Smith Salley Wealth Management Boosts Stock Holdings in Xylem Inc. (NYSE:XYL)

Smith Salley Wealth Management lifted its stake in Xylem Inc. (NYSE:XYL) by 2.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,639 shares of the industrial products company’s stock after acquiring an additional 2,255 shares during the period. Smith Salley Wealth Management’s holdings in Xylem were worth $10,889,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. City Holding Co. increased its stake in Xylem by 3.8% in the 3rd quarter. City Holding Co. now owns 2,071 shares of the industrial products company’s stock worth $280,000 after purchasing an additional 75 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Xylem by 68.8% during the first quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 77 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Xylem by 3.5% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 2,317 shares of the industrial products company’s stock valued at $299,000 after acquiring an additional 79 shares during the last quarter. Addison Advisors LLC grew its stake in shares of Xylem by 5.8% in the second quarter. Addison Advisors LLC now owns 1,486 shares of the industrial products company’s stock worth $202,000 after purchasing an additional 82 shares during the last quarter. Finally, Bangor Savings Bank increased its holdings in Xylem by 56.7% during the 3rd quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 85 shares during the period. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on XYL shares. Robert W. Baird boosted their target price on Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Royal Bank of Canada upped their price objective on shares of Xylem from $160.00 to $163.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. TD Cowen reaffirmed a “hold” rating and set a $138.00 target price on shares of Xylem in a research note on Tuesday, September 3rd. Stifel Nicolaus lifted their price target on Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, UBS Group assumed coverage on shares of Xylem in a research report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 target price on the stock. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Xylem presently has a consensus rating of “Moderate Buy” and an average target price of $149.67.

Xylem Trading Down 0.2 %

NYSE:XYL opened at $130.42 on Friday. The stock has a market cap of $31.68 billion, a price-to-earnings ratio of 41.27, a PEG ratio of 2.31 and a beta of 1.04. The company has a quick ratio of 1.33, a current ratio of 1.85 and a debt-to-equity ratio of 0.19. The company’s 50 day moving average price is $133.67 and its 200-day moving average price is $135.24. Xylem Inc. has a 52 week low of $87.59 and a 52 week high of $146.08.

Xylem (NYSE:XYL) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.05 by $0.04. Xylem had a return on equity of 9.48% and a net margin of 9.11%. The business had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same period last year, the business posted $0.98 EPS. The company’s revenue was up 26.0% compared to the same quarter last year. On average, equities research analysts forecast that Xylem Inc. will post 4.26 earnings per share for the current fiscal year.

Xylem Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date was Thursday, August 29th. Xylem’s dividend payout ratio (DPR) is 45.57%.

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.