Xylem Inc. (NYSE:XYL) Shares Bought by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. increased its position in Xylem Inc. (NYSE:XYL) by 32.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,536 shares of the industrial products company’s stock after acquiring an additional 1,117 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Xylem were worth $526,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. City Holding Co. boosted its position in shares of Xylem by 3.8% during the 3rd quarter. City Holding Co. now owns 2,071 shares of the industrial products company’s stock valued at $280,000 after purchasing an additional 75 shares in the last quarter. First Trust Direct Indexing L.P. raised its position in Xylem by 0.9% during the third quarter. First Trust Direct Indexing L.P. now owns 9,070 shares of the industrial products company’s stock valued at $1,225,000 after acquiring an additional 78 shares in the last quarter. Bangor Savings Bank raised its position 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 acquiring an additional 85 shares in the last quarter. Angeles Wealth Management LLC raised its position 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 valued at $332,000 after purchasing an additional 86 shares during the period. Finally, Farther Finance Advisors LLC raised its position 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 valued at $191,000 after purchasing an additional 87 shares during the period. Institutional investors own 87.96% of the company’s stock.

Wall Street Analyst Weigh In

XYL has been the topic of a number of recent analyst reports. Stifel Nicolaus dropped their price target on shares of Xylem from $172.00 to $166.00 and set a “buy” rating on the stock in a research report on Wednesday, December 11th. Citigroup dropped their price target on shares of Xylem from $148.00 to $147.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Royal Bank of Canada lowered their price objective 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. Robert W. Baird lowered their price objective on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Finally, TD Cowen lowered their price objective on shares of Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Xylem presently has an average rating of “Moderate Buy” and a consensus target price of $152.10.

Xylem Stock Up 0.7 %

XYL opened at $119.84 on Tuesday. Xylem Inc. has a fifty-two week low of $109.70 and a fifty-two week high of $146.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.96 and a quick ratio of 1.42. The firm’s fifty day moving average price is $120.98 and its two-hundred day moving average price is $128.68. The company has a market capitalization of $29.11 billion, a P/E ratio of 35.04, a P/E/G ratio of 1.89 and a beta of 1.06.

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

Xylem Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th were issued a dividend of $0.36 per share. The ex-dividend date was Tuesday, November 26th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.20%. Xylem’s payout ratio is presently 42.11%.

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.