Hennion & Walsh Asset Management Inc. Buys 1,117 Shares of Xylem Inc. (NYSE:XYL)

Hennion & Walsh Asset Management Inc. lifted its holdings in Xylem Inc. (NYSE:XYL) by 32.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,536 shares of the industrial products company’s stock after buying an additional 1,117 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Xylem were worth $526,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in XYL. Swedbank AB raised its holdings in shares of Xylem by 22.8% in the third quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company’s stock valued at $403,953,000 after buying an additional 554,609 shares during the last quarter. Erste Asset Management GmbH bought a new position in shares of Xylem in the third quarter valued at about $68,593,000. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Xylem in the third quarter valued at about $52,169,000. Champlain Investment Partners LLC raised its holdings in shares of Xylem by 17.8% in the third quarter. Champlain Investment Partners LLC now owns 1,657,785 shares of the industrial products company’s stock valued at $223,851,000 after buying an additional 249,975 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Xylem by 1.9% in the third quarter. State Street Corp now owns 10,329,494 shares of the industrial products company’s stock valued at $1,394,792,000 after buying an additional 189,820 shares during the last quarter. 87.96% of the stock is owned by institutional investors.

Xylem Price Performance

Xylem stock opened at $119.84 on Tuesday. The firm has a market capitalization of $29.11 billion, a P/E ratio of 35.04, a PEG ratio of 1.89 and a beta of 1.06. Xylem Inc. has a 1 year low of $109.70 and a 1 year high of $146.08. The business has a 50-day moving average of $120.98 and a 200-day moving average of $128.68. 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 (NYSE:XYL) last posted its 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 company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.17 billion. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.99 EPS. On average, equities analysts anticipate that Xylem Inc. will post 4.23 EPS for the current year.

Xylem Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Wolfe Research reaffirmed a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Royal Bank of Canada dropped their price objective on Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Stifel Nicolaus dropped their price objective on Xylem from $172.00 to $166.00 and set a “buy” rating for the company in a report on Wednesday, December 11th. Citigroup dropped their price objective on Xylem from $148.00 to $147.00 and set a “buy” rating for the company in a report on Monday, January 13th. Finally, Robert W. Baird dropped their price objective on Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Three equities research 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 company currently has a consensus rating of “Moderate Buy” and an average price target of $152.10.

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.