Ballentine Partners LLC Boosts Stock Holdings in Xylem Inc. (NYSE:XYL)

Ballentine Partners LLC grew its position in Xylem Inc. (NYSE:XYL) by 32.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,518 shares of the industrial products company’s stock after purchasing an additional 2,086 shares during the period. Ballentine Partners LLC’s holdings in Xylem were worth $1,150,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Garrison Point Advisors LLC increased its position in shares of Xylem by 2.9% during the third quarter. Garrison Point Advisors LLC now owns 5,450 shares of the industrial products company’s stock valued at $736,000 after acquiring an additional 155 shares during the last quarter. Nicholson Wealth Management Group LLC purchased a new stake in shares of Xylem during the 3rd quarter valued at $656,000. Dakota Wealth Management increased its position in shares of Xylem by 156.2% during the 3rd quarter. Dakota Wealth Management now owns 11,071 shares of the industrial products company’s stock valued at $1,495,000 after purchasing an additional 6,749 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Xylem by 29.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 114,402 shares of the industrial products company’s stock worth $15,448,000 after purchasing an additional 26,347 shares during the period. Finally, IFM Investors Pty Ltd grew its position in Xylem by 22.0% during the third quarter. IFM Investors Pty Ltd now owns 58,154 shares of the industrial products company’s stock valued at $7,853,000 after buying an additional 10,501 shares during the period. 87.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

XYL has been the topic of several research reports. Royal Bank of Canada lifted their price objective on shares of Xylem from $160.00 to $163.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. TD Cowen reiterated a “hold” rating and issued a $138.00 price objective on shares of Xylem in a research note on Tuesday, September 3rd. UBS Group assumed coverage on Xylem in a report on Tuesday, August 13th. They set a “buy” rating and a $165.00 price objective for the company. Stifel Nicolaus upped 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. Finally, Robert W. Baird increased their price target on Xylem from $155.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $149.67.

Xylem Price Performance

XYL stock opened at $130.42 on Friday. The firm has a 50 day moving average of $133.67 and a 200-day moving average of $135.24. The company has a current ratio of 1.85, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $31.68 billion, a P/E ratio of 41.27, a price-to-earnings-growth ratio of 2.31 and a beta of 1.04. Xylem Inc. has a 12 month low of $87.59 and a 12 month high of $146.08.

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

Xylem Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date was Thursday, August 29th. Xylem’s payout ratio is currently 45.57%.

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.