First Pacific Financial Grows Position in Xylem Inc. (NYSE:XYL)

First Pacific Financial raised its stake in Xylem Inc. (NYSE:XYL) by 1.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 7,565 shares of the industrial products company’s stock after acquiring an additional 130 shares during the period. First Pacific Financial’s holdings in Xylem were worth $1,022,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of XYL. EverSource Wealth Advisors LLC raised its holdings in Xylem by 68.8% during the first quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 77 shares during the last quarter. Bangor Savings Bank grew 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 purchasing an additional 85 shares during the period. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Xylem in the second quarter valued at $33,000. Blue Trust Inc. grew its position in shares of Xylem by 1,185.7% in the second quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 249 shares during the period. Finally, FinTrust Capital Advisors LLC grew its position in Xylem by 170.9% during the first quarter. FinTrust Capital Advisors LLC now owns 317 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 200 shares during the period. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Xylem Stock Performance

NYSE:XYL traded down $0.50 on Tuesday, hitting $136.74. The company’s stock had a trading volume of 899,728 shares, compared to its average volume of 1,192,824. The company has a current ratio of 1.85, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. The stock has a fifty day moving average of $133.02 and a two-hundred day moving average of $134.97. The firm has a market capitalization of $33.15 billion, a P/E ratio of 49.00, a price-to-earnings-growth ratio of 2.36 and a beta of 1.04. Xylem Inc. has a one year low of $87.59 and a one year high of $146.08.

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

Xylem Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend was Thursday, August 29th. Xylem’s payout ratio is 51.25%.

Analyst Upgrades and Downgrades

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

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.