100.47 and a 12-month high of $145.33.

Xylem (NYSE:XYL) last announced its earnings results on Thursday, July 31st. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.11. Xylem had a net margin of 10.74% and a return on equity of 10.33%. The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.20 billion. During the same quarter in the previous year, the business posted $1.09 earnings per share. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. As a group, research analysts predict that Xylem will post 4.65 EPS for the current fiscal year.

Xylem Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, August 28th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Xylem’s dividend payout ratio is currently 41.56%.

Hedge Funds Weigh In On Xylem

Several institutional investors and hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC increased its holdings in shares of Xylem by 2.9% during the 4th quarter. NewEdge Advisors LLC now owns 4,019 shares of the industrial products company’s stock worth $466,000 after buying an additional 112 shares during the last quarter. Voya Investment Management LLC increased its holdings in shares of Xylem by 5.0% during the 4th quarter. Voya Investment Management LLC now owns 100,671 shares of the industrial products company’s stock worth $11,680,000 after buying an additional 4,801 shares during the last quarter. Northern Trust Corp increased its stake in Xylem by 42.0% during the fourth quarter. Northern Trust Corp now owns 3,268,433 shares of the industrial products company’s stock worth $379,204,000 after acquiring an additional 966,399 shares during the last quarter. Lido Advisors LLC increased its stake in Xylem by 15.7% during the fourth quarter. Lido Advisors LLC now owns 7,664 shares of the industrial products company’s stock worth $889,000 after acquiring an additional 1,041 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC increased its stake in Xylem by 30.0% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 3,499 shares of the industrial products company’s stock worth $406,000 after acquiring an additional 808 shares during the last quarter. Institutional investors and hedge funds 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.