Thurston Springer Miller Herd & Titak Inc. Raises Position in Xylem Inc. (NYSE:XYL)

Thurston Springer Miller Herd & Titak Inc. lifted its stake in Xylem Inc. (NYSE:XYL - Free Report) by 47.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,954 shares of the industrial products company's stock after buying an additional 4,477 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in Xylem were worth $1,619,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. City Holding Co. boosted its holdings in shares of Xylem by 3.8% during the 3rd quarter. City Holding Co. now owns 2,071 shares of the industrial products company's stock valued at $280,000 after acquiring an additional 75 shares in the last quarter. First Trust Direct Indexing L.P. boosted its stake 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 in the last quarter. Bangor Savings Bank grew 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 worth $32,000 after purchasing an additional 85 shares during the last quarter. Angeles Wealth Management LLC raised its holdings 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 during the last quarter. Finally, Farther Finance Advisors LLC boosted its position 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 worth $191,000 after buying an additional 87 shares during the period. Institutional investors and hedge funds own 87.96% of the company's stock.

Xylem Stock Up 0.6 %

Shares of XYL stock traded up $0.68 on Wednesday, reaching $116.10. 1,339,956 shares of the company were exchanged, compared to its average volume of 1,274,581. Xylem Inc. has a one year low of $109.39 and a one year high of $146.08. The company has a market cap of $28.21 billion, a price-to-earnings ratio of 33.95, a PEG ratio of 2.22 and a beta of 1.06. The company has a 50-day moving average of $121.41 and a 200-day moving average of $129.06. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.96 and a quick ratio of 1.42.

Xylem (NYSE:XYL - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 EPS for the quarter, meeting analysts' consensus estimates of $1.11. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The firm had revenue of $2.10 billion during the quarter, compared to analysts' expectations of $2.17 billion. During the same quarter last year, the firm posted $0.99 earnings per share. The company's revenue for the quarter was up .2% compared to the same quarter last year. Analysts anticipate that Xylem Inc. will post 4.23 earnings per share for the current year.

Xylem Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date was Tuesday, November 26th. Xylem's dividend payout ratio (DPR) is 42.11%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on XYL shares. Wolfe Research reiterated a "peer perform" rating on shares of Xylem in a report on Thursday, December 12th. Robert W. Baird cut their target price on Xylem from $175.00 to $154.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. TD Cowen decreased their price target on Xylem from $138.00 to $125.00 and set a "hold" rating for the company in a research note on Wednesday, November 6th. Royal Bank of Canada reduced their price objective on shares of Xylem from $163.00 to $162.00 and set an "outperform" rating on the stock in a research note on Friday, November 1st. Finally, Stifel Nicolaus cut their price target on shares of Xylem from $172.00 to $166.00 and set a "buy" rating on the stock in a research report on Wednesday, December 11th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $152.10.

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.