Boston Family Office LLC Boosts Holdings in Xylem Inc. (NYSE:XYL)

Boston Family Office LLC grew its holdings in Xylem Inc. (NYSE:XYL) by 0.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 79,333 shares of the industrial products company’s stock after purchasing an additional 209 shares during the quarter. Boston Family Office LLC’s holdings in Xylem were worth $10,712,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. City Holding Co. raised its holdings in Xylem by 3.8% in the third quarter. City Holding Co. now owns 2,071 shares of the industrial products company’s stock valued at $280,000 after acquiring an additional 75 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Xylem by 68.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock valued at $25,000 after buying an additional 77 shares during the last quarter. First Trust Direct Indexing L.P. grew its position in Xylem by 0.9% in the 3rd 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 buying an additional 78 shares during the last quarter. Addison Advisors LLC grew its position in Xylem by 5.8% in the 2nd quarter. Addison Advisors LLC now owns 1,486 shares of the industrial products company’s stock valued at $202,000 after buying an additional 82 shares during the last quarter. Finally, Bangor Savings Bank grew its position in Xylem by 56.7% in the 3rd 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. Institutional investors and hedge funds own 87.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on XYL. Stifel Nicolaus lifted their price objective on shares of Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. TD Cowen decreased their target price on shares of Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. Robert W. Baird decreased their target price on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. UBS Group started coverage on shares of Xylem in a research report on Tuesday, August 13th. They set a “buy” rating and a $165.00 target price on the stock. Finally, Royal Bank of Canada cut their price target on Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $149.64.

Xylem Stock Performance

Shares of XYL opened at $126.87 on Monday. Xylem Inc. has a 1 year low of $102.42 and a 1 year high of $146.08. The company’s 50 day simple moving average is $130.14 and its 200 day simple moving average is $134.22. The company has a market capitalization of $30.82 billion, a price-to-earnings ratio of 37.10, a PEG ratio of 2.34 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.

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

Xylem Dividend Announcement

The company 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. This represents a $1.44 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Tuesday, November 26th. Xylem’s dividend payout ratio is currently 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.