IHT Wealth Management LLC Makes New Investment in Xylem Inc. (NYSE:XYL)

IHT Wealth Management LLC bought a new position in Xylem Inc. (NYSE:XYL) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,647 shares of the industrial products company’s stock, valued at approximately $222,000.

A number of other hedge funds also recently made changes to their positions in XYL. Wedmont Private Capital raised its holdings in shares of Xylem by 6.6% during the 2nd quarter. Wedmont Private Capital now owns 2,160 shares of the industrial products company’s stock worth $299,000 after acquiring an additional 134 shares in the last quarter. Great Valley Advisor Group Inc. raised its stake in Xylem by 9.6% during the second quarter. Great Valley Advisor Group Inc. now owns 3,482 shares of the industrial products company’s stock valued at $472,000 after purchasing an additional 305 shares in the last quarter. Ferguson Wellman Capital Management Inc. purchased a new stake in Xylem during the second quarter valued at $211,000. Welch Group LLC raised its stake in Xylem by 69.6% during the second quarter. Welch Group LLC now owns 7,800 shares of the industrial products company’s stock valued at $1,058,000 after purchasing an additional 3,200 shares in the last quarter. Finally, Atticus Wealth Management LLC raised its position in shares of Xylem by 23.9% during the 2nd quarter. Atticus Wealth Management LLC now owns 1,946 shares of the industrial products company’s stock valued at $264,000 after buying an additional 376 shares in the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Xylem Trading Down 0.6 %

Shares of NYSE XYL opened at $128.57 on Wednesday. The firm has a market cap of $31.24 billion, a PE ratio of 37.59, a price-to-earnings-growth ratio of 2.33 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 twelve month low of $106.24 and a twelve month high of $146.08. The business has a fifty day simple moving average of $128.44 and a two-hundred day simple moving average of $132.82.

Xylem (NYSE:XYL) last posted its earnings results on Thursday, October 31st. The industrial products company reported $1.11 EPS for the quarter, meeting analysts’ consensus estimates of $1.11. The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.17 billion. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $0.99 EPS. Analysts expect that Xylem Inc. will post 4.23 earnings per share for the current fiscal year.

Xylem Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, November 26th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.12%. Xylem’s dividend payout ratio is presently 42.11%.

Analyst Ratings Changes

XYL has been the topic of several recent research reports. Royal Bank of Canada decreased their target price on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Robert W. Baird decreased their price objective on Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Citigroup upgraded Xylem from a “neutral” rating to a “buy” rating and increased their price target for the company from $135.00 to $148.00 in a report on Monday. UBS Group assumed coverage on Xylem in a report on Tuesday, August 13th. They set a “buy” rating and a $165.00 price target on the stock. Finally, TD Cowen reduced their target price on shares of Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $150.45.

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.