Boston Research & Management Inc. Has $8.74 Million Position in Xylem Inc. (NYSE:XYL)

Boston Research & Management Inc. reduced its position in Xylem Inc. (NYSE:XYL) by 1.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 64,476 shares of the industrial products company’s stock after selling 1,166 shares during the quarter. Xylem makes up about 2.2% of Boston Research & Management Inc.’s portfolio, making the stock its 9th largest position. Boston Research & Management Inc.’s holdings in Xylem were worth $8,744,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew 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 worth $25,000 after purchasing an additional 77 shares during the period. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Xylem during the 2nd quarter worth approximately $33,000. Blue Trust Inc. increased its stake 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 valued at $35,000 after acquiring an additional 249 shares in the last quarter. FinTrust Capital Advisors LLC lifted its position in shares of Xylem by 170.9% during the 1st quarter. FinTrust Capital Advisors LLC now owns 317 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 200 shares during the period. Finally, Hazlett Burt & Watson Inc. boosted its stake in Xylem by 184.9% during the first quarter. Hazlett Burt & Watson Inc. now owns 339 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 220 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on XYL. 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. Oppenheimer boosted their target price on Xylem from $147.00 to $152.00 and gave the company an “outperform” rating in a research report on Friday, May 31st. Royal Bank of Canada increased their price target on Xylem from $160.00 to $163.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. UBS Group initiated coverage on Xylem in a report on Tuesday, August 13th. They set a “buy” rating and a $165.00 price objective for the company. Finally, Robert W. Baird upped their target price on Xylem from $155.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Xylem presently has a consensus rating of “Moderate Buy” and a consensus target price of $147.54.

Xylem Price Performance

XYL opened at $134.81 on Friday. Xylem Inc. has a 1 year low of $87.59 and a 1 year 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 company has a market capitalization of $32.74 billion, a price-to-earnings ratio of 47.98, a P/E/G ratio of 2.34 and a beta of 1.04. The firm’s fifty day moving average price is $133.68 and its two-hundred day moving average price is $134.13.

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

Xylem Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Thursday, August 29th. Xylem’s dividend payout ratio 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.