J. Stern & Co. LLP Boosts Stake in Xylem Inc. (NYSE:XYL)

J. Stern & Co. LLP boosted its holdings in Xylem Inc. (NYSE:XYL) by 2.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 289,984 shares of the industrial products company’s stock after purchasing an additional 7,179 shares during the quarter. Xylem comprises 4.7% of J. Stern & Co. LLP’s portfolio, making the stock its 11th largest position. J. Stern & Co. LLP owned approximately 0.12% of Xylem worth $39,331,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Brown Advisory Inc. boosted its position in shares of Xylem by 1.1% during the fourth quarter. Brown Advisory Inc. now owns 8,203 shares of the industrial products company’s stock valued at $938,000 after buying an additional 92 shares during the last quarter. Coldstream Capital Management Inc. grew its stake in shares of Xylem by 7.9% in the fourth quarter. Coldstream Capital Management Inc. now owns 2,388 shares of the industrial products company’s stock worth $273,000 after acquiring an additional 174 shares during the period. D.A. Davidson & CO. raised its holdings in shares of Xylem by 23.1% during the fourth quarter. D.A. Davidson & CO. now owns 8,655 shares of the industrial products company’s stock valued at $990,000 after purchasing an additional 1,625 shares during the last quarter. Commerce Bank boosted its holdings in Xylem by 13.7% in the fourth quarter. Commerce Bank now owns 10,878 shares of the industrial products company’s stock worth $1,244,000 after purchasing an additional 1,313 shares during the last quarter. Finally, SageView Advisory Group LLC bought a new stake in Xylem in the 4th quarter worth approximately $304,000. Institutional investors own 87.96% of the company’s stock.

Xylem Stock Down 1.1 %

XYL opened at $134.81 on Monday. Xylem Inc. has a fifty-two week low of $87.59 and a fifty-two week high of $146.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.85. The stock has a market cap of $32.68 billion, a price-to-earnings ratio of 47.98, a price-to-earnings-growth ratio of 2.34 and a beta of 1.04. The firm’s fifty day moving average is $133.68 and its 200 day moving average is $134.24.

Xylem (NYSE:XYL) last released its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.04. The firm had revenue of $2.17 billion during 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 business’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.98 earnings per share. On average, sell-side analysts forecast that Xylem Inc. will post 4.26 earnings per share for the current fiscal year.

Xylem Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Thursday, August 29th. Xylem’s payout ratio is currently 51.25%.

Analysts Set New Price Targets

XYL has been the topic of a number of research reports. Oppenheimer raised their price target on Xylem from $147.00 to $152.00 and gave the stock an “outperform” rating in a research note on Friday, May 31st. Robert W. Baird boosted their price target on Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Stifel Nicolaus increased their price objective on shares of Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. UBS Group started coverage on shares of Xylem in a research report on Tuesday, August 13th. They set a “buy” rating and a $165.00 target price for the company. Finally, Argus increased their price target on shares of Xylem from $146.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $147.54.

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.