EP Wealth Advisors LLC Makes New $19.57 Million Investment in Xylem Inc. (NYSE:XYL)

EP Wealth Advisors LLC acquired a new stake in Xylem Inc. (NYSE:XYL) in the second quarter, HoldingsChannel.com reports. The firm acquired 144,288 shares of the industrial products company’s stock, valued at approximately $19,570,000.

Other institutional investors have also recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. grew its holdings in Xylem by 34.9% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 11,960 shares of the industrial products company’s stock valued at $1,622,000 after buying an additional 3,091 shares during the period. Ecofi Investissements SA acquired a new position in Xylem during the second quarter worth approximately $10,880,000. Quarry LP grew its stake in shares of Xylem by 460.9% during the 2nd quarter. Quarry LP now owns 746 shares of the industrial products company’s stock valued at $101,000 after buying an additional 613 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Xylem by 4.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 80,720 shares of the industrial products company’s stock worth $10,948,000 after buying an additional 3,477 shares during the last quarter. Finally, Creative Planning raised its position in shares of Xylem by 3.6% in the 2nd quarter. Creative Planning now owns 25,979 shares of the industrial products company’s stock worth $3,524,000 after buying an additional 904 shares during the period. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on XYL shares. Stifel Nicolaus boosted their price target on Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. UBS Group assumed 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. Robert W. Baird lifted their price target on shares of Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. TD Cowen reissued a “hold” rating and issued a $138.00 price objective on shares of Xylem in a research report on Tuesday, September 3rd. Finally, Royal Bank of Canada lifted their target price on shares of Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $147.54.

Xylem Trading Up 0.3 %

NYSE XYL opened at $134.51 on Monday. The company’s fifty day moving average price is $133.22 and its two-hundred day moving average price is $134.48. The company has a market capitalization of $32.67 billion, a price-to-earnings ratio of 47.87, a price-to-earnings-growth ratio of 2.37 and a beta of 1.04. Xylem Inc. has a 12 month low of $87.59 and a 12 month high of $146.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.85 and a quick ratio of 1.33.

Xylem (NYSE:XYL) last posted its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.04. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.14 billion. Xylem had a return on equity of 9.48% and a net margin of 9.11%. The company’s revenue for the quarter was up 26.0% compared to the same quarter last year. During the same period last year, the firm earned $0.98 earnings per share. As a group, research analysts predict that Xylem Inc. will post 4.26 earnings per share for the current fiscal year.

Xylem Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, August 29th were paid a dividend of $0.36 per share. The ex-dividend date was Thursday, August 29th. This represents a $1.44 annualized dividend and a yield of 1.07%. Xylem’s dividend payout ratio (DPR) is 51.25%.

About Xylem

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.