Apollon Wealth Management LLC Buys 123 Shares of Xylem Inc. (NYSE:XYL)

Apollon Wealth Management LLC boosted its position in shares of Xylem Inc. (NYSE:XYL) by 7.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,878 shares of the industrial products company’s stock after buying an additional 123 shares during the quarter. Apollon Wealth Management LLC’s holdings in Xylem were worth $254,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Swedbank AB boosted its stake in shares of Xylem by 22.8% during the 3rd quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company’s stock worth $403,953,000 after purchasing an additional 554,609 shares during the period. Mirova US LLC grew its stake in shares of Xylem by 2.0% during the second quarter. Mirova US LLC now owns 1,876,618 shares of the industrial products company’s stock valued at $254,526,000 after buying an additional 36,013 shares during the last quarter. Impax Asset Management Group plc raised its holdings in shares of Xylem by 1.0% in 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 buying an additional 15,825 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in shares of Xylem by 2.2% in the second quarter. DekaBank Deutsche Girozentrale now owns 1,665,090 shares of the industrial products company’s stock worth $227,364,000 after buying an additional 36,601 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Xylem by 8.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,474,033 shares of the industrial products company’s stock worth $199,930,000 after acquiring an additional 113,571 shares during the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Xylem Trading Up 0.6 %

XYL opened at $122.46 on Tuesday. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. The firm has a market cap of $29.75 billion, a price-to-earnings ratio of 35.81, a PEG ratio of 2.24 and a beta of 1.05. Xylem Inc. has a 12 month low of $100.06 and a 12 month high of $146.08. The stock has a fifty day moving average price of $130.62 and a 200-day moving average price of $134.65.

Xylem (NYSE:XYL) last released its quarterly 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 business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period in the prior year, the firm posted $0.99 earnings per share. The company’s quarterly revenue was up .2% on a year-over-year basis. As a group, equities research analysts anticipate that Xylem Inc. will post 4.23 earnings per share for the current fiscal year.

Xylem Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.18%. The ex-dividend date is Tuesday, November 26th. Xylem’s dividend payout ratio is currently 42.11%.

Analyst Ratings Changes

A number of analysts have weighed in on XYL shares. Royal Bank of Canada reduced their target price on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. TD Cowen decreased their price objective on shares of Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. UBS Group began coverage on shares of Xylem in a research note on Tuesday, August 13th. They issued a “buy” rating and a $165.00 target price on the stock. Stifel Nicolaus lifted their price target on shares of Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Robert W. Baird dropped their price objective on Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $147.17.

About Xylem

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.