BIP Wealth LLC Increases Position in Xylem Inc. (NYSE:XYL)

BIP Wealth LLC grew its position in Xylem Inc. (NYSE:XYL) by 34.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,256 shares of the industrial products company’s stock after purchasing an additional 581 shares during the quarter. BIP Wealth LLC’s holdings in Xylem were worth $305,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Swedbank AB acquired a new stake in shares of Xylem during the 1st quarter worth about $311,684,000. LPL Financial LLC increased its stake in Xylem by 246.6% in the second quarter. LPL Financial LLC now owns 324,504 shares of the industrial products company’s stock valued at $44,012,000 after purchasing an additional 230,878 shares during the last quarter. TCW Group Inc. increased its stake in Xylem by 189.2% in the second quarter. TCW Group Inc. now owns 315,400 shares of the industrial products company’s stock valued at $42,778,000 after purchasing an additional 206,350 shares during the last quarter. Marshall Wace LLP lifted its position in shares of Xylem by 433.0% during the 2nd quarter. Marshall Wace LLP now owns 229,082 shares of the industrial products company’s stock worth $31,070,000 after buying an additional 186,105 shares during the last quarter. Finally, EP Wealth Advisors LLC acquired a new position in shares of Xylem in the 2nd quarter valued at $19,570,000. 87.96% of the stock is owned by hedge funds and other institutional investors.

Xylem Trading Down 0.2 %

Shares of Xylem stock opened at $122.21 on Wednesday. The firm has a market cap of $29.69 billion, a price-to-earnings ratio of 35.73, a price-to-earnings-growth ratio of 2.25 and a beta of 1.05. Xylem Inc. has a 52-week low of $100.06 and a 52-week high of $146.08. The company’s 50-day simple moving average is $130.47 and its 200-day simple moving average is $134.54. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 0.19.

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

Xylem Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date is Tuesday, November 26th. Xylem’s dividend payout ratio (DPR) is currently 42.11%.

Wall Street Analyst Weigh In

Several brokerages recently commented on XYL. Royal Bank of Canada cut their price target on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Robert W. Baird reduced their target price on Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a report on Friday, November 1st. TD Cowen dropped their price target on Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. UBS Group assumed coverage on Xylem in a research report on Tuesday, August 13th. They set a “buy” rating and a $165.00 price target on the stock. Finally, Stifel Nicolaus increased their price objective on Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average 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.