Xylem Inc. (NYSE:XYL) Shares Purchased by EP Wealth Advisors LLC

EP Wealth Advisors LLC grew its position in shares of Xylem Inc. (NYSE:XYL) by 11.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 160,589 shares of the industrial products company’s stock after acquiring an additional 16,301 shares during the quarter. EP Wealth Advisors LLC owned about 0.07% of Xylem worth $21,684,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. City Holding Co. raised its holdings in Xylem by 3.8% in the third quarter. City Holding Co. now owns 2,071 shares of the industrial products company’s stock valued at $280,000 after buying an additional 75 shares during the period. First Trust Direct Indexing L.P. lifted its holdings in shares of Xylem by 0.9% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 9,070 shares of the industrial products company’s stock valued at $1,225,000 after acquiring an additional 78 shares in the last quarter. Addison Advisors LLC boosted its position in Xylem by 5.8% during the 2nd quarter. Addison Advisors LLC now owns 1,486 shares of the industrial products company’s stock worth $202,000 after purchasing an additional 82 shares during the period. Bangor Savings Bank increased its holdings in Xylem by 56.7% in the 3rd quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 85 shares in the last quarter. Finally, Angeles Wealth Management LLC lifted its stake in shares of Xylem by 3.6% during the third quarter. Angeles Wealth Management LLC now owns 2,462 shares of the industrial products company’s stock worth $332,000 after purchasing an additional 86 shares in the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

XYL has been the topic of a number of recent research reports. Royal Bank of Canada reduced their target price on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Robert W. Baird decreased their price objective on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. TD Cowen dropped their target price on Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. Finally, UBS Group began coverage on Xylem in a report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price target for the company. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Xylem currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.64.

Xylem Price Performance

NYSE XYL opened at $126.37 on Friday. The company has a 50-day moving average price of $128.67 and a two-hundred day moving average price of $133.20. Xylem Inc. has a 52 week low of $105.26 and a 52 week high of $146.08. The stock has a market cap of $30.70 billion, a price-to-earnings ratio of 36.95, a price-to-earnings-growth ratio of 2.35 and a beta of 1.05. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL) last posted its earnings results on Thursday, October 31st. The industrial products company reported $1.11 EPS for the quarter, meeting the consensus estimate of $1.11. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The firm had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same period last year, the firm earned $0.99 EPS. The firm’s revenue was up .2% compared to the same quarter last year. Analysts forecast that Xylem Inc. will post 4.23 EPS for the current year.

Xylem Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.14%. Xylem’s dividend payout ratio (DPR) is 42.11%.

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.