Providence Capital Advisors LLC Boosts Stake in Xylem Inc. (NYSE:XYL)

Providence Capital Advisors LLC boosted its stake in Xylem Inc. (NYSE:XYL) by 1.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 46,909 shares of the industrial products company’s stock after acquiring an additional 531 shares during the period. Xylem makes up approximately 1.3% of Providence Capital Advisors LLC’s portfolio, making the stock its 29th largest position. Providence Capital Advisors LLC’s holdings in Xylem were worth $6,334,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cetera Investment Advisers lifted its stake in Xylem by 191.7% in the 1st quarter. Cetera Investment Advisers now owns 27,412 shares of the industrial products company’s stock valued at $3,543,000 after buying an additional 18,014 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Xylem by 9.3% in the 3rd quarter. Victory Capital Management Inc. now owns 1,627,279 shares of the industrial products company’s stock valued at $219,731,000 after acquiring an additional 137,883 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Xylem by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,345,768 shares of the industrial products company’s stock valued at $181,719,000 after acquiring an additional 5,817 shares during the last quarter. Quintet Private Bank Europe S.A. raised its holdings in Xylem by 28.0% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 203,262 shares of the industrial products company’s stock valued at $27,446,000 after acquiring an additional 44,414 shares during the last quarter. Finally, Banque Cantonale Vaudoise raised its holdings in Xylem by 13.9% in the 3rd quarter. Banque Cantonale Vaudoise now owns 42,713 shares of the industrial products company’s stock valued at $5,768,000 after acquiring an additional 5,209 shares during the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Stifel Nicolaus boosted their price target on Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Royal Bank of Canada cut their price target on Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a report on Friday, November 1st. UBS Group assumed coverage on Xylem in a report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price target for the company. TD Cowen cut their price target on Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Finally, Robert W. Baird dropped their price objective on Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $149.64.

Xylem Trading Up 0.9 %

XYL stock opened at $125.60 on Thursday. Xylem Inc. has a 52 week low of $102.63 and a 52 week high of $146.08. The company has a market cap of $30.51 billion, a price-to-earnings ratio of 36.73, a PEG ratio of 2.29 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. The business has a fifty day simple moving average of $129.89 and a 200-day simple moving average of $134.00.

Xylem (NYSE:XYL) last announced its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 the consensus estimate of $2.17 billion. During the same period in the prior year, the firm earned $0.99 EPS. The firm’s quarterly revenue was up .2% compared to the same quarter last year. On average, equities research analysts expect that Xylem Inc. will post 4.23 EPS for the current year.

Xylem Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, November 26th will be issued a $0.36 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $1.44 annualized dividend and a yield of 1.15%. Xylem’s dividend payout ratio is currently 42.11%.

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.