Savant Capital LLC Has $458,000 Stock Holdings in Xylem Inc. (NYSE:XYL)

Savant Capital LLC grew its position in shares of Xylem Inc. (NYSE:XYL) by 66.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,380 shares of the industrial products company’s stock after purchasing an additional 1,353 shares during the quarter. Savant Capital LLC’s holdings in Xylem were worth $458,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in XYL. Sustainable Insight Capital Management LLC bought a new stake in Xylem in the second quarter worth approximately $2,645,000. Candriam S.C.A. boosted its position in shares of Xylem by 10.5% during the second quarter. Candriam S.C.A. now owns 304,162 shares of the industrial products company’s stock valued at $41,252,000 after buying an additional 28,999 shares during the last quarter. Private Advisor Group LLC boosted its position in shares of Xylem by 1.6% during the second quarter. Private Advisor Group LLC now owns 8,789 shares of the industrial products company’s stock valued at $1,192,000 after buying an additional 141 shares during the last quarter. Addison Advisors LLC boosted its position in shares of Xylem by 5.8% during the second quarter. Addison Advisors LLC now owns 1,486 shares of the industrial products company’s stock valued at $202,000 after buying an additional 82 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its position in shares of Xylem by 3.1% during the second quarter. Parkside Financial Bank & Trust now owns 3,169 shares of the industrial products company’s stock valued at $430,000 after buying an additional 95 shares during the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Xylem Stock Performance

Shares of XYL opened at $131.01 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.85 and a quick ratio of 1.33. Xylem Inc. has a 1 year low of $87.59 and a 1 year high of $146.08. The firm has a market cap of $31.76 billion, a PE ratio of 46.62, a PEG ratio of 2.23 and a beta of 1.04. The stock’s fifty day moving average price is $133.95 and its two-hundred day moving average price is $133.85.

Xylem (NYSE:XYL) last released its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same period in the previous year, the company posted $0.98 EPS. The firm’s revenue for the quarter was up 26.0% compared to the same quarter last year. On average, equities research analysts forecast that Xylem Inc. will post 4.26 EPS for the current year.

Xylem Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, August 29th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.10%. Xylem’s payout ratio is 51.25%.

Wall Street Analyst Weigh In

XYL has been the topic of several analyst reports. TD Cowen reaffirmed a “hold” rating and set a $138.00 target price on shares of Xylem in a research report on Tuesday, September 3rd. Robert W. Baird lifted their target price on Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Oppenheimer lifted their target price on Xylem from $147.00 to $152.00 and gave the company an “outperform” rating in a research report on Friday, May 31st. Argus boosted their price objective on Xylem from $146.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Finally, Royal Bank of Canada boosted their price objective on Xylem from $160.00 to $163.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $147.54.

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.