Xylem (NYSE:XYL) Downgraded by Citigroup to “Hold”

Xylem (NYSE:XYL) was downgraded by research analysts at Citigroup from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

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

Xylem Stock Performance

Shares of Xylem stock opened at $131.11 on Wednesday. Xylem has a 1-year low of $113.26 and a 1-year high of $146.08. The company has a 50 day moving average of $120.95 and a 200-day moving average of $127.55. The company has a current ratio of 1.76, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. The company has a market cap of $31.85 billion, a PE ratio of 35.82, a price-to-earnings-growth ratio of 2.36 and a beta of 1.07.

Xylem (NYSE:XYL) last issued its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.06. The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.18 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. Xylem’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.99 earnings per share. As a group, equities research analysts forecast that Xylem will post 4.66 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Xylem

A number of hedge funds have recently bought and sold shares of XYL. Sequoia Financial Advisors LLC raised its stake in shares of Xylem by 5.5% in the fourth quarter. Sequoia Financial Advisors LLC now owns 272,691 shares of the industrial products company’s stock valued at $31,638,000 after acquiring an additional 14,174 shares during the period. Moors & Cabot Inc. increased its holdings in shares of Xylem by 2.2% in the 4th quarter. Moors & Cabot Inc. now owns 8,111 shares of the industrial products company’s stock valued at $941,000 after acquiring an additional 175 shares during the period. Natural Investments LLC bought a new position in shares of Xylem during the 4th quarter worth approximately $1,673,000. King Luther Capital Management Corp grew its stake in Xylem by 1.5% during the 4th quarter. King Luther Capital Management Corp now owns 974,322 shares of the industrial products company’s stock worth $113,041,000 after buying an additional 14,699 shares during the last quarter. Finally, Citizens Financial Group Inc. RI raised its position in Xylem by 40.6% during the 4th quarter. Citizens Financial Group Inc. RI now owns 3,723 shares of the industrial products company’s stock worth $432,000 after buying an additional 1,075 shares during the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

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.