Thurston Springer Miller Herd & Titak Inc. Increases Holdings in Xylem Inc. (NYSE:XYL)

Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Xylem Inc. (NYSE:XYL) by 26.8% during the 1st quarter, Holdings Channel.com reports. The fund owned 17,693 shares of the industrial products company’s stock after purchasing an additional 3,739 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Xylem were worth $2,113,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of XYL. Impax Asset Management Group plc grew its position in Xylem by 231.5% during the 4th quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company’s stock worth $644,039,000 after acquiring an additional 3,883,845 shares during the last quarter. Norges Bank bought a new position in Xylem during the 4th quarter worth approximately $302,734,000. Northern Trust Corp grew its position in Xylem by 42.0% during the 4th quarter. Northern Trust Corp now owns 3,268,433 shares of the industrial products company’s stock worth $379,204,000 after acquiring an additional 966,399 shares during the last quarter. AMF Tjanstepension AB bought a new position in Xylem during the 4th quarter worth approximately $96,658,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Xylem during the 4th quarter worth approximately $83,139,000. 87.96% of the stock is currently owned by institutional investors.

Xylem Price Performance

Shares of XYL stock opened at $126.87 on Thursday. The firm has a market cap of $30.87 billion, a P/E ratio of 34.66, a P/E/G ratio of 2.33 and a beta of 1.10. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $143.50. The business’s 50 day moving average price is $118.34 and its 200-day moving average price is $121.65. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76.

Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.08. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same period in the previous year, the company posted $0.90 earnings per share. The firm’s revenue was up 1.8% on a year-over-year basis. On average, equities research analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, May 29th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, May 29th. This represents a $1.60 annualized dividend and a dividend yield of 1.26%. Xylem’s dividend payout ratio is presently 43.01%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on XYL. Raymond James upgraded Xylem to a “hold” rating in a research report on Thursday, May 15th. 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 report on Wednesday, April 30th. Stifel Nicolaus raised their price target on Xylem from $140.00 to $141.00 and gave the stock a “buy” rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. assumed coverage on Xylem in a research report on Friday, May 30th. They set an “overweight” rating and a $148.00 price target on the stock. Finally, Citigroup cut their price objective on Xylem from $152.00 to $134.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $143.71.

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.