Albion Financial Group UT Increases Holdings in Xylem Inc. (NYSE:XYL)

Albion Financial Group UT raised its stake in Xylem Inc. (NYSE:XYL) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,447 shares of the industrial products company’s stock after purchasing an additional 331 shares during the quarter. Albion Financial Group UT’s holdings in Xylem were worth $1,560,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of XYL. Swedbank AB grew its position in Xylem by 22.8% in the third quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company’s stock valued at $403,953,000 after acquiring an additional 554,609 shares in the last quarter. Erste Asset Management GmbH purchased a new stake in Xylem during the 3rd quarter worth $68,593,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Xylem in the 3rd quarter worth $52,169,000. Champlain Investment Partners LLC boosted its position in Xylem by 17.8% in the 3rd quarter. Champlain Investment Partners LLC now owns 1,657,785 shares of the industrial products company’s stock valued at $223,851,000 after buying an additional 249,975 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Xylem by 1.9% during the third quarter. State Street Corp now owns 10,329,494 shares of the industrial products company’s stock valued at $1,394,792,000 after acquiring an additional 189,820 shares in 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 analysts recently commented on XYL shares. Citigroup reduced their price target on Xylem from $148.00 to $147.00 and set a “buy” rating for the company in a report on Monday, January 13th. Stifel Nicolaus decreased their price target on shares of Xylem from $172.00 to $166.00 and set a “buy” rating for the company in a research report on Wednesday, December 11th. TD Cowen cut their price target on shares of Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. 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. Finally, Robert W. Baird reduced their price target 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. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Xylem presently has an average rating of “Moderate Buy” and an average price target of $152.10.

Xylem Stock Up 1.9 %

Shares of Xylem stock opened at $121.97 on Wednesday. Xylem Inc. has a twelve month low of $111.66 and a twelve month high of $146.08. The stock has a market capitalization of $29.63 billion, a price-to-earnings ratio of 35.66, a PEG ratio of 2.02 and a beta of 1.06. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. The business’s 50 day simple moving average is $120.92 and its 200-day simple moving average is $128.59.

Xylem (NYSE:XYL) last issued its earnings results 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 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 earnings per share. The firm’s revenue for the quarter was up .2% on a year-over-year basis. Equities research analysts forecast that Xylem Inc. will post 4.23 earnings per share for the current year.

Xylem Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.18%. The ex-dividend date was Tuesday, November 26th. Xylem’s dividend payout ratio (DPR) is 42.11%.

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.