Nicholson Wealth Management Group LLC Buys New Stake in Xylem Inc. (NYSE:XYL)

Nicholson Wealth Management Group LLC purchased a new position in Xylem Inc. (NYSE:XYL - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 4,855 shares of the industrial products company's stock, valued at approximately $656,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XYL. City Holding Co. raised its holdings in Xylem by 3.8% in the third quarter. City Holding Co. now owns 2,071 shares of the industrial products company's stock worth $280,000 after buying an additional 75 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Xylem by 68.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company's stock valued at $25,000 after acquiring an additional 77 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in Xylem by 3.5% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 2,317 shares of the industrial products company's stock valued at $299,000 after purchasing an additional 79 shares during the last quarter. Addison Advisors LLC increased its holdings in shares of Xylem by 5.8% in the 2nd quarter. Addison Advisors LLC now owns 1,486 shares of the industrial products company's stock worth $202,000 after purchasing an additional 82 shares in the last quarter. Finally, Bangor Savings Bank lifted its stake in Xylem by 56.7% during the 3rd quarter. Bangor Savings Bank now owns 235 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 85 shares during the period. Institutional investors own 87.96% of the company's stock.

Analyst Ratings Changes

XYL has been the subject of several research reports. TD Cowen reissued a "hold" rating and set a $138.00 price objective on shares of Xylem in a report on Tuesday, September 3rd. Stifel Nicolaus boosted their price target on Xylem from $170.00 to $172.00 and gave the company a "buy" rating in a research note on Wednesday, July 31st. Royal Bank of Canada raised their price objective on shares of Xylem from $160.00 to $163.00 and gave the stock an "outperform" rating in a report on Wednesday, July 31st. Robert W. Baird lifted their price target on shares of Xylem from $155.00 to $170.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 31st. Finally, UBS Group initiated coverage on Xylem in a research note on Tuesday, August 13th. They issued a "buy" rating and a $165.00 price objective for the company. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Xylem has an average rating of "Moderate Buy" and a consensus target price of $149.67.

Xylem Trading Down 0.2 %

XYL stock traded down $0.25 during midday trading on Friday, reaching $130.40. 643,875 shares of the company traded hands, compared to its average volume of 1,180,040. The firm has a market capitalization of $31.67 billion, a price-to-earnings ratio of 41.27, a P/E/G ratio of 2.31 and a beta of 1.04. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.85. The business has a 50 day moving average of $133.67 and a 200-day moving average of $135.19. Xylem Inc. has a 52-week low of $87.59 and a 52-week high of $146.08.

Xylem (NYSE:XYL - Get Free Report) last released its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.04. Xylem had a net margin of 9.11% and a return on equity of 9.48%. The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same quarter last year, the business earned $0.98 EPS. The business's revenue was up 26.0% on a year-over-year basis. As a group, sell-side analysts expect that Xylem Inc. will post 4.26 earnings per share for the current fiscal year.

Xylem Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.10%. The ex-dividend date was Thursday, August 29th. Xylem's dividend payout ratio (DPR) is presently 45.57%.

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.