Hanson & Doremus Investment Management Purchases 205 Shares of Xylem Inc. (NYSE:XYL)

Hanson & Doremus Investment Management increased its position in Xylem Inc. (NYSE:XYL) by 2.8% during the second quarter, Holdings Channel reports. The firm owned 7,518 shares of the industrial products company’s stock after buying an additional 205 shares during the quarter. Hanson & Doremus Investment Management’s holdings in Xylem were worth $1,020,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its position in Xylem by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 28,048,996 shares of the industrial products company’s stock worth $3,207,683,000 after buying an additional 187,847 shares during the last quarter. Swedbank AB boosted its stake in shares of Xylem by 1.0% during the 2nd quarter. Swedbank AB now owns 2,436,974 shares of the industrial products company’s stock worth $330,527,000 after acquiring an additional 25,308 shares during the period. Mirova US LLC increased its holdings in shares of Xylem by 2.0% during the 2nd quarter. Mirova US LLC now owns 1,876,618 shares of the industrial products company’s stock worth $254,526,000 after acquiring an additional 36,013 shares during the last quarter. Norges Bank bought a new stake in Xylem in the 4th quarter valued at $198,207,000. Finally, DekaBank Deutsche Girozentrale lifted its holdings in Xylem by 2.2% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 1,665,090 shares of the industrial products company’s stock valued at $227,364,000 after purchasing an additional 36,601 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on XYL shares. Royal Bank of Canada upped their price objective on shares of Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. UBS Group assumed coverage on shares of Xylem in a research note on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price target on the stock. Stifel Nicolaus raised their price objective on shares of Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Argus upped their target price on Xylem from $146.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Finally, Oppenheimer lifted their price target on Xylem from $147.00 to $152.00 and gave the stock an “outperform” rating in a report on Friday, May 31st. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $147.54.

Xylem Stock Performance

NYSE:XYL opened at $130.83 on Friday. The company has a market cap of $31.78 billion, a price-to-earnings ratio of 46.56, a PEG ratio of 2.31 and a beta of 1.04. Xylem Inc. has a fifty-two week low of $87.59 and a fifty-two week high of $146.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.85. The stock has a fifty day moving average price of $133.88 and a 200-day moving average price of $133.94.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.04. Xylem had a net margin of 9.11% and a return on equity of 9.48%. The business had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same quarter in the prior year, the business posted $0.98 earnings per share. Xylem’s revenue was up 26.0% compared to the same quarter last year. As a group, equities analysts anticipate that Xylem Inc. will post 4.26 EPS for the current fiscal year.

Xylem Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, August 29th will be given a dividend of $0.36 per share. The ex-dividend date is Thursday, August 29th. This represents a $1.44 annualized dividend and a dividend yield of 1.10%. Xylem’s dividend payout ratio is 51.25%.

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.