Tallon Kerry Patrick Acquires Shares of 2,241 Xylem Inc. (NYSE:XYL)

Tallon Kerry Patrick bought a new position in Xylem Inc. (NYSE:XYL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,241 shares of the industrial products company's stock, valued at approximately $260,000.

Several other large investors also recently made changes to their positions in the company. City Holding Co. grew its holdings in Xylem by 3.8% in the 3rd 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 in the last quarter. First Trust Direct Indexing L.P. increased its holdings in shares of Xylem by 0.9% during 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 purchasing an additional 78 shares during the period. Bangor Savings Bank increased its holdings in shares of Xylem by 56.7% during the third quarter. Bangor Savings Bank now owns 235 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 85 shares during the period. Angeles Wealth Management LLC grew its position in Xylem by 3.6% in the 3rd quarter. Angeles Wealth Management LLC now owns 2,462 shares of the industrial products company's stock valued at $332,000 after buying an additional 86 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in Xylem by 6.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,412 shares of the industrial products company's stock valued at $191,000 after buying an additional 87 shares during the period. Institutional investors and hedge funds own 87.96% of the company's stock.

Wall Street Analysts Forecast Growth

XYL has been the subject of several recent analyst reports. Robert W. Baird decreased 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, November 1st. Royal Bank of Canada dropped their price objective on Xylem from $163.00 to $162.00 and set an "outperform" rating on the stock in a research note on Friday, November 1st. Stifel Nicolaus decreased their target price on Xylem from $172.00 to $166.00 and set a "buy" rating for the company in a research note on Wednesday, December 11th. Wolfe Research reiterated a "peer perform" rating on shares of Xylem in a research report on Thursday, December 12th. Finally, Citigroup decreased their price objective on shares of Xylem from $148.00 to $147.00 and set a "buy" rating for the company in a research note on Monday. 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, Xylem has an average rating of "Moderate Buy" and a consensus price target of $152.10.

Xylem Stock Performance

NYSE:XYL traded up $0.89 during trading hours on Friday, hitting $119.84. 1,396,460 shares of the company traded hands, compared to its average volume of 1,303,005. 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 Inc. has a twelve month low of $109.70 and a twelve month high of $146.08. The firm has a 50-day moving average of $121.17 and a 200 day moving average of $128.90. The stock has a market capitalization of $29.11 billion, a price-to-earnings ratio of 35.04, a P/E/G ratio of 1.89 and a beta of 1.06.

Xylem (NYSE:XYL - Get Free Report) last released its earnings results 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 net margin of 9.85% and a return on equity of 9.61%. The business had revenue of $2.10 billion during the quarter, compared to analysts' expectations of $2.17 billion. During the same quarter last year, the company earned $0.99 earnings per share. The firm's revenue was up .2% on a year-over-year basis. On average, analysts forecast that Xylem Inc. will post 4.23 EPS for the current year.

Xylem Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, November 26th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.20%. The ex-dividend date was Tuesday, November 26th. Xylem's payout ratio is presently 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.