Laffer Tengler Investments Inc. Has $2.50 Million Stock Position in Xylem Inc. (NYSE:XYL)

Laffer Tengler Investments Inc. lessened its holdings in shares of Xylem Inc. (NYSE:XYL) by 7.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 18,509 shares of the industrial products company’s stock after selling 1,456 shares during the quarter. Laffer Tengler Investments Inc.’s holdings in Xylem were worth $2,499,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Envestnet Portfolio Solutions Inc. lifted its holdings in Xylem by 105.1% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 14,415 shares of the industrial products company’s stock valued at $1,863,000 after purchasing an additional 7,388 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Xylem by 32.5% during the 1st quarter. Empowered Funds LLC now owns 3,828 shares of the industrial products company’s stock worth $495,000 after buying an additional 940 shares during the last quarter. Forsta AP Fonden boosted its holdings in shares of Xylem by 16.1% during the 1st quarter. Forsta AP Fonden now owns 54,100 shares of the industrial products company’s stock worth $6,992,000 after buying an additional 7,500 shares during the period. Choate Investment Advisors acquired a new position in Xylem in the 1st quarter valued at about $256,000. Finally, Williams Jones Wealth Management LLC. bought a new position in Xylem in the 1st quarter valued at about $204,000. 87.96% of the stock is owned by institutional investors and hedge funds.

Xylem Price Performance

Shares of XYL stock traded down $0.34 during trading hours on Monday, reaching $124.03. The company’s stock had a trading volume of 129,290 shares, compared to its average volume of 1,186,993. Xylem Inc. has a fifty-two week low of $98.21 and a fifty-two week high of $146.08. The firm’s 50 day simple moving average is $131.47 and its 200-day simple moving average is $135.03. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $30.13 billion, a price-to-earnings ratio of 36.37, a PEG ratio of 2.29 and a beta of 1.05.

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

Xylem Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.16%. Xylem’s payout ratio is presently 42.11%.

Analysts Set New Price Targets

Several research firms have recently commented on XYL. UBS Group assumed coverage on Xylem in a research report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 target price on the stock. 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. Stifel Nicolaus lifted their target price on Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Robert W. Baird reduced their target price on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Finally, TD Cowen lowered their price target 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. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company 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.