Hennion & Walsh Asset Management Inc. lifted its holdings in Xylem Inc. (NYSE:XYL – Free Report) by 34.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,419 shares of the industrial products company’s stock after buying an additional 883 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Xylem were worth $462,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently bought and sold shares of XYL. Swedbank AB lifted its stake in Xylem by 22.8% in the 3rd quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company’s stock worth $403,953,000 after purchasing an additional 554,609 shares in the last quarter. Mirova US LLC boosted its stake in Xylem by 2.0% during the second quarter. Mirova US LLC now owns 1,876,618 shares of the industrial products company’s stock worth $254,526,000 after buying an additional 36,013 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in Xylem by 2.2% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 1,665,090 shares of the industrial products company’s stock valued at $227,364,000 after buying an additional 36,601 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Xylem by 8.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,474,033 shares of the industrial products company’s stock worth $199,930,000 after acquiring an additional 113,571 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in shares of Xylem by 3.1% during the 2nd quarter. Sei Investments Co. now owns 1,045,023 shares of the industrial products company’s stock worth $141,736,000 after acquiring an additional 31,709 shares during the period. 87.96% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the stock. TD Cowen restated a “hold” rating and set a $138.00 price objective on shares of Xylem in a research report on Tuesday, September 3rd. Royal Bank of Canada lifted their price target on shares of Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Stifel Nicolaus increased their price objective 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 raised their target price on Xylem from $155.00 to $170.00 and gave the stock an “outperform” 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 issued a “buy” rating and a $165.00 price target on the stock. Four equities research 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 company presently has an average rating of “Moderate Buy” and an average target price of $149.67.
Xylem Stock Performance
Shares of Xylem stock opened at $130.83 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.85 and a quick ratio of 1.33. The stock has a market capitalization of $31.78 billion, a price-to-earnings ratio of 41.40, a price-to-earnings-growth ratio of 2.30 and a beta of 1.04. The business has a 50-day moving average of $133.60 and a 200 day moving average of $135.30. Xylem Inc. has a 12 month low of $87.59 and a 12 month high of $146.08.
Xylem (NYSE:XYL – Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.14 billion. Xylem had a net margin of 9.11% and a return on equity of 9.48%. The business’s revenue for the quarter was up 26.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.98 earnings per share. As a group, sell-side analysts forecast that Xylem Inc. will post 4.26 earnings per share for the current year.
Xylem Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th were paid a $0.36 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $1.44 annualized dividend and a dividend yield of 1.10%. 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.
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