Assetmark Inc. Raises Stock Position in Xylem Inc. (NYSE:XYL)

Assetmark Inc. lifted its stake in Xylem Inc. (NYSE:XYL) by 3,887.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 319 shares of the industrial products company’s stock after purchasing an additional 311 shares during the period. Assetmark Inc.’s holdings in Xylem were worth $43,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its holdings in shares of Xylem by 68.8% during the 1st 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. Bangor Savings Bank grew its stake in 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 purchasing an additional 85 shares during the period. Mark Sheptoff Financial Planning LLC bought a new position in Xylem in the second quarter worth $33,000. Blue Trust Inc. lifted its position in Xylem by 1,185.7% during the second quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock valued at $35,000 after buying an additional 249 shares during the period. Finally, Catalyst Capital Advisors LLC boosted its holdings in shares of Xylem by 226.0% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 339 shares of the industrial products company’s stock valued at $46,000 after buying an additional 235 shares in the last quarter. Institutional investors own 87.96% of the company’s stock.

Xylem Price Performance

NYSE XYL opened at $122.46 on Tuesday. The company has a 50-day moving average price of $130.62 and a 200-day moving average price of $134.65. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $29.75 billion, a P/E ratio of 35.81, a PEG ratio of 2.24 and a beta of 1.05. Xylem Inc. has a 52 week low of $100.06 and a 52 week high of $146.08.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.11. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the previous year, the firm posted $0.99 EPS. The company’s revenue for the quarter was up .2% compared to the same quarter last year. Equities research analysts anticipate that Xylem Inc. will post 4.23 earnings per share for the current year.

Xylem Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Investors 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 42.11%.

Wall Street Analysts Forecast Growth

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

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.