Smith Thornton Advisors LLC Purchases 808 Shares of Xylem Inc. (NYSE:XYL)

Smith Thornton Advisors LLC lifted its position in shares of Xylem Inc. (NYSE:XYL) by 27.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,756 shares of the industrial products company’s stock after acquiring an additional 808 shares during the period. Smith Thornton Advisors LLC’s holdings in Xylem were worth $436,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in XYL. Swedbank AB increased its position in Xylem by 22.8% during the 3rd quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company’s stock worth $403,953,000 after purchasing an additional 554,609 shares in the last quarter. Erste Asset Management GmbH acquired a new position in Xylem during the 3rd quarter worth approximately $68,593,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Xylem during the 3rd quarter worth approximately $52,169,000. Champlain Investment Partners LLC increased its position in Xylem by 17.8% during the 3rd quarter. Champlain Investment Partners LLC now owns 1,657,785 shares of the industrial products company’s stock worth $223,851,000 after purchasing an additional 249,975 shares in the last quarter. Finally, State Street Corp increased its position in Xylem by 1.9% during the 3rd quarter. State Street Corp now owns 10,329,494 shares of the industrial products company’s stock worth $1,394,792,000 after purchasing an additional 189,820 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Xylem Price Performance

Shares of NYSE XYL opened at $116.10 on Thursday. Xylem Inc. has a twelve month low of $109.39 and a twelve month high of $146.08. The firm has a fifty day simple moving average of $121.26 and a 200 day simple moving average of $128.97. The company has a market capitalization of $28.21 billion, a PE ratio of 33.95, a P/E/G ratio of 1.89 and a beta of 1.06. 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 (NYSE:XYL) last announced its earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, hitting analysts’ consensus estimates 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 the consensus estimate of $2.17 billion. During the same quarter last year, the firm earned $0.99 earnings per share. Xylem’s quarterly revenue was up .2% on a year-over-year basis. On average, sell-side analysts forecast that Xylem Inc. will post 4.23 EPS for the current year.

Xylem Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, November 26th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date was Tuesday, November 26th. Xylem’s dividend payout ratio is presently 42.11%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on XYL. Stifel Nicolaus decreased their price target on shares of Xylem from $172.00 to $166.00 and set a “buy” rating for the company in a research report on Wednesday, December 11th. TD Cowen decreased their price target on shares of Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Wolfe Research restated a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Citigroup decreased their price target on shares of Xylem from $148.00 to $147.00 and set a “buy” rating for the company in a research report on Monday. Finally, Royal Bank of Canada decreased their price target on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and eight have issued 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.

About Xylem

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.