Middleton & Co. Inc. MA Has $10.21 Million Position in Xylem Inc. (NYSE:XYL)

Middleton & Co. Inc. MA trimmed its position in Xylem Inc. (NYSE:XYL) by 3.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,294 shares of the industrial products company’s stock after selling 2,707 shares during the period. Xylem makes up approximately 1.2% of Middleton & Co. Inc. MA’s holdings, making the stock its 29th biggest holding. Middleton & Co. Inc. MA’s holdings in Xylem were worth $10,212,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its position in shares of Xylem by 68.8% during the first quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 77 shares in the last quarter. Blue Trust Inc. raised its stake in Xylem by 1,185.7% during the 2nd quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock worth $35,000 after buying an additional 249 shares during the period. FinTrust Capital Advisors LLC lifted its holdings in Xylem by 170.9% during the first quarter. FinTrust Capital Advisors LLC now owns 317 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 200 shares in the last quarter. Hazlett Burt & Watson Inc. grew its stake in Xylem by 184.9% in the first quarter. Hazlett Burt & Watson Inc. now owns 339 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 220 shares during the period. Finally, Redwood Wealth Management Group LLC bought a new stake in shares of Xylem in the second quarter worth about $47,000. Institutional investors own 87.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on XYL shares. UBS Group assumed coverage on Xylem in a report on Tuesday, August 13th. They set a “buy” rating and a $165.00 price objective on the stock. Argus lifted their price target on shares of Xylem from $146.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Royal Bank of Canada increased their price objective on shares of Xylem from $160.00 to $163.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Robert W. Baird boosted their price objective on shares of Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Finally, TD Cowen reiterated a “hold” rating and set a $138.00 target price on shares of Xylem in a report on Tuesday, September 3rd. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $147.54.

Xylem Price Performance

NYSE:XYL opened at $132.86 on Thursday. The stock’s 50-day simple moving average is $133.85 and its 200 day simple moving average is $134.08. Xylem Inc. has a 52-week low of $87.59 and a 52-week high of $146.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.85. The company has a market cap of $32.27 billion, a P/E ratio of 47.28, a P/E/G ratio of 2.34 and a beta of 1.04.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.04. Xylem had a return on equity of 9.48% and a net margin of 9.11%. The company had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same quarter in the prior year, the business posted $0.98 EPS. The business’s revenue was up 26.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Xylem Inc. will post 4.26 EPS for the current fiscal year.

Xylem Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend is Thursday, August 29th. Xylem’s dividend payout ratio (DPR) is presently 51.25%.

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.