NBC Securities Inc. Has $77,000 Position in Xylem Inc. (NYSE:XYL)

NBC Securities Inc. increased its position in shares of Xylem Inc. (NYSE:XYL) by 32.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 576 shares of the industrial products company’s stock after buying an additional 140 shares during the quarter. NBC Securities Inc.’s holdings in Xylem were worth $77,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XYL. Creative Planning increased its holdings in Xylem by 9.8% in the 3rd quarter. Creative Planning now owns 28,515 shares of the industrial products company’s stock valued at $3,850,000 after buying an additional 2,536 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Xylem by 10.5% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,477 shares of the industrial products company’s stock valued at $1,280,000 after acquiring an additional 899 shares in the last quarter. Renaissance Investment Group LLC increased its stake in Xylem by 1.0% in the third quarter. Renaissance Investment Group LLC now owns 78,183 shares of the industrial products company’s stock valued at $10,557,000 after acquiring an additional 779 shares during the period. Ayrshire Capital Management LLC raised its position in Xylem by 8.8% in the third quarter. Ayrshire Capital Management LLC now owns 29,619 shares of the industrial products company’s stock worth $3,999,000 after purchasing an additional 2,389 shares in the last quarter. Finally, Brown Miller Wealth Management LLC lifted its stake in Xylem by 2.6% during the third quarter. Brown Miller Wealth Management LLC now owns 11,702 shares of the industrial products company’s stock worth $1,580,000 after purchasing an additional 296 shares during the period. 87.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on XYL shares. TD Cowen reiterated a “hold” rating and issued a $138.00 price objective on shares of Xylem in a research note on Tuesday, September 3rd. Royal Bank of Canada increased their price objective on Xylem from $160.00 to $163.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Robert W. Baird boosted their target price on shares of Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Stifel Nicolaus increased their target price on shares of Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, UBS Group initiated coverage on shares of Xylem in a report on Tuesday, August 13th. They set a “buy” rating and a $165.00 price target for the company. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $149.67.

Xylem Stock Performance

Shares of Xylem stock opened at $134.32 on Monday. The firm has a 50 day simple moving average of $133.67 and a 200 day simple moving average of $135.13. Xylem Inc. has a fifty-two week low of $87.59 and a fifty-two week high of $146.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.85 and a quick ratio of 1.33. The firm has a market cap of $32.62 billion, a P/E ratio of 42.51, a P/E/G ratio of 2.36 and a beta of 1.04.

Xylem (NYSE:XYL) last released its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.04. The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.14 billion. Xylem had a return on equity of 9.48% and a net margin of 9.11%. The firm’s quarterly revenue was up 26.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.98 earnings per share. Sell-side analysts predict that Xylem Inc. will post 4.26 earnings per share for the current fiscal year.

Xylem Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.07%. The ex-dividend date was Thursday, August 29th. Xylem’s dividend payout ratio (DPR) is presently 45.57%.

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.