Xylem Inc. (NYSE:XYL) Shares Acquired by Smith Thornton Advisors LLC

Smith Thornton Advisors LLC increased its holdings in shares of Xylem Inc. (NYSE:XYL) by 6.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,948 shares of the industrial products company’s stock after purchasing an additional 170 shares during the quarter. Smith Thornton Advisors LLC’s holdings in Xylem were worth $398,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. City Holding Co. boosted its stake in shares of Xylem by 3.8% in the third quarter. City Holding Co. now owns 2,071 shares of the industrial products company’s stock valued at $280,000 after buying an additional 75 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Xylem by 68.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 77 shares in the last quarter. First Trust Direct Indexing L.P. raised its holdings in Xylem by 0.9% during the third quarter. First Trust Direct Indexing L.P. now owns 9,070 shares of the industrial products company’s stock worth $1,225,000 after purchasing an additional 78 shares during the last quarter. Addison Advisors LLC grew its holdings in Xylem by 5.8% in the second quarter. Addison Advisors LLC now owns 1,486 shares of the industrial products company’s stock valued at $202,000 after purchasing an additional 82 shares during the last quarter. Finally, Bangor Savings Bank increased its position in shares of Xylem by 56.7% in the third quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock valued at $32,000 after buying an additional 85 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Xylem Price Performance

NYSE XYL opened at $123.66 on Friday. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. The company has a 50-day moving average price of $131.73 and a two-hundred day moving average price of $135.00. The stock has a market cap of $30.04 billion, a price-to-earnings ratio of 36.16, a price-to-earnings-growth ratio of 2.28 and a beta of 1.05. Xylem Inc. has a 52 week low of $96.31 and a 52 week high of $146.08.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.11. The business had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.17 billion. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The business’s revenue was up .2% on a year-over-year basis. During the same period last year, the firm posted $0.99 earnings per share. Analysts forecast that Xylem Inc. will post 4.23 EPS for the current year.

Xylem Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, August 29th were given a $0.36 dividend. The ex-dividend date was Thursday, August 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.16%. Xylem’s dividend payout ratio (DPR) is 42.11%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on XYL shares. Royal Bank of Canada cut their target price on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Robert W. Baird cut their price objective on shares of 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 dropped 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. Stifel Nicolaus lifted their price target on Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, UBS Group started coverage on shares of Xylem in a report on Tuesday, August 13th. They set a “buy” rating and a $165.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Xylem presently has a consensus rating of “Moderate Buy” and an average price target of $147.17.

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.