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

Register Financial Advisors LLC purchased a new stake in Xylem Inc. (NYSE:XYL) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 690 shares of the industrial products company’s stock, valued at approximately $89,000.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in Xylem during the 4th quarter valued at $198,207,000. Artisan Partners Limited Partnership purchased a new stake in Xylem during the 4th quarter worth about $187,207,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in 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 purchasing an additional 1,547,043 shares during the period. Kodai Capital Management LP purchased a new position in Xylem during the 4th quarter valued at about $133,945,000. Finally, Balyasny Asset Management L.P. grew its holdings in Xylem by 4,769.0% during the 4th quarter. Balyasny Asset Management L.P. now owns 927,390 shares of the industrial products company’s stock valued at $106,056,000 after buying an additional 908,343 shares in the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on XYL shares. Mizuho upped their target price on shares of Xylem from $110.00 to $135.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. TD Cowen upped their price target on shares of Xylem from $135.00 to $138.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. BNP Paribas assumed coverage on Xylem in a research note on Tuesday, March 12th. They set an “outperform” rating and a $150.00 price objective for the company. Argus upped their target price on Xylem from $146.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Finally, Robert W. Baird raised their price target on Xylem from $151.00 to $155.00 and gave the company an “outperform” rating in a report 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. According to data from MarketBeat, Xylem has a consensus rating of “Moderate Buy” and an average price target of $142.92.

Xylem Price Performance

Shares of XYL stock traded down $0.75 during trading hours on Friday, hitting $135.64. 2,197,591 shares of the company’s stock were exchanged, compared to its average volume of 1,223,813. Xylem Inc. has a 12-month low of $87.59 and a 12-month high of $146.08. The company has a market capitalization of $32.89 billion, a PE ratio of 48.54, a PEG ratio of 2.41 and a beta of 1.07. The business’s 50 day simple moving average is $138.57 and its 200-day simple moving average is $126.68. The company has a current ratio of 1.67, a quick ratio of 1.22 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL) last posted its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.06. Xylem had a net margin of 8.34% and a return on equity of 8.95%. The business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2 billion. During the same period in the previous year, the firm posted $0.72 earnings per share. The firm’s revenue for the quarter was up 40.4% on a year-over-year basis. On average, equities research analysts anticipate that Xylem Inc. will post 4.25 earnings per share for the current year.

Xylem Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th were paid a $0.36 dividend. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $1.44 dividend on an annualized basis and a yield of 1.06%. Xylem’s dividend payout ratio (DPR) is currently 51.25%.

Insider Buying and Selling at Xylem

In other Xylem news, CAO Geri-Michelle Mcshane sold 2,278 shares of the stock in a transaction on Monday, June 10th. The shares were sold at an average price of $138.63, for a total transaction of $315,799.14. Following the completion of the sale, the chief accounting officer now owns 3,536 shares of the company’s stock, valued at approximately $490,195.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, SVP Rodney Aulick sold 21,800 shares of the company’s 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 transaction, the senior vice president now owns 76,287 shares in the company, valued at $10,604,655.87. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Geri-Michelle Mcshane sold 2,278 shares of Xylem stock in a transaction on Monday, June 10th. The shares were sold at an average price of $138.63, for a total transaction of $315,799.14. Following the completion of the sale, the chief accounting officer now owns 3,536 shares in the company, valued at approximately $490,195.68. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company’s stock.

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.