Smith Thornton Advisors LLC Increases Stake in Xylem Inc. (NYSE:XYL)

Smith Thornton Advisors LLC raised its stake in Xylem Inc. (NYSE:XYL) by 6.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,948 shares of the industrial products company’s stock after acquiring an additional 170 shares during the period. Smith Thornton Advisors LLC’s holdings in Xylem were worth $398,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its stake in Xylem by 68.8% during the first quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 77 shares in the last quarter. Bangor Savings Bank grew its position in 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 acquiring an additional 85 shares in the last quarter. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Xylem in the 2nd quarter valued at approximately $33,000. Blue Trust Inc. increased its position in shares of Xylem by 1,185.7% during the 2nd quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 249 shares during the last quarter. Finally, Catalyst Capital Advisors LLC raised its holdings in Xylem by 226.0% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 339 shares of the industrial products company’s stock valued at $46,000 after buying an additional 235 shares during the period. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Analyst Upgrades and Downgrades

XYL has been the topic of several recent analyst reports. Royal Bank of Canada reduced their target price on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. TD Cowen reduced their price objective on Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a report on Wednesday. Robert W. Baird decreased their target price 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 lifted their price objective on Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, UBS Group initiated coverage on shares of Xylem in a research note on Tuesday, August 13th. They set a “buy” rating and a $165.00 price objective on the stock. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Xylem has an average rating of “Moderate Buy” and an average target price of $147.17.

Xylem Stock Performance

NYSE:XYL opened at $123.66 on Friday. 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 $30.04 billion, a PE ratio of 36.16, a P/E/G ratio of 2.28 and a beta of 1.05. Xylem Inc. has a fifty-two week low of $96.31 and a fifty-two week high of $146.08. The company has a fifty day moving average of $131.73 and a two-hundred day moving average of $135.00.

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

Xylem Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $1.44 annualized dividend and a yield of 1.16%. Xylem’s dividend payout ratio (DPR) is presently 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.