Xylem Inc. (NYSE:XYL) Shares Bought by BIP Wealth LLC

BIP Wealth LLC raised its position in shares of Xylem Inc. (NYSE:XYL) by 34.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,256 shares of the industrial products company’s stock after acquiring an additional 581 shares during the quarter. BIP Wealth LLC’s holdings in Xylem were worth $305,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in XYL. EverSource Wealth Advisors LLC raised its holdings in Xylem by 68.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 77 shares during the last quarter. Bangor Savings Bank increased its stake in shares of Xylem by 56.7% in the 3rd quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 85 shares during the last quarter. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Xylem in the 2nd quarter worth $33,000. Blue Trust Inc. raised its holdings in shares of Xylem by 1,185.7% during the 2nd quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 249 shares during the period. Finally, Assetmark Inc. boosted its position in shares of Xylem by 3,887.5% during the 3rd quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 311 shares during the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Xylem Trading Down 0.2 %

NYSE XYL opened at $122.21 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.96. The firm has a market cap of $29.69 billion, a price-to-earnings ratio of 35.73, a PEG ratio of 2.25 and a beta of 1.05. The firm has a 50 day simple moving average of $130.47 and a 200-day simple moving average of $134.54. Xylem Inc. has a one year low of $100.06 and a one year high of $146.08.

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

Xylem Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have commented on XYL. Stifel Nicolaus lifted their target price 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. Robert W. Baird decreased their price objective on Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. UBS Group assumed coverage on Xylem in a research note on Tuesday, August 13th. They set a “buy” rating and a $165.00 target price for the company. Royal Bank of Canada decreased their price target on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Finally, TD Cowen lowered their price target on Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Xylem presently has a consensus rating of “Moderate Buy” and an average price target of $147.17.

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.