Hemenway Trust Co LLC Has $28.52 Million Holdings in Xylem Inc. (NYSE:XYL)

Hemenway Trust Co LLC lessened its position in shares of Xylem Inc. (NYSE:XYL) by 0.5% in the third quarter, HoldingsChannel.com reports. The firm owned 211,234 shares of the industrial products company’s stock after selling 961 shares during the quarter. Xylem accounts for approximately 2.3% of Hemenway Trust Co LLC’s portfolio, making the stock its 23rd biggest holding. Hemenway Trust Co LLC’s holdings in Xylem were worth $28,523,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its position in shares of 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. Bangor Savings Bank lifted its stake in Xylem by 56.7% in the third quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock valued at $32,000 after buying an additional 85 shares during the period. Mark Sheptoff Financial Planning LLC bought a new position in shares of Xylem during the 2nd quarter worth approximately $33,000. Blue Trust Inc. grew its position in shares of Xylem by 1,185.7% during the 2nd quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock worth $35,000 after buying an additional 249 shares during the period. Finally, Assetmark Inc. increased its stake in shares of Xylem by 3,887.5% in the 3rd quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 311 shares in the last quarter. Institutional investors own 87.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on XYL shares. 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 note on Wednesday, November 6th. Robert W. Baird cut their price objective 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. UBS Group initiated coverage on Xylem in a research note on Tuesday, August 13th. They issued a “buy” rating and a $165.00 target price for the company. Stifel Nicolaus upped their price target on Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Royal Bank of Canada reduced their price objective on Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Xylem currently has an average rating of “Moderate Buy” and a consensus target price of $147.17.

Xylem Stock Up 1.0 %

Shares of NYSE:XYL traded up $1.22 during mid-day trading on Tuesday, hitting $125.85. 703,240 shares of the company traded hands, compared to its average volume of 1,189,645. The stock has a market cap of $30.58 billion, a P/E ratio of 36.44, a P/E/G ratio of 2.29 and a beta of 1.05. The stock has a 50-day moving average price of $131.21 and a two-hundred day moving average price of $134.99. Xylem Inc. has a 12-month low of $98.21 and a 12-month high of $146.08. 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 announced its earnings results on Thursday, October 31st. The industrial products company reported $1.11 EPS for the quarter, meeting the consensus estimate of $1.11. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the prior year, the company posted $0.99 earnings per share. The firm’s revenue for the quarter was up .2% on a year-over-year basis. On average, equities research analysts forecast 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. 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 1.14%. The ex-dividend date was Thursday, August 29th. Xylem’s payout ratio is 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.