Blue Trust Inc. Buys 730 Shares of Xylem Inc. (NYSE:XYL)

Blue Trust Inc. lifted its stake in shares of Xylem Inc. (NYSE:XYL) by 270.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,000 shares of the industrial products company’s stock after acquiring an additional 730 shares during the quarter. Blue Trust Inc.’s holdings in Xylem were worth $136,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its stake in Xylem by 68.8% in the 1st 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 period. Bangor Savings Bank boosted its stake 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 purchasing an additional 85 shares during the period. Mark Sheptoff Financial Planning LLC bought a new position in Xylem in the 2nd quarter worth approximately $33,000. FinTrust Capital Advisors LLC raised its holdings in shares of Xylem by 170.9% during the 1st quarter. FinTrust Capital Advisors LLC now owns 317 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 200 shares in the last quarter. Finally, Redwood Wealth Management Group LLC purchased a new stake in shares of Xylem during the 2nd quarter worth approximately $47,000. 87.96% of the stock is currently owned by institutional investors.

Xylem Trading Down 0.2 %

Shares of NYSE:XYL opened at $130.42 on Monday. Xylem Inc. has a 52-week low of $87.59 and a 52-week high of $146.08. The stock has a market cap of $31.62 billion, a price-to-earnings ratio of 46.41, a PEG ratio of 2.31 and a beta of 1.04. The company has a quick ratio of 1.33, a current ratio of 1.85 and a debt-to-equity ratio of 0.19. The business has a 50-day moving average price of $133.67 and a 200-day moving average price of $135.29.

Xylem (NYSE:XYL) last announced its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.04. The company had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Xylem had a return on equity of 9.48% and a net margin of 9.11%. Xylem’s quarterly revenue was up 26.0% on a year-over-year basis. During the same period last year, the business earned $0.98 earnings per share. Equities analysts predict that Xylem Inc. will post 4.26 EPS for the current year.

Xylem Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, August 29th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.10%. The ex-dividend date was Thursday, August 29th. Xylem’s dividend payout ratio is currently 51.25%.

Analyst Ratings Changes

Several research firms recently weighed in on XYL. Royal Bank of Canada increased their price target on Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. UBS Group began coverage on Xylem in a research report on Tuesday, August 13th. They set a “buy” rating and a $165.00 price objective on the stock. Robert W. Baird raised their price objective on Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Stifel Nicolaus raised their price objective on Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, TD Cowen reiterated a “hold” rating and issued a $138.00 price target on shares of Xylem in a research note on Tuesday, September 3rd. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $149.67.

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.