Crestwood Advisors Group LLC Trims Stock Position in Xylem Inc. (NYSE:XYL)

Crestwood Advisors Group LLC decreased its position in shares of Xylem Inc. (NYSE:XYL) by 0.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 477,338 shares of the industrial products company’s stock after selling 741 shares during the quarter. Xylem makes up approximately 1.2% of Crestwood Advisors Group LLC’s portfolio, making the stock its 24th largest holding. Crestwood Advisors Group LLC’s holdings in Xylem were worth $64,455,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. City Holding Co. increased its holdings in shares of Xylem by 3.8% in the 3rd quarter. City Holding Co. now owns 2,071 shares of the industrial products company’s stock valued at $280,000 after purchasing an additional 75 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Xylem by 68.8% in the first quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock valued at $25,000 after buying an additional 77 shares in the last quarter. First Trust Direct Indexing L.P. lifted its position in shares of Xylem by 0.9% during the 3rd 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 acquiring an additional 78 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Xylem by 3.5% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 2,317 shares of the industrial products company’s stock worth $299,000 after acquiring an additional 79 shares in the last quarter. Finally, Addison Advisors LLC grew its holdings in shares of Xylem by 5.8% in the 2nd quarter. Addison Advisors LLC now owns 1,486 shares of the industrial products company’s stock worth $202,000 after acquiring an additional 82 shares during the period. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Trading Up 0.7 %

Shares of XYL stock traded up $0.81 during mid-day trading on Tuesday, hitting $121.65. 106,716 shares of the company’s stock were exchanged, compared to its average volume of 1,184,530. The stock has a market cap of $29.55 billion, a price-to-earnings ratio of 35.33, a PEG ratio of 2.12 and a beta of 1.05. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 0.19. Xylem Inc. has a fifty-two week low of $95.35 and a fifty-two week high of $146.08. The stock has a 50-day simple moving average of $132.78 and a two-hundred day simple moving average of $135.24.

Xylem (NYSE:XYL) last issued its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, hitting 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 for the quarter, compared to analyst estimates of $2.17 billion. During the same period last year, the company earned $0.99 EPS. The firm’s quarterly revenue was up .2% on a year-over-year basis. Equities analysts expect that Xylem Inc. will post 4.23 EPS for the current fiscal year.

Xylem Announces Dividend

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 1.18%. The ex-dividend date of this dividend was Thursday, August 29th. Xylem’s dividend payout ratio (DPR) is 42.11%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on XYL shares. Stifel Nicolaus lifted their price objective on Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. TD Cowen reaffirmed a “hold” rating and set a $138.00 price target on shares of Xylem in a research note on Tuesday, September 3rd. Robert W. Baird lowered their price objective on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a research note on Friday. Royal Bank of Canada cut their target price on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research report on Friday. Finally, UBS Group assumed coverage on shares of Xylem in a research report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $148.25.

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.