John G Ullman & Associates Inc. Boosts Stake in Xylem Inc. (NYSE:XYL)

John G Ullman & Associates Inc. lifted its holdings in Xylem Inc. (NYSE:XYL) by 9.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,580 shares of the industrial products company’s stock after purchasing an additional 220 shares during the period. John G Ullman & Associates Inc.’s holdings in Xylem were worth $348,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of XYL. California State Teachers Retirement System raised its stake in shares of Xylem by 1.4% during the 1st quarter. California State Teachers Retirement System now owns 393,856 shares of the industrial products company’s stock worth $50,902,000 after buying an additional 5,477 shares during the period. Cetera Investment Advisers raised its position in Xylem by 191.7% during the first quarter. Cetera Investment Advisers now owns 27,412 shares of the industrial products company’s stock worth $3,543,000 after acquiring an additional 18,014 shares during the period. Victory Capital Management Inc. lifted its holdings in Xylem by 9.3% during the third quarter. Victory Capital Management Inc. now owns 1,627,279 shares of the industrial products company’s stock valued at $219,731,000 after purchasing an additional 137,883 shares in the last quarter. BOKF NA grew its position in shares of Xylem by 967.9% in the first quarter. BOKF NA now owns 68,941 shares of the industrial products company’s stock valued at $8,869,000 after purchasing an additional 62,485 shares during the period. Finally, Quintet Private Bank Europe S.A. increased its stake in shares of Xylem by 28.0% during the third quarter. Quintet Private Bank Europe S.A. now owns 203,262 shares of the industrial products company’s stock worth $27,446,000 after purchasing an additional 44,414 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Stock Performance

Xylem stock opened at $122.84 on Thursday. The firm has a 50 day simple moving average of $130.33 and a 200-day simple moving average of $134.46. The stock has a market cap of $29.84 billion, a price-to-earnings ratio of 35.92, a price-to-earnings-growth ratio of 2.25 and a beta of 1.05. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.96 and a quick ratio of 1.42. Xylem Inc. has a 1-year low of $100.46 and a 1-year high of $146.08.

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

Xylem Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, November 26th will be issued a $0.36 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $1.44 annualized dividend and a yield of 1.17%. Xylem’s dividend payout ratio (DPR) is currently 42.11%.

Analyst Ratings Changes

A number of brokerages recently weighed in on XYL. Robert W. Baird decreased their price target 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. TD Cowen lowered their price target on Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. UBS Group began coverage on Xylem in a research report on Tuesday, August 13th. They set a “buy” rating and a $165.00 price target for the company. Royal Bank of Canada decreased their price objective on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, Stifel Nicolaus upped their target price on shares of Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Xylem presently has an average rating of “Moderate Buy” and a consensus price target of $147.17.

About Xylem

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.