Benson Investment Management Company Inc. Purchases Shares of 43,910 Xylem Inc. (NYSE:XYL)

Benson Investment Management Company Inc. acquired a new position in shares of Xylem Inc. (NYSE:XYL - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 43,910 shares of the industrial products company's stock, valued at approximately $5,094,000. Xylem accounts for about 2.1% of Benson Investment Management Company Inc.'s holdings, making the stock its 26th largest holding.

Several other large investors have also modified their holdings of the company. Bangor Savings Bank boosted its holdings in Xylem by 56.7% in the 3rd 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. Mark Sheptoff Financial Planning LLC bought a new stake in Xylem in the 2nd quarter valued at $33,000. Assetmark Inc. lifted its holdings in shares of Xylem by 3,887.5% during the 3rd quarter. Assetmark Inc. now owns 319 shares of the industrial products company's stock worth $43,000 after acquiring an additional 311 shares during the period. Catalyst Capital Advisors LLC lifted its holdings in shares of Xylem by 226.0% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 339 shares of the industrial products company's stock worth $46,000 after acquiring an additional 235 shares during the period. Finally, Redwood Wealth Management Group LLC bought a new position in shares of Xylem during the 2nd quarter worth about $47,000. 87.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on XYL shares. Royal Bank of Canada reduced 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 reduced 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 price objective 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. Citigroup reduced their price objective on shares of Xylem from $148.00 to $147.00 and set a "buy" rating for the company in a report on Monday. Finally, Robert W. Baird reduced their price objective on shares of Xylem from $175.00 to $154.00 and set an "outperform" rating for the company in a report on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Xylem has a consensus rating of "Moderate Buy" and a consensus price target of $152.10.

Xylem Trading Down 0.1 %

Shares of NYSE:XYL traded down $0.16 during trading on Tuesday, hitting $115.48. 2,137,024 shares of the company's stock were exchanged, compared to its average volume of 1,266,416. Xylem Inc. has a 1-year low of $109.39 and a 1-year high of $146.08. The firm has a 50-day moving average price of $121.55 and a two-hundred day moving average price of $129.20. 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 $28.06 billion, a P/E ratio of 33.77, a PEG ratio of 2.22 and a beta of 1.06.

Xylem (NYSE:XYL - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.11 EPS for the quarter, hitting the consensus estimate of $1.11. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The company had revenue of $2.10 billion during the quarter, compared to analysts' expectations of $2.17 billion. During the same quarter in the previous year, the company earned $0.99 EPS. Xylem's revenue was up .2% on a year-over-year basis. Equities analysts predict that Xylem Inc. will post 4.23 earnings per share for the current year.

Xylem Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, November 26th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.25%. The ex-dividend date was Tuesday, November 26th. Xylem's payout ratio is 42.11%.

Xylem 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.