Strategy Asset Managers LLC Raises Stock Position in Xylem Inc. (NYSE:XYL)

Strategy Asset Managers LLC increased its holdings in shares of Xylem Inc. (NYSE:XYL) by 20.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,262 shares of the industrial products company’s stock after purchasing an additional 561 shares during the period. Strategy Asset Managers LLC’s holdings in Xylem were worth $440,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. City Holding Co. grew its position in shares of 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 acquiring an additional 75 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake 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. First Trust Direct Indexing L.P. boosted its holdings in Xylem by 0.9% in 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 period. Addison Advisors LLC increased its stake in Xylem by 5.8% during 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 raised its holdings in shares of Xylem by 56.7% during the third quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 85 shares during the period. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Xylem Stock Performance

XYL opened at $122.84 on Thursday. The business has a 50 day moving average price of $130.33 and a two-hundred day moving average price of $134.46. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.96 and a quick ratio of 1.42. The company has a market capitalization of $29.84 billion, a price-to-earnings ratio of 35.92, a price-to-earnings-growth ratio of 2.25 and a beta of 1.05. Xylem Inc. has a 1-year low of $100.46 and a 1-year high of $146.08.

Xylem (NYSE:XYL) last released its earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.11. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same period in the previous year, the company earned $0.99 earnings per share. Xylem’s revenue was up .2% compared to the same quarter last year. Research analysts predict that Xylem Inc. will post 4.23 EPS for the current fiscal year.

Xylem Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, November 26th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date is Tuesday, November 26th. Xylem’s dividend payout ratio (DPR) is presently 42.11%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on XYL. UBS Group initiated coverage on shares of Xylem in a research report on Tuesday, August 13th. They set a “buy” rating and a $165.00 price objective for the company. Stifel Nicolaus increased 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. Robert W. Baird reduced their price objective on 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 on the stock in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada reduced their price target on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.