Janney Montgomery Scott LLC Has $5.56 Million Stock Position in Xylem Inc. (NYSE:XYL)

Janney Montgomery Scott LLC lifted its position in Xylem Inc. (NYSE:XYL - Free Report) by 24.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,901 shares of the industrial products company's stock after buying an additional 9,474 shares during the period. Janney Montgomery Scott LLC's holdings in Xylem were worth $5,558,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of XYL. Bangor Savings Bank lifted its position 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 buying an additional 85 shares during the last quarter. Assetmark Inc. boosted its position in Xylem by 3,887.5% during the third quarter. Assetmark Inc. now owns 319 shares of the industrial products company's stock worth $43,000 after purchasing an additional 311 shares during the period. Versant Capital Management Inc increased its holdings in shares of Xylem by 318.2% in the fourth quarter. Versant Capital Management Inc now owns 368 shares of the industrial products company's stock valued at $43,000 after purchasing an additional 280 shares during the last quarter. Catalyst Capital Advisors LLC raised its holdings in Xylem by 226.0% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 339 shares of the industrial products company's stock valued at $46,000 after acquiring an additional 235 shares during the period. Finally, Brooklyn Investment Group acquired a new stake in Xylem during the third quarter worth approximately $55,000. 87.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on XYL. Stifel Nicolaus decreased their price target on shares of Xylem from $166.00 to $150.00 and set a "buy" rating on the stock in a research note on Friday, January 24th. TD Cowen reduced their price target on Xylem from $138.00 to $125.00 and set a "hold" rating on the stock in a research report on Wednesday, November 6th. Royal Bank of Canada dropped their price objective on Xylem from $163.00 to $162.00 and set an "outperform" rating for the company in a report on Friday, November 1st. Citigroup reduced their target price on Xylem from $148.00 to $147.00 and set a "buy" rating on the stock in a report on Monday, January 13th. Finally, Wolfe Research reaffirmed a "peer perform" rating on shares of Xylem in a research report on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $150.50.

Xylem Price Performance

Shares of Xylem stock traded up $0.58 during midday trading on Thursday, hitting $121.83. 1,197,624 shares of the company traded hands, compared to its average volume of 1,187,786. Xylem Inc. has a 12 month low of $112.02 and a 12 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 cap of $29.60 billion, a price-to-earnings ratio of 35.62, a PEG ratio of 2.05 and a beta of 1.06. The firm's fifty day moving average price is $120.82 and its 200-day moving average price is $128.04.

Xylem (NYSE:XYL - Get Free Report) 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. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter last year, the business posted $0.99 EPS. Xylem's revenue for the quarter was up .2% on a year-over-year basis. As a group, sell-side analysts forecast that Xylem Inc. will post 4.23 earnings per share for the current year.

Xylem Announces Dividend

The firm also recently declared 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 of this dividend was Tuesday, November 26th. Xylem's dividend payout ratio (DPR) is currently 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.