Janney Montgomery Scott LLC Grows Position in Xylem Inc. (NYSE:XYL)

Janney Montgomery Scott LLC grew its stake in shares of Xylem Inc. (NYSE:XYL) by 1.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 38,427 shares of the industrial products company’s stock after purchasing an additional 713 shares during the period. Janney Montgomery Scott LLC’s holdings in Xylem were worth $5,189,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in XYL. Russell Investments Group Ltd. boosted its holdings in Xylem by 12.9% during the first quarter. Russell Investments Group Ltd. now owns 338,315 shares of the industrial products company’s stock worth $43,737,000 after buying an additional 38,603 shares in the last quarter. California State Teachers Retirement System lifted its position in shares of Xylem by 1.4% during the 1st quarter. California State Teachers Retirement System now owns 393,856 shares of the industrial products company’s stock valued at $50,902,000 after acquiring an additional 5,477 shares during the period. Cetera Investment Advisers boosted its stake in shares of Xylem by 191.7% during the 1st quarter. Cetera Investment Advisers now owns 27,412 shares of the industrial products company’s stock worth $3,543,000 after acquiring an additional 18,014 shares in the last quarter. Edgestream Partners L.P. grew its holdings in shares of Xylem by 82.6% in the 1st quarter. Edgestream Partners L.P. now owns 25,070 shares of the industrial products company’s stock worth $3,240,000 after acquiring an additional 11,344 shares during the period. Finally, BOKF NA increased its stake in Xylem by 967.9% in the 1st quarter. BOKF NA now owns 68,941 shares of the industrial products company’s stock valued at $8,869,000 after purchasing an additional 62,485 shares in the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on XYL shares. TD Cowen lowered their target price on Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a report on Wednesday. Stifel Nicolaus increased their price objective on shares of Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. UBS Group began coverage on shares of Xylem in a report on Tuesday, August 13th. They set a “buy” rating and a $165.00 target price for the company. Robert W. Baird reduced their price target on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, Royal Bank of Canada dropped their price objective on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Xylem presently has a consensus rating of “Moderate Buy” and a consensus target price of $147.17.

Xylem Stock Up 0.6 %

XYL stock opened at $124.37 on Friday. The company has a 50 day moving average price of $131.47 and a two-hundred day moving average price of $135.00. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.96. The stock has a market capitalization of $30.22 billion, a P/E ratio of 36.37, a PEG ratio of 2.28 and a beta of 1.05. Xylem Inc. has a one year low of $96.61 and a one year high of $146.08.

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

Xylem Dividend Announcement

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

Xylem 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.