Benjamin Edwards Inc. Buys New Shares in Xylem Inc. (NYSE:XYL)

Benjamin Edwards Inc. bought a new stake in Xylem Inc. (NYSE:XYL - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 11,482 shares of the industrial products company's stock, valued at approximately $1,550,000.

A number of other large investors have also recently modified their holdings of the business. City Holding Co. grew its holdings in shares of Xylem by 3.8% during the third quarter. City Holding Co. now owns 2,071 shares of the industrial products company's stock worth $280,000 after purchasing an additional 75 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Xylem by 68.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company's stock worth $25,000 after purchasing an additional 77 shares in the last quarter. First Trust Direct Indexing L.P. grew its position in shares of Xylem by 0.9% during 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 purchasing an additional 78 shares in the last quarter. Addison Advisors LLC lifted its position in Xylem by 5.8% during the second quarter. Addison Advisors LLC now owns 1,486 shares of the industrial products company's stock valued at $202,000 after purchasing an additional 82 shares during the last quarter. Finally, Bangor Savings Bank raised its stake in shares of Xylem by 56.7% during the third quarter. Bangor Savings Bank now owns 235 shares of the industrial products company's stock worth $32,000 after acquiring an additional 85 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on XYL. UBS Group began coverage on shares of Xylem in a research report on Tuesday, August 13th. They set a "buy" rating and a $165.00 price objective on the stock. Robert W. Baird reduced their price target 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. Royal Bank of Canada reduced their target price 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, TD Cowen dropped their price target on Xylem from $138.00 to $125.00 and set a "hold" rating for the company in a research note on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $149.64.

Xylem Trading Up 0.0 %

Xylem stock traded up $0.05 during midday trading on Friday, reaching $126.28. 420,912 shares of the stock traded hands, compared to its average volume of 1,227,617. The company has a 50-day simple moving average of $128.83 and a two-hundred day simple moving average of $133.34. 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 firm has a market cap of $30.68 billion, a PE ratio of 36.91, a price-to-earnings-growth ratio of 2.35 and a beta of 1.05. Xylem Inc. has a 12-month low of $105.26 and a 12-month high of $146.08.

Xylem (NYSE:XYL - Get Free Report) last released its earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.11. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the previous year, the company posted $0.99 earnings per share. The company's revenue for the quarter was up .2% compared to the same quarter last year. Research analysts expect that Xylem Inc. will post 4.23 earnings per share for the current fiscal year.

Xylem Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, November 26th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.14%. 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.