City Holding Co. Boosts Holdings in Xylem Inc. (NYSE:XYL)

City Holding Co. boosted its stake in Xylem Inc. (NYSE:XYL) by 6.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,196 shares of the industrial products company’s stock after acquiring an additional 125 shares during the period. City Holding Co.’s holdings in Xylem were worth $255,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. First Trust Direct Indexing L.P. boosted its holdings in shares of Xylem by 0.9% during the third quarter. First Trust Direct Indexing L.P. now owns 9,070 shares of the industrial products company’s stock worth $1,225,000 after purchasing an additional 78 shares during the last quarter. Bangor Savings Bank lifted its position in Xylem by 56.7% during the third quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock worth $32,000 after buying an additional 85 shares during the period. Angeles Wealth Management LLC boosted its stake in Xylem by 3.6% in the 3rd quarter. Angeles Wealth Management LLC now owns 2,462 shares of the industrial products company’s stock worth $332,000 after buying an additional 86 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Xylem by 6.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,412 shares of the industrial products company’s stock valued at $191,000 after buying an additional 87 shares during the period. Finally, Anchor Investment Management LLC increased its stake in shares of Xylem by 7.6% during the 2nd quarter. Anchor Investment Management LLC now owns 1,337 shares of the industrial products company’s stock valued at $181,000 after acquiring an additional 94 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on XYL. TD Cowen dropped 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. Royal Bank of Canada cut their target price on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Wolfe Research reissued a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Robert W. Baird cut their price objective on Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, Stifel Nicolaus decreased their target price on Xylem from $172.00 to $166.00 and set a “buy” rating for the company in a report on Wednesday, December 11th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Xylem presently has a consensus rating of “Moderate Buy” and an average target price of $152.10.

Xylem Trading Up 0.7 %

XYL opened at $119.84 on Tuesday. The firm’s 50 day moving average is $120.98 and its 200-day moving average is $128.68. Xylem Inc. has a 52-week low of $109.70 and a 52-week high of $146.08. 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 firm has a market capitalization of $29.11 billion, a P/E ratio of 35.04, a P/E/G ratio of 1.89 and a beta of 1.06.

Xylem (NYSE:XYL) last released its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.11. The firm 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 firm’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.99 EPS. Analysts expect that Xylem Inc. will post 4.23 EPS for the current fiscal year.

Xylem Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a $1.44 dividend on an annualized basis and a yield of 1.20%. Xylem’s dividend payout ratio (DPR) is presently 42.11%.

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.