Pathstone Holdings LLC Purchases 6,511 Shares of Xylem Inc. (NYSE:XYL)

Pathstone Holdings LLC raised its stake in Xylem Inc. (NYSE:XYL - Free Report) by 14.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,315 shares of the industrial products company's stock after acquiring an additional 6,511 shares during the period. Pathstone Holdings LLC's holdings in Xylem were worth $6,929,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of XYL. City Holding Co. grew its position in Xylem by 3.8% during the 3rd quarter. City Holding Co. now owns 2,071 shares of the industrial products company's stock worth $280,000 after acquiring an additional 75 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Xylem by 68.8% during the first 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 during the last quarter. First Trust Direct Indexing L.P. increased its stake in shares of Xylem by 0.9% in the third 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 buying an additional 78 shares in the last quarter. Addison Advisors LLC raised its holdings in shares of Xylem by 5.8% in the second quarter. Addison Advisors LLC now owns 1,486 shares of the industrial products company's stock valued at $202,000 after buying an additional 82 shares during the last quarter. Finally, Bangor Savings Bank raised its stake 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 worth $32,000 after acquiring an additional 85 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on XYL shares. UBS Group initiated coverage on shares of Xylem in a report on Tuesday, August 13th. They issued a "buy" rating and a $165.00 target price on the stock. Stifel Nicolaus raised their price objective on shares of Xylem from $170.00 to $172.00 and gave the stock a "buy" rating in a report on Wednesday, July 31st. TD Cowen dropped their price target on Xylem from $138.00 to $125.00 and set a "hold" rating on the stock in a research note on Wednesday, November 6th. Royal Bank of Canada decreased their price target on shares of Xylem from $163.00 to $162.00 and set an "outperform" rating for the company in a research note on Friday, November 1st. Finally, Robert W. Baird cut their price objective on shares of Xylem from $175.00 to $154.00 and set an "outperform" rating on the stock in a research report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $149.64.

Xylem Stock Performance

Shares of NYSE XYL traded up $1.52 during midday trading on Friday, hitting $126.88. 1,365,817 shares of the company's stock were exchanged, compared to its average volume of 1,218,491. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $30.83 billion, a PE ratio of 37.10, a price-to-earnings-growth ratio of 2.25 and a beta of 1.05. Xylem Inc. has a 12 month low of $102.42 and a 12 month high of $146.08. The company's 50 day moving average price is $130.14 and its 200 day moving average price is $134.31.

Xylem (NYSE:XYL - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, hitting the consensus estimate 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 during the quarter, compared to analysts' expectations of $2.17 billion. During the same period last year, the firm posted $0.99 EPS. The firm's revenue for the quarter was up .2% compared to the same quarter last year. As a group, analysts predict that Xylem Inc. will post 4.23 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, November 26th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend is Tuesday, November 26th. Xylem's dividend payout ratio is currently 42.11%.

About Xylem

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.