Private Advisor Group LLC Raises Stock Holdings in Xylem Inc. (NYSE:XYL)

Private Advisor Group LLC raised its stake in shares of Xylem Inc. (NYSE:XYL) by 24.8% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 10,969 shares of the industrial products company’s stock after buying an additional 2,180 shares during the period. Private Advisor Group LLC’s holdings in Xylem were worth $1,481,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Eastern Bank purchased a new position in shares of Xylem during the 3rd quarter valued at about $4,139,000. Signaturefd LLC raised its stake in shares of Xylem by 16.8% during the 3rd quarter. Signaturefd LLC now owns 5,010 shares of the industrial products company’s stock valued at $676,000 after buying an additional 720 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Xylem by 6.7% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 258,517 shares of the industrial products company’s stock valued at $34,907,000 after buying an additional 16,315 shares during the last quarter. Community Financial Services Group LLC grew its position in shares of Xylem by 2.6% during the 3rd quarter. Community Financial Services Group LLC now owns 25,096 shares of the industrial products company’s stock valued at $3,389,000 after acquiring an additional 636 shares during the period. Finally, Border to Coast Pensions Partnership Ltd grew its position in shares of Xylem by 4.5% during the 3rd quarter. Border to Coast Pensions Partnership Ltd now owns 141,827 shares of the industrial products company’s stock valued at $19,095,000 after acquiring an additional 6,050 shares during the period. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on XYL shares. 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 raised their target price on Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Stifel Nicolaus raised 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. TD Cowen restated a “hold” rating and set a $138.00 target price on shares of Xylem in a research report on Tuesday, September 3rd. Finally, Royal Bank of Canada raised their target price on Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $149.67.

Xylem Stock Up 0.3 %

Shares of NYSE XYL opened at $130.22 on Thursday. The firm has a market cap of $31.63 billion, a price-to-earnings ratio of 41.21, a PEG ratio of 2.30 and a beta of 1.04. The company has a quick ratio of 1.33, a current ratio of 1.85 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 52-week low of $91.42 and a 52-week high of $146.08. The business’s 50 day moving average is $133.41 and its two-hundred day moving average is $135.28.

Xylem (NYSE:XYL) last announced its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.04. The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.14 billion. Xylem had a return on equity of 9.48% and a net margin of 9.11%. The firm’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.98 earnings per share. Research analysts predict that Xylem Inc. will post 4.26 EPS for the current year.

Xylem Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date was Thursday, August 29th. Xylem’s payout ratio is 45.57%.

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.