Mark Sheptoff Financial Planning LLC Purchases Shares of 240 Xylem Inc. (NYSE:XYL)

Mark Sheptoff Financial Planning LLC acquired a new position in shares of Xylem Inc. (NYSE:XYL) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 240 shares of the industrial products company’s stock, valued at approximately $33,000.

A number of other institutional investors and hedge funds also recently modified their holdings of XYL. Beacon Pointe Advisors LLC raised its stake in Xylem by 17.6% in the fourth quarter. Beacon Pointe Advisors LLC now owns 5,099 shares of the industrial products company’s stock valued at $583,000 after buying an additional 762 shares during the period. Brown Advisory Inc. raised its stake in Xylem by 1.1% in the 4th quarter. Brown Advisory Inc. now owns 8,203 shares of the industrial products company’s stock valued at $938,000 after acquiring an additional 92 shares during the period. Norges Bank acquired a new stake in Xylem during the 4th quarter valued at $198,207,000. PNC Financial Services Group Inc. boosted its position in Xylem by 0.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 144,372 shares of the industrial products company’s stock worth $16,510,000 after purchasing an additional 802 shares during the period. Finally, UBS Group AG increased its holdings in shares of Xylem by 13.8% in the fourth quarter. UBS Group AG now owns 647,531 shares of the industrial products company’s stock valued at $74,052,000 after purchasing an additional 78,686 shares during the last quarter. 87.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

XYL has been the subject of a number of research reports. Oppenheimer raised their target price on shares of Xylem from $147.00 to $152.00 and gave the stock an “outperform” rating in a research note on Friday, May 31st. Stifel Nicolaus raised their price objective on shares of Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Royal Bank of Canada upped their target price on Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Argus lifted their price target on Xylem from $146.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Finally, TD Cowen reaffirmed a “hold” rating and issued a $138.00 price objective on shares of Xylem in a report on Tuesday, September 3rd. 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, the company has an average rating of “Moderate Buy” and an average price target of $147.54.

Xylem Stock Down 0.2 %

XYL stock opened at $132.86 on Thursday. Xylem Inc. has a 52 week low of $87.59 and a 52 week high of $146.08. The business has a 50-day simple moving average of $133.85 and a 200 day simple moving average of $134.08. The company has a quick ratio of 1.33, a current ratio of 1.85 and a debt-to-equity ratio of 0.19. The company has a market cap of $32.27 billion, a PE ratio of 47.28, a price-to-earnings-growth ratio of 2.34 and a beta of 1.04.

Xylem (NYSE:XYL) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.05 by $0.04. The company had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Xylem had a net margin of 9.11% and a return on equity of 9.48%. The business’s revenue for the quarter was up 26.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.98 EPS. Sell-side analysts anticipate that Xylem Inc. will post 4.26 EPS for the current fiscal year.

Xylem Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend is Thursday, August 29th. Xylem’s dividend payout ratio is presently 51.25%.

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.