Janney Montgomery Scott LLC Purchases 9,474 Shares of Xylem Inc. (NYSE:XYL)

Janney Montgomery Scott LLC lifted its position in Xylem Inc. (NYSE:XYL) by 24.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,901 shares of the industrial products company’s stock after purchasing an additional 9,474 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Xylem were worth $5,558,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. City Holding Co. increased its holdings in shares of Xylem by 3.8% in the third quarter. City Holding Co. now owns 2,071 shares of the industrial products company’s stock worth $280,000 after purchasing an additional 75 shares during the last quarter. First Trust Direct Indexing L.P. increased its holdings in shares of Xylem by 0.9% in the third quarter. First Trust Direct Indexing L.P. now owns 9,070 shares of the industrial products company’s stock worth $1,225,000 after purchasing an additional 78 shares during the last quarter. Bangor Savings Bank increased 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 worth $32,000 after purchasing an additional 85 shares during the last quarter. Angeles Wealth Management LLC increased its holdings in shares of Xylem by 3.6% in the third quarter. Angeles Wealth Management LLC now owns 2,462 shares of the industrial products company’s stock worth $332,000 after purchasing an additional 86 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of Xylem by 6.6% in the third quarter. Farther Finance Advisors LLC now owns 1,412 shares of the industrial products company’s stock worth $191,000 after purchasing an additional 87 shares during the last quarter. 87.96% of the stock is owned by institutional investors.

Xylem Stock Down 0.1 %

Shares of NYSE:XYL opened at $121.26 on Thursday. Xylem Inc. has a 1 year low of $112.02 and a 1 year high of $146.08. The business has a 50 day simple moving average of $120.82 and a two-hundred day simple moving average of $128.04. The firm has a market capitalization of $29.46 billion, a PE ratio of 35.46, a price-to-earnings-growth ratio of 2.05 and a beta of 1.06. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.96 and a quick ratio of 1.42.

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

Xylem Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, November 26th were issued a $0.36 dividend. The ex-dividend date was Tuesday, November 26th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.19%. Xylem’s payout ratio is 42.11%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on XYL. Wolfe Research reissued a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Robert W. Baird reduced their price objective on Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Royal Bank of Canada reduced their price objective on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Citigroup reduced their price objective on Xylem from $148.00 to $147.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Finally, Stifel Nicolaus reduced their price objective on Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Xylem currently has a consensus rating of “Moderate Buy” and an average target price of $150.50.

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.