Xylem (NYSE:XYL) Stock Price Target Cut by JPMorgan Chase & Co.

Xylem (NYSE:XYL) had its price target reduced by equities researchers at JPMorgan Chase & Co. from $137.00 to $118.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 13.93% from the stock’s previous close.

Several other equities research analysts have also weighed in on XYL. Jefferies Financial Group upped their price objective on Xylem from $145.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, August 24th. Weiss Ratings restated a “hold (c)” rating on shares of Xylem in a research report on Wednesday, August 5th. UBS Group lowered their price target on Xylem from $138.00 to $112.00 and set a “neutral” rating on the stock in a research report on Monday, October 5th. Robert W. Baird upped their price target on Xylem from $163.00 to $165.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Finally, Oppenheimer reiterated an “outperform” rating and set a $150.00 price objective (down from $158.00) on shares of Xylem in a research note on Wednesday, October 14th. Eight analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $140.85.

Xylem Price Performance

Shares of Xylem stock traded down $0.48 during trading on Monday, hitting $103.57. 1,227,061 shares of the company’s stock traded hands, compared to its average volume of 2,069,116. The company has a market cap of $24.18 billion, a PE ratio of 24.66, a PEG ratio of 1.67 and a beta of 1.00. The firm’s fifty day moving average price is $108.40 and its 200 day moving average price is $113.89. Xylem has a twelve month low of $98.58 and a twelve month high of $154.27. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.61 and a quick ratio of 1.24.

Xylem (NYSE:XYL) last posted its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.12. The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.34 billion. Xylem had a net margin of 11.15% and a return on equity of 11.77%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.26 earnings per share. Xylem has set its FY 2026 guidance at 5.550-5.700 EPS. Analysts forecast that Xylem will post 5.66 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of XYL. XXEC Inc. bought a new position in Xylem in the second quarter valued at about $850,841,000. BlackRock Inc. acquired a new stake in Xylem in the second quarter worth about $2,959,730,000. State Street Corp increased its position in Xylem by 2.4% in the second quarter. State Street Corp now owns 11,444,669 shares of the industrial products company’s stock worth $1,352,874,000 after purchasing an additional 270,972 shares during the period. Swedbank AB raised its holdings in Xylem by 0.3% during the 1st quarter. Swedbank AB now owns 5,526,725 shares of the industrial products company’s stock worth $660,444,000 after purchasing an additional 18,759 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in Xylem by 1.1% during the 1st quarter. Royal Bank of Canada now owns 4,763,241 shares of the industrial products company’s stock worth $569,207,000 after purchasing an additional 53,210 shares during the last quarter. Institutional investors own 87.96% of the company’s stock.

About Xylem

Xylem Inc (NYSE: XYL) is a global water technology company that develops products and services for the transportation, treatment, testing and efficient use of water and wastewater. Its offerings support municipal water and wastewater utilities, industrial customers, commercial facilities and residential applications.

The company’s products and solutions include water and wastewater pumps, treatment systems, dewatering equipment, smart meters, monitoring and control technologies, leak detection tools, and data-driven analytics.