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

Daymark Wealth Partners LLC increased its stake in Xylem Inc. (NYSE:XYL) by 32.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,802 shares of the industrial products company’s stock after acquiring an additional 681 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Xylem were worth $380,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of XYL. EDENTREE ASSET MANAGEMENT Ltd increased its stake in Xylem by 2.7% in the 2nd quarter. EDENTREE ASSET MANAGEMENT Ltd now owns 71,049 shares of the industrial products company’s stock worth $9,635,000 after purchasing an additional 1,850 shares in the last quarter. APG Asset Management N.V. boosted its holdings in shares of Xylem by 21.7% in the second quarter. APG Asset Management N.V. now owns 446,576 shares of the industrial products company’s stock worth $56,514,000 after buying an additional 79,515 shares during the period. AQR Capital Management LLC increased its position in shares of Xylem by 38.2% in the second quarter. AQR Capital Management LLC now owns 28,887 shares of the industrial products company’s stock worth $3,918,000 after acquiring an additional 7,981 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of Xylem by 349.5% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,135 shares of the industrial products company’s stock valued at $290,000 after acquiring an additional 1,660 shares during the period. Finally, Point72 Hong Kong Ltd lifted its position in shares of Xylem by 221.9% in the 2nd quarter. Point72 Hong Kong Ltd now owns 10,416 shares of the industrial products company’s stock valued at $1,413,000 after acquiring an additional 7,180 shares in the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Robert W. Baird boosted their target price on shares of Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. UBS Group initiated coverage on Xylem in a research note on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price objective for the company. TD Cowen reaffirmed a “hold” rating and set a $138.00 target price on shares of Xylem in a research note on Tuesday, September 3rd. Royal Bank of Canada increased their price target 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. Finally, Stifel Nicolaus boosted their price objective on shares of Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a research 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $147.54.

Xylem Stock Performance

XYL stock opened at $134.51 on Friday. The company has a market capitalization of $32.67 billion, a price-to-earnings ratio of 47.87, a P/E/G ratio of 2.34 and a beta of 1.04. The firm has a 50 day moving average of $133.22 and a two-hundred day moving average of $134.43. The company has a quick ratio of 1.33, a current ratio of 1.85 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.

Xylem (NYSE:XYL) last posted its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.04. The company 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 business’s revenue was up 26.0% compared to the same quarter last year. During the same period last year, the company earned $0.98 earnings per share. As a group, equities analysts anticipate that Xylem Inc. will post 4.26 EPS for the current fiscal year.

Xylem Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th were given a dividend of $0.36 per share. The ex-dividend date was Thursday, August 29th. This represents a $1.44 dividend on an annualized basis and a yield of 1.07%. Xylem’s payout ratio is currently 51.25%.

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.