Xylem Inc. (NYSE:XYL) Shares Purchased by Cetera Investment Advisers

Cetera Investment Advisers increased its stake in shares of Xylem Inc. (NYSE:XYL) by 3.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,244 shares of the industrial products company’s stock after purchasing an additional 832 shares during the quarter. Cetera Investment Advisers’ holdings in Xylem were worth $3,831,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. EP Wealth Advisors LLC purchased a new position in Xylem in the second quarter worth $19,570,000. B. Riley Wealth Advisors Inc. raised its position in Xylem by 34.9% in the second quarter. B. Riley Wealth Advisors Inc. now owns 11,960 shares of the industrial products company’s stock worth $1,622,000 after acquiring an additional 3,091 shares in the last quarter. Ecofi Investissements SA purchased a new position in Xylem in the second quarter worth $10,880,000. Quarry LP raised its position in Xylem by 460.9% in the second quarter. Quarry LP now owns 746 shares of the industrial products company’s stock worth $101,000 after acquiring an additional 613 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in Xylem by 4.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 80,720 shares of the industrial products company’s stock worth $10,948,000 after acquiring an additional 3,477 shares in the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Xylem Stock Up 1.6 %

Shares of NYSE:XYL opened at $136.29 on Thursday. The stock’s 50-day moving average price is $132.65 and its two-hundred day moving average price is $134.77. The company has a current ratio of 1.85, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 12-month low of $87.59 and a 12-month high of $146.08. The firm has a market cap of $33.04 billion, a price-to-earnings ratio of 48.50, a PEG ratio of 2.35 and a beta of 1.04.

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

Xylem Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend was Thursday, August 29th. Xylem’s payout ratio is 51.25%.

Analyst Ratings Changes

Several research firms have issued reports on XYL. Stifel Nicolaus increased their price objective on Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. UBS Group initiated coverage on Xylem in a research report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price target for the company. Royal Bank of Canada raised their price target on Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Robert W. Baird raised their price target on Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Finally, TD Cowen restated a “hold” rating and issued a $138.00 price target on shares of Xylem in a research report on Tuesday, September 3rd. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Xylem currently has a consensus rating of “Moderate Buy” and an average target price of $149.67.

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.