1,990 Shares in Xylem Inc. (NYSE:XYL) Acquired by Asset Allocation & Management Company LLC

Asset Allocation & Management Company LLC acquired a new position in shares of Xylem Inc. (NYSE:XYL) in the 4th quarter, Holdings Channel.com reports. The fund acquired 1,990 shares of the industrial products company’s stock, valued at approximately $231,000.

Other institutional investors also recently bought and sold shares of the company. City Holding Co. increased its stake in shares of 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 purchasing an additional 75 shares during the period. First Trust Direct Indexing L.P. increased its stake in shares of Xylem by 0.9% in 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 purchasing an additional 78 shares during the period. Bangor Savings Bank increased its stake in shares of Xylem by 56.7% in the third quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 85 shares during the period. Angeles Wealth Management LLC increased its stake 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 boosted its holdings 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 acquiring an additional 87 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on XYL. Citigroup upgraded shares of Xylem from a “neutral” rating to a “buy” rating and increased their price objective for the company from $135.00 to $148.00 in a report on Monday, December 9th. Royal Bank of Canada decreased their price objective on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a report on Friday, November 1st. TD Cowen decreased their price objective on shares of Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Stifel Nicolaus reduced their target price on shares of Xylem from $172.00 to $166.00 and set a “buy” rating for the company in a report on Wednesday, December 11th. Finally, Wolfe Research restated a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Xylem presently has a consensus rating of “Moderate Buy” and a consensus target price of $152.20.

Xylem Stock Up 0.7 %

Shares of NYSE XYL traded up $0.76 during mid-day trading on Monday, reaching $114.78. The company had a trading volume of 290,174 shares, compared to its average volume of 1,016,308. Xylem Inc. has a twelve month low of $109.39 and a twelve month high of $146.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.96. The stock has a market capitalization of $27.89 billion, a PE ratio of 33.56, a price-to-earnings-growth ratio of 2.22 and a beta of 1.06. The stock’s 50 day moving average is $121.65 and its 200-day moving average is $129.35.

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. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the prior year, the business posted $0.99 earnings per share. Xylem’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, equities analysts anticipate that Xylem Inc. will post 4.23 earnings per share for the current fiscal year.

Xylem Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, November 26th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend was Tuesday, November 26th. Xylem’s dividend payout ratio is presently 42.11%.

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.