Nicholson Wealth Management Group LLC Invests $656,000 in Xylem Inc. (NYSE:XYL)

Nicholson Wealth Management Group LLC bought a new stake in Xylem Inc. (NYSE:XYL) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,855 shares of the industrial products company’s stock, valued at approximately $656,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of XYL. Swedbank AB acquired a new position in Xylem in the first quarter valued at $311,684,000. Sei Investments Co. lifted its stake in shares of Xylem by 56.4% in the 1st quarter. Sei Investments Co. now owns 1,013,314 shares of the industrial products company’s stock valued at $130,961,000 after purchasing an additional 365,420 shares in the last quarter. LPL Financial LLC grew its holdings in shares of Xylem by 246.6% during the 2nd quarter. LPL Financial LLC now owns 324,504 shares of the industrial products company’s stock worth $44,012,000 after purchasing an additional 230,878 shares during the period. Jennison Associates LLC purchased a new stake in shares of Xylem during the 1st quarter worth about $29,234,000. Finally, TCW Group Inc. increased its position in Xylem by 189.2% during the 2nd quarter. TCW Group Inc. now owns 315,400 shares of the industrial products company’s stock worth $42,778,000 after purchasing an additional 206,350 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Stock Down 0.8 %

Shares of NYSE:XYL opened at $130.65 on Friday. The firm has a market cap of $31.73 billion, a PE ratio of 41.34, a price-to-earnings-growth ratio of 2.31 and a beta of 1.04. The company has a fifty day simple moving average of $133.72 and a 200 day simple moving average of $135.18. The company has a current ratio of 1.85, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 12-month low of $87.59 and a 12-month high of $146.08.

Xylem (NYSE:XYL) last released its earnings results 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 company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the previous year, the firm earned $0.98 EPS. The company’s revenue was up 26.0% on a year-over-year basis. On average, equities research analysts anticipate that Xylem Inc. will post 4.26 EPS for the current fiscal year.

Xylem Dividend Announcement

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

Analyst Upgrades and Downgrades

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