Garrison Point Advisors LLC Has $736,000 Position in Xylem Inc. (NYSE:XYL)

Garrison Point Advisors LLC lifted its position in shares of Xylem Inc. (NYSE:XYL) by 2.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,450 shares of the industrial products company’s stock after purchasing an additional 155 shares during the period. Garrison Point Advisors LLC’s holdings in Xylem were worth $736,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its position in Xylem by 68.8% during the first quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 77 shares during the period. Bangor Savings Bank boosted its holdings in shares of Xylem by 56.7% during the 3rd 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. Mark Sheptoff Financial Planning LLC acquired a new position in Xylem in the 2nd quarter valued at about $33,000. Blue Trust Inc. raised its holdings in Xylem by 1,185.7% in the 2nd quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 249 shares during the period. Finally, FinTrust Capital Advisors LLC lifted its position in Xylem by 170.9% during the first quarter. FinTrust Capital Advisors LLC now owns 317 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 200 shares during the last quarter. 87.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada increased their target price on Xylem from $160.00 to $163.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Stifel Nicolaus boosted their target price on shares of Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Robert W. Baird upped their price target on shares of Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. UBS Group assumed coverage on shares of Xylem in a research note on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price objective for the company. Finally, TD Cowen restated a “hold” rating and set a $138.00 target price on shares of Xylem in a research report on Tuesday, September 3rd. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $149.67.

Xylem Stock Down 0.8 %

Shares of XYL opened at $130.65 on Friday. The firm has a 50 day simple moving average of $133.72 and a two-hundred day simple moving average of $135.18. The company has a market cap of $31.73 billion, a P/E ratio of 41.34, a P/E/G ratio of 2.31 and a beta of 1.04. Xylem Inc. has a one year low of $87.59 and a one year high of $146.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.85 and a quick ratio of 1.33.

Xylem (NYSE:XYL) last posted its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.04. The company had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Xylem had a return on equity of 9.48% and a net margin of 9.11%. Xylem’s revenue was up 26.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.98 EPS. Research analysts forecast that Xylem Inc. will post 4.26 EPS for the current fiscal year.

Xylem Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, August 29th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.10%. The ex-dividend date was Thursday, August 29th. Xylem’s dividend payout ratio (DPR) is presently 45.57%.

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.