Xylem Inc. (NYSE:XYL) Position Boosted by Hazlett Burt & Watson Inc.

Hazlett Burt & Watson Inc. raised its stake in shares of Xylem Inc. (NYSE:XYL) by 92.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 656 shares of the industrial products company’s stock after buying an additional 315 shares during the period. Hazlett Burt & Watson Inc.’s holdings in Xylem were worth $88,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of XYL. Duality Advisers LP bought a new position in shares of Xylem during the 1st quarter valued at $6,746,000. Russell Investments Group Ltd. grew its holdings in Xylem by 12.9% during the first quarter. Russell Investments Group Ltd. now owns 338,315 shares of the industrial products company’s stock valued at $43,737,000 after purchasing an additional 38,603 shares during the last quarter. California State Teachers Retirement System lifted its stake in shares of Xylem by 1.4% in the first quarter. California State Teachers Retirement System now owns 393,856 shares of the industrial products company’s stock worth $50,902,000 after buying an additional 5,477 shares during the last quarter. Cetera Investment Advisers raised its holdings in Xylem by 191.7% in the 1st quarter. Cetera Investment Advisers now owns 27,412 shares of the industrial products company’s stock worth $3,543,000 after acquiring an additional 18,014 shares during the period. Finally, Delaney Dennis R increased its stake in shares of Xylem by 3.6% in the first quarter. Delaney Dennis R now owns 30,622 shares of the industrial products company’s stock worth $3,958,000 after purchasing an additional 1,060 shares during the period. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Xylem Trading Up 1.2 %

NYSE XYL opened at $120.84 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.96. Xylem Inc. has a 52 week low of $95.35 and a 52 week high of $146.08. The stock has a market capitalization of $29.36 billion, a price-to-earnings ratio of 35.33, a PEG ratio of 2.12 and a beta of 1.05. The stock’s 50 day moving average price is $132.78 and its two-hundred day moving average price is $135.24.

Xylem (NYSE:XYL) last posted its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, meeting 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 during the quarter, compared to the consensus estimate of $2.17 billion. During the same period last year, the company earned $0.99 earnings per share. The business’s revenue was up .2% compared to the same quarter last year. As a group, analysts anticipate that Xylem Inc. will post 4.23 earnings per share for the current fiscal year.

Xylem Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th were issued a $0.36 dividend. The ex-dividend date was Thursday, August 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.19%. Xylem’s payout ratio is 42.11%.

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.