Resources Management Corp CT ADV Buys 3,254 Shares of Xylem Inc. (NYSE:XYL)

Resources Management Corp CT ADV increased its stake in shares of Xylem Inc. (NYSE:XYL) by 27.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,265 shares of the industrial products company’s stock after acquiring an additional 3,254 shares during the quarter. Resources Management Corp CT ADV’s holdings in Xylem were worth $2,061,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. LRI Investments LLC grew its holdings in shares of Xylem by 119.3% in the 3rd quarter. LRI Investments LLC now owns 3,676 shares of the industrial products company’s stock worth $496,000 after purchasing an additional 2,000 shares during the last quarter. Groupama Asset Managment lifted its position in Xylem by 89.6% during the 3rd quarter. Groupama Asset Managment now owns 16,340 shares of the industrial products company’s stock worth $2,206,000 after buying an additional 7,723 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in Xylem by 1.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 88,086 shares of the industrial products company’s stock worth $11,894,000 after buying an additional 963 shares in the last quarter. MML Investors Services LLC lifted its position in Xylem by 66.9% during the 3rd quarter. MML Investors Services LLC now owns 15,935 shares of the industrial products company’s stock worth $2,152,000 after buying an additional 6,386 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in Xylem during the 3rd quarter worth about $419,000. Institutional investors own 87.96% of the company’s stock.

Xylem Stock Up 2.4 %

XYL opened at $129.35 on Tuesday. Xylem Inc. has a fifty-two week low of $106.24 and a fifty-two week high of $146.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.96. The company has a market capitalization of $31.43 billion, a P/E ratio of 37.82, a P/E/G ratio of 2.33 and a beta of 1.05. The stock has a fifty day moving average of $128.56 and a 200-day moving average of $132.93.

Xylem (NYSE:XYL) last posted its earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.11. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter last year, the firm earned $0.99 earnings per share. The company’s revenue was up .2% on a year-over-year basis. On average, equities analysts expect that Xylem Inc. will post 4.23 EPS for the current year.

Xylem Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, November 26th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Tuesday, November 26th. Xylem’s payout ratio is currently 42.11%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on XYL shares. Citigroup upgraded shares of Xylem from a “neutral” rating to a “buy” rating and upped their price target for the stock from $135.00 to $148.00 in a research report on Monday. TD Cowen cut their target price on shares of Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. UBS Group assumed coverage on shares of Xylem in a research report on Tuesday, August 13th. They set a “buy” rating and a $165.00 target price on the stock. Royal Bank of Canada cut their target price on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, Robert W. Baird cut their target price on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Xylem presently has an average rating of “Moderate Buy” and an average target price of $150.45.

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.