OneDigital Investment Advisors LLC Sells 168 Shares of Xylem Inc. (NYSE:XYL)

OneDigital Investment Advisors LLC cut its holdings in Xylem Inc. (NYSE:XYL) by 5.6% during the 3rd quarter, Holdings Channel reports. The firm owned 2,810 shares of the industrial products company’s stock after selling 168 shares during the period. OneDigital Investment Advisors LLC’s holdings in Xylem were worth $380,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC lifted its position in Xylem by 68.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 77 shares in the last quarter. Bangor Savings Bank raised its stake in Xylem by 56.7% during the third quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 85 shares in the last quarter. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Xylem in the second quarter valued at $33,000. Blue Trust Inc. grew its holdings in shares of Xylem by 1,185.7% in the second quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 249 shares during the last quarter. Finally, Assetmark Inc. increased its position in shares of Xylem by 3,887.5% during the third quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 311 shares during the period. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Robert W. Baird cut their price objective on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Stifel Nicolaus lifted 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. Royal Bank of Canada lowered their target price 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. UBS Group initiated coverage on Xylem in a research note on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price objective on the stock. Finally, TD Cowen decreased their price objective on shares of Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Xylem presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.64.

Xylem Trading Up 2.3 %

Shares of XYL stock opened at $125.69 on Friday. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 0.19. Xylem Inc. has a fifty-two week low of $101.09 and a fifty-two week high of $146.08. The stock has a market cap of $30.54 billion, a P/E ratio of 36.75, a P/E/G ratio of 2.25 and a beta of 1.05. The business has a fifty day simple moving average of $130.22 and a 200-day simple moving average of $134.40.

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

Xylem Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, November 26th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Tuesday, November 26th. Xylem’s dividend payout ratio is presently 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.