Smith Salley Wealth Management Has $9.38 Million Position in Xylem Inc. (NYSE:XYL)

Smith Salley Wealth Management lifted its stake in shares of Xylem Inc. (NYSE:XYL) by 0.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 80,880 shares of the industrial products company’s stock after buying an additional 241 shares during the quarter. Smith Salley Wealth Management’s holdings in Xylem were worth $9,384,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of XYL. Bangor Savings Bank raised its position in shares of Xylem by 56.7% in the third quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock valued at $32,000 after buying an additional 85 shares in the last quarter. Assetmark Inc. raised its stake in Xylem by 3,887.5% in the third quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 311 shares in the last quarter. Catalyst Capital Advisors LLC lifted its position in Xylem by 226.0% during the third quarter. Catalyst Capital Advisors LLC now owns 339 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 235 shares during the period. Versant Capital Management Inc grew its stake in Xylem by 318.2% during the fourth quarter. Versant Capital Management Inc now owns 368 shares of the industrial products company’s stock worth $43,000 after buying an additional 280 shares in the last quarter. Finally, Brooklyn Investment Group bought a new position in Xylem in the 3rd quarter valued at about $55,000. Institutional investors own 87.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Citigroup reduced their target price on Xylem from $148.00 to $147.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Robert W. Baird dropped their price objective on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Stifel Nicolaus decreased their target price on shares of Xylem from $172.00 to $166.00 and set a “buy” rating on the stock in a research note on Wednesday, December 11th. Royal Bank of Canada cut their price target on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $152.10.

Xylem Price Performance

Shares of NYSE XYL opened at $119.84 on Friday. The company has a market capitalization of $29.11 billion, a PE ratio of 35.04, a P/E/G ratio of 1.89 and a beta of 1.06. 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 $109.70 and a twelve month high of $146.08. The firm has a fifty day simple moving average of $121.08 and a 200 day simple moving average of $128.80.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, hitting 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 analyst estimates of $2.17 billion. During the same period last year, the company posted $0.99 EPS. The business’s quarterly revenue was up .2% on a year-over-year basis. On average, sell-side analysts forecast that Xylem Inc. will post 4.23 EPS for the current year.

Xylem Announces Dividend

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