Prime Capital Investment Advisors LLC Acquires 284 Shares of Xylem Inc. (NYSE:XYL)

Prime Capital Investment Advisors LLC grew its holdings in Xylem Inc. (NYSE:XYL) by 16.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,013 shares of the industrial products company’s stock after purchasing an additional 284 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Xylem were worth $272,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. City Holding Co. grew its holdings in shares of Xylem by 3.8% in 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 during the period. EverSource Wealth Advisors LLC grew its holdings in shares of Xylem by 68.8% in the first quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 77 shares during the period. First Trust Direct Indexing L.P. grew its holdings 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 acquiring an additional 78 shares during the period. Addison Advisors LLC grew its holdings in shares of Xylem by 5.8% in the second quarter. Addison Advisors LLC now owns 1,486 shares of the industrial products company’s stock worth $202,000 after acquiring an additional 82 shares during the period. Finally, Bangor Savings Bank grew its holdings in shares of Xylem by 56.7% in the third quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 85 shares during the period. Institutional investors own 87.96% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on XYL shares. Royal Bank of Canada lowered their target price on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. UBS Group started coverage on Xylem in a research report on Tuesday, August 13th. They set a “buy” rating and a $165.00 target price on the stock. Robert W. Baird lowered 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, November 1st. Stifel Nicolaus lifted their target price on Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, TD Cowen lowered their target price on Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Xylem currently has an average rating of “Moderate Buy” and a consensus target price of $147.17.

Xylem Price Performance

NYSE:XYL opened at $121.78 on Monday. 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 company has a market capitalization of $29.59 billion, a P/E ratio of 35.61, a P/E/G ratio of 2.24 and a beta of 1.05. Xylem Inc. has a 12 month low of $99.90 and a 12 month high of $146.08. The business’s 50-day moving average is $130.76 and its 200 day moving average is $134.74.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, hitting the consensus estimate of $1.11. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The company had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same period in the previous year, the firm 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 fiscal year.

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.