Allworth Financial LP Acquires 406 Shares of Xylem Inc. (NYSE:XYL)

Allworth Financial LP raised its stake in shares of Xylem Inc. (NYSE:XYL) by 55.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,142 shares of the industrial products company’s stock after acquiring an additional 406 shares during the quarter. Allworth Financial LP’s holdings in Xylem were worth $154,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Swedbank AB bought a new stake in Xylem during the first quarter valued at about $311,684,000. Sei Investments Co. boosted its holdings in shares of Xylem by 56.4% in the 1st quarter. Sei Investments Co. now owns 1,013,314 shares of the industrial products company’s stock valued at $130,961,000 after buying an additional 365,420 shares in the last quarter. LPL Financial LLC grew its position in shares of Xylem by 246.6% in the 2nd quarter. LPL Financial LLC now owns 324,504 shares of the industrial products company’s stock worth $44,012,000 after buying an additional 230,878 shares during the last quarter. Jennison Associates LLC bought a new position in shares of Xylem during the 1st quarter worth approximately $29,234,000. Finally, TCW Group Inc. lifted its position in Xylem by 189.2% during the second quarter. TCW Group Inc. now owns 315,400 shares of the industrial products company’s stock valued at $42,778,000 after acquiring an additional 206,350 shares during the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Xylem Stock Up 0.3 %

NYSE:XYL opened at $130.22 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.85 and a quick ratio of 1.33. The company’s fifty day moving average price is $133.41 and its 200-day moving average price is $135.28. Xylem Inc. has a 1-year low of $91.42 and a 1-year high of $146.08. The firm has a market capitalization of $31.63 billion, a P/E ratio of 41.21, a PEG ratio of 2.30 and a beta of 1.04.

Xylem (NYSE:XYL) last announced its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.04. The company had revenue of $2.17 billion for 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 firm’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 EPS. As a group, equities research analysts anticipate that Xylem Inc. will post 4.26 EPS for the current year.

Xylem Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, August 29th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend was Thursday, August 29th. Xylem’s dividend payout ratio is currently 45.57%.

Analyst Upgrades and Downgrades

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

Xylem Company 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.