Private Advisor Group LLC Has $1.19 Million Stock Position in Xylem Inc. (NYSE:XYL)

Private Advisor Group LLC increased its holdings in shares of Xylem Inc. (NYSE:XYL) by 1.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 8,789 shares of the industrial products company’s stock after acquiring an additional 141 shares during the period. Private Advisor Group LLC’s holdings in Xylem were worth $1,192,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in XYL. EverSource Wealth Advisors LLC boosted its holdings in Xylem by 68.8% in the first quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 77 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in Xylem by 3.5% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 2,317 shares of the industrial products company’s stock worth $299,000 after acquiring an additional 79 shares in the last quarter. Addison Advisors LLC boosted its holdings in Xylem by 5.8% in the second quarter. Addison Advisors LLC now owns 1,486 shares of the industrial products company’s stock worth $202,000 after acquiring an additional 82 shares in the last quarter. Waycross Investment Management Co boosted its holdings in Xylem by 1.8% in the second quarter. Waycross Investment Management Co now owns 4,895 shares of the industrial products company’s stock worth $664,000 after acquiring an additional 87 shares in the last quarter. Finally, Bleakley Financial Group LLC boosted its holdings in Xylem by 2.3% in the first quarter. Bleakley Financial Group LLC now owns 4,042 shares of the industrial products company’s stock worth $522,000 after acquiring an additional 90 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Stock Performance

NYSE:XYL opened at $130.83 on Monday. 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 business has a fifty day simple moving average of $133.88 and a two-hundred day simple moving average of $134.00. Xylem Inc. has a 1 year low of $87.59 and a 1 year high of $146.08. The company has a market capitalization of $31.78 billion, a P/E ratio of 46.56, a P/E/G ratio of 2.31 and a beta of 1.04.

Xylem (NYSE:XYL) last released its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same period last year, the business posted $0.98 earnings per share. The business’s revenue for the quarter was up 26.0% on a year-over-year basis. On average, analysts expect that Xylem Inc. will post 4.26 earnings per share for the current year.

Xylem Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Thursday, August 29th. Xylem’s dividend payout ratio is currently 51.25%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. TD Cowen restated a “hold” rating and issued a $138.00 target price on shares of Xylem in a report on Tuesday, September 3rd. UBS Group assumed coverage on Xylem in a report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 target price on the stock. Robert W. Baird raised their target price on Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Oppenheimer raised their target price on Xylem from $147.00 to $152.00 and gave the company an “outperform” rating in a report on Friday, May 31st. Finally, Stifel Nicolaus raised their target price on Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a 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 company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $147.54.

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.