2,669 Shares in Xylem Inc. (NYSE:XYL) Acquired by SageView Advisory Group LLC

SageView Advisory Group LLC acquired a new stake in shares of Xylem Inc. (NYSE:XYL) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 2,669 shares of the industrial products company’s stock, valued at approximately $304,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bruce G. Allen Investments LLC bought a new stake in Xylem in the 4th quarter valued at $27,000. Orion Capital Management LLC bought a new stake in shares of Xylem in the third quarter worth about $48,000. Spire Wealth Management lifted its position in shares of Xylem by 370.9% in the fourth quarter. Spire Wealth Management now owns 485 shares of the industrial products company’s stock worth $54,000 after buying an additional 382 shares in the last quarter. Advantage Trust Co bought a new position in Xylem during the fourth quarter valued at approximately $57,000. Finally, Cary Street Partners Investment Advisory LLC grew its holdings in Xylem by 117.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 716 shares of the industrial products company’s stock valued at $65,000 after buying an additional 386 shares in the last quarter. Institutional investors own 87.96% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. BNP Paribas assumed coverage on Xylem in a report on Tuesday, March 12th. They set an “outperform” rating and a $150.00 price objective on the stock. Argus increased their price objective on shares of Xylem from $146.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Mizuho lifted their price objective on shares of Xylem from $110.00 to $135.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Robert W. Baird upped their target price on shares of Xylem from $151.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Finally, Oppenheimer lifted their price target on Xylem from $147.00 to $152.00 and gave the stock an “outperform” rating in a research report on Friday, May 31st. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $142.92.

Xylem Price Performance

XYL opened at $140.37 on Thursday. The business has a fifty day moving average of $137.37 and a 200 day moving average of $125.51. The stock has a market cap of $34.03 billion, a P/E ratio of 49.95, a PEG ratio of 2.48 and a beta of 1.07. The company has a quick ratio of 1.22, a current ratio of 1.67 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 52-week low of $87.59 and a 52-week high of $146.08.

Xylem (NYSE:XYL) last issued its earnings results on Thursday, May 2nd. The industrial products company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.06. The firm had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2 billion. Xylem had a net margin of 8.34% and a return on equity of 8.95%. The business’s revenue was up 40.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.72 earnings per share. As a group, sell-side analysts anticipate that Xylem Inc. will post 4.25 EPS for the current year.

Xylem Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Thursday, May 30th. Xylem’s dividend payout ratio is presently 51.25%.

Insider Activity at Xylem

In other Xylem news, CAO Geri-Michelle Mcshane sold 2,278 shares of Xylem stock in a transaction on Monday, June 10th. The stock was sold at an average price of $138.63, for a total transaction of $315,799.14. Following the completion of the sale, the chief accounting officer now directly owns 3,536 shares of the company’s stock, valued at approximately $490,195.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, SVP Rodney Aulick sold 21,800 shares of Xylem stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $139.01, for a total transaction of $3,030,418.00. Following the transaction, the senior vice president now directly owns 76,287 shares of the company’s stock, valued at $10,604,655.87. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Geri-Michelle Mcshane sold 2,278 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $138.63, for a total value of $315,799.14. Following the sale, the chief accounting officer now owns 3,536 shares of the company’s stock, valued at approximately $490,195.68. The disclosure for this sale can be found here. 0.27% of the stock is owned by company insiders.

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.