Quintet Private Bank Europe S.A. Raises Stock Holdings in Xylem Inc. (NYSE:XYL)

Quintet Private Bank Europe S.A. boosted its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 28.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 203,262 shares of the industrial products company's stock after acquiring an additional 44,414 shares during the quarter. Xylem accounts for 1.6% of Quintet Private Bank Europe S.A.'s portfolio, making the stock its 23rd largest position. Quintet Private Bank Europe S.A. owned about 0.08% of Xylem worth $27,446,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. City Holding Co. grew its stake 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 period. EverSource Wealth Advisors LLC lifted its holdings in shares of 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 acquiring an additional 77 shares during the period. First Trust Direct Indexing L.P. grew its holdings 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 during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Xylem by 3.5% during the first 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 in the last quarter. Finally, Addison Advisors LLC lifted its stake 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 valued at $202,000 after purchasing an additional 82 shares during the period. Institutional investors and hedge funds own 87.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. UBS Group initiated coverage on Xylem in a report on Tuesday, August 13th. They set a "buy" rating and a $165.00 price target for the company. Royal Bank of Canada cut their price target on shares of Xylem from $163.00 to $162.00 and set an "outperform" rating for the company in a report on Friday. Stifel Nicolaus increased their price objective on Xylem from $170.00 to $172.00 and gave the stock a "buy" rating in a research report on Wednesday, July 31st. TD Cowen restated a "hold" rating and issued a $138.00 target price on shares of Xylem in a research note on Tuesday, September 3rd. Finally, Robert W. Baird dropped 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. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $148.25.

Xylem Stock Performance

NYSE XYL traded up $1.38 during trading hours on Monday, hitting $120.84. The company's stock had a trading volume of 1,334,492 shares, compared to its average volume of 1,189,756. The company's 50 day simple moving average is $132.78 and its two-hundred day simple moving average is $135.24. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.96 and a quick ratio of 1.33. The company has a market cap of $29.35 billion, a P/E ratio of 35.33, a price-to-earnings-growth ratio of 2.14 and a beta of 1.05. Xylem Inc. has a 12 month low of $95.35 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 EPS for the quarter, hitting analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $2.17 billion. During the same quarter last year, the business earned $0.99 EPS. The firm's revenue was up .2% compared to the same quarter last year. As a group, sell-side analysts expect that Xylem Inc. will post 4.26 EPS for the current fiscal year.

Xylem Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, August 29th were issued a $0.36 dividend. The ex-dividend date was Thursday, August 29th. This represents a $1.44 annualized dividend and a dividend yield of 1.19%. Xylem's payout ratio is currently 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.