Prentiss Smith & Co. Inc. Boosts Position in Xylem Inc. (NYSE:XYL)

Prentiss Smith & Co. Inc. grew its holdings in shares of Xylem Inc. (NYSE:XYL) by 0.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,382 shares of the industrial products company’s stock after buying an additional 112 shares during the period. Xylem accounts for 1.1% of Prentiss Smith & Co. Inc.’s portfolio, making the stock its 28th biggest position. Prentiss Smith & Co. Inc.’s holdings in Xylem were worth $1,718,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in XYL. Perkins Coie Trust Co purchased a new stake in Xylem in the first quarter worth $27,000. Lee Danner & Bass Inc. purchased a new stake in Xylem in the fourth quarter worth $30,000. Rialto Wealth Management LLC purchased a new stake in Xylem in the fourth quarter worth $31,000. Heck Capital Advisors LLC purchased a new stake in Xylem in the fourth quarter worth $36,000. Finally, SRS Capital Advisors Inc. grew its stake in Xylem by 69.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 130 shares during the period. 87.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on XYL. Stifel Nicolaus upped their price target on Xylem from $140.00 to $141.00 and gave the stock a “buy” rating in a research note on Wednesday, April 30th. Citigroup reduced their price target on Xylem from $152.00 to $134.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Raymond James Financial raised Xylem to a “hold” rating in a research note on Thursday, May 15th. JPMorgan Chase & Co. began coverage on Xylem in a research note on Friday, May 30th. They issued an “overweight” rating and a $148.00 price target on the stock. Finally, Robert W. Baird reduced their price target on Xylem from $149.00 to $146.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Xylem has a consensus rating of “Moderate Buy” and a consensus target price of $143.71.

Xylem Trading Down 1.7%

Xylem stock opened at $125.37 on Wednesday. The company has a current ratio of 1.89, a quick ratio of 1.41 and a debt-to-equity ratio of 0.18. The business’s fifty day simple moving average is $121.31 and its two-hundred day simple moving average is $121.73. Xylem Inc. has a 12 month low of $100.47 and a 12 month high of $143.50. The company has a market capitalization of $30.51 billion, a price-to-earnings ratio of 33.70, a price-to-earnings-growth ratio of 2.32 and a beta of 1.13.

Xylem (NYSE:XYL) last released its earnings results on Tuesday, April 29th. The industrial products company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.95 by $0.08. The business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.04 billion. Xylem had a return on equity of 10.12% and a net margin of 10.54%. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.90 earnings per share. As a group, equities analysts predict that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, May 29th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Thursday, May 29th. Xylem’s payout ratio is currently 43.01%.

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.