Hazlett Burt & Watson Inc. Has $88,000 Stock Holdings in Xylem Inc. (NYSE:XYL)

Hazlett Burt & Watson Inc. lifted its holdings in shares of Xylem Inc. (NYSE:XYL) by 92.4% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 656 shares of the industrial products company’s stock after buying an additional 315 shares during the period. Hazlett Burt & Watson Inc.’s holdings in Xylem were worth $88,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Impax Asset Management Group plc raised its stake in Xylem by 1.0% during the third quarter. Impax Asset Management Group plc now owns 1,677,816 shares of the industrial products company’s stock worth $226,555,000 after acquiring an additional 15,825 shares in the last quarter. Quintet Private Bank Europe S.A. grew its holdings in shares of Xylem by 28.0% during the 3rd quarter. Quintet Private Bank Europe S.A. now owns 203,262 shares of the industrial products company’s stock valued at $27,446,000 after purchasing an additional 44,414 shares during the last quarter. QRG Capital Management Inc. increased its position in Xylem by 12.2% during the 3rd quarter. QRG Capital Management Inc. now owns 15,281 shares of the industrial products company’s stock worth $2,063,000 after purchasing an additional 1,665 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Xylem by 27.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 314,964 shares of the industrial products company’s stock valued at $42,530,000 after purchasing an additional 67,061 shares during the last quarter. Finally, BSW Wealth Partners boosted its position in Xylem by 14.8% in the third quarter. BSW Wealth Partners now owns 2,690 shares of the industrial products company’s stock valued at $363,000 after buying an additional 346 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. TD Cowen reiterated a “hold” rating and issued a $138.00 price target on shares of Xylem in a research note on Tuesday, September 3rd. Royal Bank of Canada dropped their target price on Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research report on Friday. Stifel Nicolaus boosted their price target on Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. 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 objective for the company. Finally, Robert W. Baird reduced their target price on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a report on Friday. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $148.25.

Xylem Trading Up 1.2 %

NYSE:XYL opened at $120.84 on Tuesday. Xylem Inc. has a 52 week low of $95.35 and a 52 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 firm’s fifty day moving average is $132.78 and its 200-day moving average is $135.24. The firm has a market cap of $29.36 billion, a P/E ratio of 35.33, a P/E/G ratio of 2.12 and a beta of 1.05.

Xylem (NYSE:XYL) last issued its quarterly 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. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.17 billion. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The business’s revenue was up .2% compared to the same quarter last year. During the same period last year, the business posted $0.99 EPS. Equities analysts expect that Xylem Inc. will post 4.23 earnings per share for the current year.

Xylem Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend was Thursday, August 29th. Xylem’s dividend payout ratio (DPR) is presently 42.11%.

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.