Thurston Springer Miller Herd & Titak Inc. Has $2.11 Million Holdings in Xylem Inc. (NYSE:XYL)

Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 26.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 17,693 shares of the industrial products company's stock after acquiring an additional 3,739 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in Xylem were worth $2,113,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lee Danner & Bass Inc. bought a new stake in Xylem in the fourth quarter valued at about $30,000. Rialto Wealth Management LLC acquired a new position in shares of Xylem during the 4th quarter worth about $31,000. Heck Capital Advisors LLC bought a new stake in shares of Xylem in the 4th quarter valued at about $36,000. SRS Capital Advisors Inc. raised its position in shares of Xylem by 69.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 130 shares during the period. Finally, Pathway Financial Advisers LLC raised its position in shares of Xylem by 122.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 175 shares during the period. Institutional investors own 87.96% of the company's stock.

Xylem Stock Up 0.0%

Shares of XYL stock traded up $0.02 on Friday, hitting $126.68. 1,921,767 shares of the stock were exchanged, compared to its average volume of 1,399,715. The business has a 50-day moving average of $118.48 and a 200 day moving average of $121.68. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $143.50. The firm has a market capitalization of $30.83 billion, a P/E ratio of 34.61, a price-to-earnings-growth ratio of 2.33 and a beta of 1.13. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.95 by $0.08. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the prior year, the firm posted $0.90 EPS. The business's revenue was up 1.8% on a year-over-year basis. Equities analysts anticipate that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, May 29th. This represents a $1.60 annualized dividend and a yield of 1.26%. Xylem's dividend payout ratio (DPR) is presently 43.01%.

Analysts Set New Price Targets

Several brokerages have commented on XYL. Citigroup lowered their target price on shares of Xylem from $152.00 to $134.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Raymond James upgraded shares of Xylem to a "hold" rating in a research report on Thursday, May 15th. JPMorgan Chase & Co. began coverage on Xylem in a research note on Friday, May 30th. They set an "overweight" rating and a $148.00 price objective on the stock. Stifel Nicolaus boosted their target price on Xylem from $140.00 to $141.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Finally, Robert W. Baird dropped their price target on Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, Xylem currently has a consensus rating of "Moderate Buy" and an average price target of $143.71.

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.