Integrated Wealth Concepts LLC Purchases 557 Shares of Xylem Inc. (NYSE:XYL)

Integrated Wealth Concepts LLC boosted its holdings in shares of Xylem Inc. (NYSE:XYL) by 20.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 3,277 shares of the industrial products company’s stock after purchasing an additional 557 shares during the period. Integrated Wealth Concepts LLC’s holdings in Xylem were worth $442,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. City Holding Co. lifted its holdings in shares of Xylem by 3.8% during the 3rd quarter. City Holding Co. now owns 2,071 shares of the industrial products company’s stock valued at $280,000 after purchasing an additional 75 shares in the last quarter. First Trust Direct Indexing L.P. raised its holdings in Xylem by 0.9% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 9,070 shares of the industrial products company’s stock worth $1,225,000 after buying an additional 78 shares during the period. Addison Advisors LLC lifted its stake in Xylem by 5.8% in the second quarter. Addison Advisors LLC now owns 1,486 shares of the industrial products company’s stock valued at $202,000 after buying an additional 82 shares in the last quarter. Bangor Savings Bank boosted its holdings in shares of Xylem by 56.7% in the third quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock valued at $32,000 after buying an additional 85 shares during the period. Finally, Angeles Wealth Management LLC increased its position in shares of Xylem by 3.6% during the third quarter. Angeles Wealth Management LLC now owns 2,462 shares of the industrial products company’s stock worth $332,000 after acquiring an additional 86 shares in the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

XYL has been the subject of a number of research analyst reports. TD Cowen reduced their target price 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. Royal Bank of Canada dropped their target price on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Robert W. Baird reduced their price target on Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Stifel Nicolaus lowered their price objective on shares of Xylem from $172.00 to $166.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Citigroup upgraded shares of Xylem from a “neutral” rating to a “buy” rating and increased their target price for the stock from $135.00 to $148.00 in a report on Monday. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $149.91.

Xylem Stock Down 4.0 %

Shares of XYL stock opened at $123.38 on Thursday. Xylem Inc. has a 52-week low of $106.52 and a 52-week high of $146.08. 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 cap of $29.98 billion, a price-to-earnings ratio of 36.08, a PEG ratio of 2.33 and a beta of 1.05. The firm’s 50-day moving average is $128.22 and its 200-day moving average is $132.75.

Xylem (NYSE:XYL) last released its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 earnings per share (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 company had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same period last year, the firm posted $0.99 earnings per share. The business’s revenue was up .2% on a year-over-year basis. Sell-side analysts predict that Xylem Inc. will post 4.23 EPS for the current year.

Xylem Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.44 annualized dividend and a yield of 1.17%. Xylem’s dividend payout ratio is currently 42.11%.

About Xylem

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.