Xylem (NYSE:XYL) Shares Up 6.4% – Here’s Why

Xylem Inc. (NYSE:XYL) traded up 6.4% during trading on Tuesday . The company traded as high as $131.93 and last traded at $130.65. 367,145 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 1,206,341 shares. The stock had previously closed at $122.80.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on XYL. Wolfe Research restated a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Citigroup cut their target price on Xylem from $148.00 to $147.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Robert W. Baird decreased their target price on Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. TD Cowen reduced their target price on Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Finally, Stifel Nicolaus reduced their price objective on Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $150.50.

Xylem Trading Up 6.1 %

The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $31.65 billion, a PE ratio of 37.95, a price-to-earnings-growth ratio of 2.11 and a beta of 1.07. The company’s 50-day simple moving average is $120.56 and its 200 day simple moving average is $127.62.

Xylem Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend was Tuesday, November 26th. Xylem’s payout ratio is 42.11%.

Hedge Funds Weigh In On Xylem

A number of institutional investors have recently modified their holdings of XYL. Impax Asset Management Group plc raised its position in shares of Xylem by 231.5% in the fourth quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company’s stock worth $644,039,000 after acquiring an additional 3,883,845 shares during the period. RPG Investment Advisory LLC boosted its position in Xylem by 22.5% during the fourth quarter. RPG Investment Advisory LLC now owns 132,143 shares of the industrial products company’s stock worth $15,331,000 after purchasing an additional 24,297 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in Xylem in the fourth quarter valued at approximately $3,395,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Xylem by 94.9% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 66,539 shares of the industrial products company’s stock valued at $7,720,000 after buying an additional 32,400 shares in the last quarter. Finally, Redmond Asset Management LLC increased its stake in shares of Xylem by 2.1% during the fourth quarter. Redmond Asset Management LLC now owns 28,384 shares of the industrial products company’s stock worth $3,293,000 after purchasing an additional 574 shares in the last quarter. Hedge funds and other 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.