Stifel Financial Corp Acquires 13,382 Shares of Xylem Inc. (NYSE:XYL)

Stifel Financial Corp raised its stake in shares of Xylem Inc. (NYSE:XYL - Free Report) by 7.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 199,721 shares of the industrial products company's stock after buying an additional 13,382 shares during the period. Stifel Financial Corp owned 0.08% of Xylem worth $26,970,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bangor Savings Bank raised 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 worth $32,000 after acquiring an additional 85 shares during the period. Mark Sheptoff Financial Planning LLC bought a new position in shares of Xylem in the second quarter worth about $33,000. Blue Trust Inc. lifted its position in shares of Xylem by 1,185.7% during the 2nd quarter. Blue Trust Inc. now owns 270 shares of the industrial products company's stock worth $35,000 after purchasing an additional 249 shares during the last quarter. Assetmark Inc. boosted its stake in Xylem by 3,887.5% during the 3rd quarter. Assetmark Inc. now owns 319 shares of the industrial products company's stock valued at $43,000 after purchasing an additional 311 shares during the period. Finally, Catalyst Capital Advisors LLC increased its position in Xylem by 226.0% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 339 shares of the industrial products company's stock worth $46,000 after buying an additional 235 shares during the period. Institutional investors and hedge funds own 87.96% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on XYL. UBS Group assumed coverage on shares of Xylem in a research note on Tuesday, August 13th. They issued a "buy" rating and a $165.00 price objective on the stock. TD Cowen dropped their price objective on shares of Xylem from $138.00 to $125.00 and set a "hold" rating on the stock in a report on Wednesday, November 6th. Royal Bank of Canada reduced their target price 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. Robert W. Baird lowered their price target on Xylem from $175.00 to $154.00 and set an "outperform" rating on the stock in a research note on Friday, November 1st. Finally, Citigroup upgraded Xylem from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $135.00 to $148.00 in a research report on Monday. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $150.45.

Xylem Price Performance

XYL stock traded up $2.98 during trading on Monday, hitting $129.35. The company had a trading volume of 1,933,552 shares, compared to its average volume of 1,232,988. The company has a fifty day moving average price of $128.67 and a two-hundred day moving average price of $133.03. Xylem Inc. has a fifty-two week low of $106.24 and a fifty-two week high of $146.08. The company has a market cap of $31.43 billion, a P/E ratio of 37.44, a P/E/G ratio of 2.33 and a beta of 1.05. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL - Get Free Report) last posted its 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 net margin of 9.85% and a return on equity of 9.61%. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the prior year, the firm earned $0.99 EPS. The firm's quarterly revenue was up .2% compared to the same quarter last year. Equities research analysts expect that Xylem Inc. will post 4.23 earnings per share for the current fiscal year.

Xylem Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, November 26th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Tuesday, November 26th. Xylem's payout ratio 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.