Capital Asset Advisory Services LLC Acquires 641 Shares of Xylem Inc. (NYSE:XYL)

Capital Asset Advisory Services LLC boosted its stake in shares of Xylem Inc. (NYSE:XYL) by 32.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,646 shares of the industrial products company’s stock after buying an additional 641 shares during the period. Capital Asset Advisory Services LLC’s holdings in Xylem were worth $310,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in XYL. Bangor Savings Bank boosted its position in shares of 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. Assetmark Inc. boosted its position in Xylem by 3,887.5% during the 3rd quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 311 shares during the last quarter. Versant Capital Management Inc boosted its position in Xylem by 318.2% during the 4th quarter. Versant Capital Management Inc now owns 368 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 280 shares during the last quarter. Catalyst Capital Advisors LLC raised its holdings in shares of Xylem by 226.0% in the third quarter. Catalyst Capital Advisors LLC now owns 339 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 235 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new stake in shares of Xylem in the third quarter valued at approximately $55,000. 87.96% of the stock is owned by institutional investors.

Xylem Price Performance

Shares of NYSE XYL opened at $122.16 on Tuesday. The firm has a market cap of $29.68 billion, a P/E ratio of 35.72, a price-to-earnings-growth ratio of 2.05 and a beta of 1.06. The business’s 50 day moving average is $120.87 and its 200-day moving average is $128.21. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 1-year low of $111.88 and a 1-year high of $146.08.

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. The firm had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the business earned $0.99 EPS. Equities research analysts predict that Xylem Inc. will post 4.23 earnings per share for the current year.

Xylem Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th were given a dividend of $0.36 per share. The ex-dividend date was Tuesday, November 26th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.18%. Xylem’s payout ratio is presently 42.11%.

Analyst Ratings Changes

XYL has been the subject of a number of analyst reports. Wolfe Research reaffirmed a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. TD Cowen reduced their price target on Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Citigroup lowered their price target on Xylem from $148.00 to $147.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Royal Bank of Canada dropped their target price on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, Stifel Nicolaus lowered their price target on Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $150.50.

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.