Garrison Asset Management LLC Sells 398 Shares of Xylem Inc. (NYSE:XYL)

Garrison Asset Management LLC lessened its stake in Xylem Inc. (NYSE:XYL) by 1.9% in the third quarter, HoldingsChannel reports. The fund owned 20,384 shares of the industrial products company’s stock after selling 398 shares during the period. Garrison Asset Management LLC’s holdings in Xylem were worth $2,752,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of XYL. City Holding Co. boosted its stake in Xylem by 3.8% during the third quarter. City Holding Co. now owns 2,071 shares of the industrial products company’s stock worth $280,000 after acquiring an additional 75 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Xylem by 68.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 77 shares in the last quarter. First Trust Direct Indexing L.P. lifted its stake in shares of Xylem by 0.9% in the third quarter. First Trust Direct Indexing L.P. now owns 9,070 shares of the industrial products company’s stock worth $1,225,000 after buying an additional 78 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Xylem by 3.5% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 2,317 shares of the industrial products company’s stock valued at $299,000 after buying an additional 79 shares during the last quarter. Finally, Addison Advisors LLC increased its position in shares of Xylem by 5.8% during the second quarter. Addison Advisors LLC now owns 1,486 shares of the industrial products company’s stock valued at $202,000 after acquiring an additional 82 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on XYL shares. Robert W. Baird dropped their target price on Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a research report on Friday. TD Cowen restated a “hold” rating and set a $138.00 price objective on shares of Xylem in a report on Tuesday, September 3rd. UBS Group started coverage on shares of Xylem in a report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price target on the stock. Royal Bank of Canada reduced 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. Finally, Stifel Nicolaus increased their price objective on Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Xylem presently has an average rating of “Moderate Buy” and an average price target of $148.25.

Xylem Price Performance

Shares of XYL stock traded up $2.21 on Monday, reaching $121.67. 90,241 shares of the company were exchanged, compared to its average volume of 1,183,850. Xylem Inc. has a 1 year low of $95.35 and a 1 year high of $146.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.96. The business has a 50-day moving average price of $132.78 and a 200 day moving average price of $135.18. The company has a market cap of $29.55 billion, a price-to-earnings ratio of 34.93, a P/E/G ratio of 2.14 and a beta of 1.05.

Xylem (NYSE:XYL) last posted its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, meeting the consensus estimate of $1.11. The business had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.17 billion. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.99 EPS. Equities research analysts forecast that Xylem Inc. will post 4.26 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, August 29th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend was Thursday, August 29th. Xylem’s payout ratio is 42.11%.

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.