2,778 Shares in Xylem Inc. (NYSE:XYL) Purchased by Smith Thornton Advisors LLC

Smith Thornton Advisors LLC purchased a new stake in Xylem Inc. (NYSE:XYL) in the second quarter, Holdings Channel reports. The institutional investor purchased 2,778 shares of the industrial products company’s stock, valued at approximately $377,000.

Other large investors also recently made changes to their positions in the company. TD Asset Management Inc grew its position in Xylem by 5.6% in the fourth quarter. TD Asset Management Inc now owns 82,820 shares of the industrial products company’s stock worth $9,471,000 after buying an additional 4,415 shares during the last quarter. Stifel Financial Corp raised its holdings in Xylem by 17.2% during the 4th quarter. Stifel Financial Corp now owns 158,099 shares of the industrial products company’s stock worth $18,083,000 after buying an additional 23,172 shares during the period. Treasurer of the State of North Carolina lifted its stake in Xylem by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 108,282 shares of the industrial products company’s stock valued at $12,383,000 after buying an additional 1,040 shares in the last quarter. TFO Wealth Partners LLC boosted its holdings in shares of Xylem by 687.8% in the fourth quarter. TFO Wealth Partners LLC now owns 1,544 shares of the industrial products company’s stock worth $177,000 after buying an additional 1,348 shares during the period. Finally, Laidlaw Wealth Management LLC purchased a new position in shares of Xylem in the fourth quarter worth approximately $207,000. Institutional investors own 87.96% of the company’s stock.

Xylem Stock Up 0.4 %

Shares of Xylem stock opened at $134.15 on Friday. The stock has a 50-day simple moving average of $133.27 and a 200-day simple moving average of $134.33. Xylem Inc. has a 52-week low of $87.59 and a 52-week high of $146.08. The firm has a market cap of $32.58 billion, a price-to-earnings ratio of 47.74, a P/E/G ratio of 2.34 and a beta of 1.04. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.85 and a quick ratio of 1.33.

Xylem (NYSE:XYL) last posted its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.04. Xylem had a net margin of 9.11% and a return on equity of 9.48%. The firm had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same period in the previous year, the company earned $0.98 earnings per share. The company’s revenue was up 26.0% compared to the same quarter last year. On average, equities research analysts expect that Xylem Inc. will post 4.26 earnings per share for the current fiscal year.

Xylem Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, August 29th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date was Thursday, August 29th. Xylem’s dividend payout ratio is presently 51.25%.

Analyst Ratings Changes

XYL has been the subject of several research analyst reports. Royal Bank of Canada upped 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. UBS Group initiated coverage on Xylem in a research report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 target price for the company. Robert W. Baird lifted their price target on Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a 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 note on Wednesday, July 31st. Finally, Oppenheimer raised their price objective on Xylem from $147.00 to $152.00 and gave the stock an “outperform” rating in a research report on Friday, May 31st. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $147.54.

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.