Asset Advisors Investment Management LLC Acquires 1,937 Shares of Xylem Inc. (NYSE:XYL)

Asset Advisors Investment Management LLC increased its holdings in Xylem Inc. (NYSE:XYL) by 11.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,455 shares of the industrial products company’s stock after acquiring an additional 1,937 shares during the quarter. Asset Advisors Investment Management LLC’s holdings in Xylem were worth $2,492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of XYL. 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 buying an additional 85 shares during the last quarter. Mark Sheptoff Financial Planning LLC purchased a new position in shares of Xylem in the 2nd quarter worth about $33,000. Blue Trust Inc. raised its position in shares of Xylem by 1,185.7% in the 2nd 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. Assetmark Inc. boosted its stake in Xylem by 3,887.5% in the 3rd quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 311 shares in the last quarter. Finally, Catalyst Capital Advisors LLC increased its stake 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 purchasing an additional 235 shares in the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Xylem Stock Down 1.9 %

XYL stock opened at $121.07 on Friday. The company has a market cap of $29.41 billion, a price-to-earnings ratio of 35.40, a P/E/G ratio of 2.27 and a beta of 1.05. 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 business’s 50-day moving average is $127.98 and its two-hundred day moving average is $132.67. Xylem Inc. has a fifty-two week low of $106.52 and a fifty-two week high of $146.08.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, hitting the consensus estimate of $1.11. The firm had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.99 EPS. As a group, analysts forecast that Xylem Inc. will post 4.23 earnings per share for the current year.

Xylem Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, November 26th will be paid a $0.36 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $1.44 annualized dividend and a dividend yield of 1.19%. Xylem’s dividend payout ratio (DPR) is 42.11%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Stifel Nicolaus dropped their target price on shares of Xylem from $172.00 to $166.00 and set a “buy” rating on the stock in a research note on Wednesday. Citigroup raised Xylem from a “neutral” rating to a “buy” rating and upped their price objective for the company from $135.00 to $148.00 in a research report on Monday. Wolfe Research reissued a “peer perform” rating on shares of Xylem in a report on Thursday. Robert W. Baird decreased their price target on Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Finally, Royal Bank of Canada dropped their price objective on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Xylem presently has an average rating of “Moderate Buy” and an average price target of $149.91.

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.