Crewe Advisors LLC Makes New Investment in Xylem Inc. (NYSE:XYL)

Crewe Advisors LLC bought a new position in Xylem Inc. (NYSE:XYL) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,200 shares of the industrial products company’s stock, valued at approximately $155,000.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Xylem during the fourth quarter worth approximately $198,207,000. Artisan Partners Limited Partnership bought a new stake in shares of Xylem in the 4th quarter worth approximately $187,207,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in shares of Xylem by 1,503.7% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,649,926 shares of the industrial products company’s stock worth $188,685,000 after acquiring an additional 1,547,043 shares during the last quarter. Kodai Capital Management LP bought a new stake in shares of Xylem in the 4th quarter worth approximately $133,945,000. Finally, Balyasny Asset Management L.P. lifted its holdings in shares of Xylem by 4,769.0% in the 4th quarter. Balyasny Asset Management L.P. now owns 927,390 shares of the industrial products company’s stock worth $106,056,000 after acquiring an additional 908,343 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on XYL. Robert W. Baird boosted their price objective on shares of Xylem from $151.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Citigroup lifted their target price on shares of Xylem from $126.00 to $139.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Mizuho lifted their target price 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. Oppenheimer lifted their target price on shares of Xylem from $147.00 to $152.00 and gave the stock an “outperform” rating in a research note on Friday, May 31st. Finally, Royal Bank of Canada lifted their target price on shares of Xylem from $157.00 to $162.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.58.

Insider Transactions at Xylem

In related news, CAO Geri-Michelle Mcshane sold 2,278 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $138.63, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CAO Geri-Michelle Mcshane sold 2,278 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $138.63, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Rodney Aulick sold 21,800 shares of the stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $139.01, for a total transaction of $3,030,418.00. Following the completion of the sale, the senior vice president now directly owns 76,287 shares of the company’s stock, valued at $10,604,655.87. The disclosure for this sale can be found here. Company insiders own 0.27% of the company’s stock.

Xylem Stock Performance

XYL traded up $0.42 during midday trading on Thursday, hitting $137.13. 1,239,149 shares of the company traded hands, compared to its average volume of 1,196,844. The company has a quick ratio of 1.22, a current ratio of 1.67 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $33.25 billion, a PE ratio of 48.80, a price-to-earnings-growth ratio of 2.50 and a beta of 1.04. The company’s 50-day moving average is $138.60 and its 200 day moving average is $130.08. Xylem Inc. has a 52 week low of $87.59 and a 52 week high of $146.08.

Xylem (NYSE:XYL) last posted its earnings results on Thursday, May 2nd. The industrial products company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.06. The business had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2 billion. Xylem had a net margin of 8.34% and a return on equity of 8.95%. The business’s revenue for the quarter was up 40.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.72 EPS. On average, research analysts expect that Xylem Inc. will post 4.22 EPS for the current year.

Xylem Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend was Thursday, May 30th. Xylem’s dividend payout ratio (DPR) is presently 51.25%.

Xylem 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.