Sequoia Financial Advisors LLC Grows Stock Position in Xylem Inc. (NYSE:XYL)

Sequoia Financial Advisors LLC lifted its holdings in Xylem Inc. (NYSE:XYLFree Report) by 13.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,370 shares of the industrial products company’s stock after purchasing an additional 285 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Xylem were worth $216,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. D.A. Davidson & CO. increased its stake in Xylem by 35.1% during the third quarter. D.A. Davidson & CO. now owns 7,030 shares of the industrial products company’s stock worth $640,000 after acquiring an additional 1,825 shares during the last quarter. Mattern Capital Management LLC boosted its holdings in shares of Xylem by 11.2% in the 3rd quarter. Mattern Capital Management LLC now owns 70,422 shares of the industrial products company’s stock worth $6,411,000 after purchasing an additional 7,101 shares during the period. Banque Cantonale Vaudoise increased its position in shares of Xylem by 40.8% during the 3rd quarter. Banque Cantonale Vaudoise now owns 29,291 shares of the industrial products company’s stock valued at $2,666,000 after purchasing an additional 8,495 shares during the last quarter. Amalgamated Bank raised its holdings in Xylem by 4.1% during the 3rd quarter. Amalgamated Bank now owns 65,841 shares of the industrial products company’s stock valued at $5,994,000 after buying an additional 2,565 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new stake in Xylem in the third quarter worth $5,435,000. Institutional investors own 84.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on XYL shares. Raymond James upgraded shares of Xylem from an “underperform” rating to a “market perform” rating in a research report on Thursday, January 4th. Wolfe Research assumed coverage on shares of Xylem in a report on Wednesday, December 13th. They set an “outperform” rating and a $127.00 price target on the stock. Deutsche Bank Aktiengesellschaft raised shares of Xylem from a “hold” rating to a “buy” rating and raised their price objective for the stock from $104.00 to $120.00 in a research note on Tuesday, November 21st. Stifel Nicolaus upped their target price on Xylem from $136.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Finally, Oppenheimer upgraded Xylem from a “market perform” rating to an “outperform” rating and set a $118.00 price target on the stock in a report on Thursday, October 19th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Xylem currently has an average rating of “Moderate Buy” and a consensus target price of $129.22.

Get Our Latest Stock Report on Xylem

Xylem Trading Up 1.6 %

XYL opened at $124.30 on Monday. The company has a quick ratio of 1.30, a current ratio of 1.76 and a debt-to-equity ratio of 0.22. The stock’s fifty day moving average is $112.43 and its two-hundred day moving average is $102.97. The company has a market capitalization of $29.97 billion, a P/E ratio of 45.70, a PEG ratio of 2.52 and a beta of 1.09. Xylem Inc. has a 52 week low of $87.59 and a 52 week high of $124.56.

Xylem (NYSE:XYLGet Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.96 by $0.03. Xylem had a return on equity of 9.65% and a net margin of 8.27%. The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same quarter last year, the firm posted $0.92 earnings per share. The business’s revenue for the quarter was up 40.6% on a year-over-year basis. Analysts forecast that Xylem Inc. will post 4.13 earnings per share for the current year.

Xylem Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 21st will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Tuesday, February 20th. This is a boost from Xylem’s previous quarterly dividend of $0.33. Xylem’s dividend payout ratio is presently 48.53%.

Insider Activity

In related news, Director Victoria D. Harker sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $106.50, for a total value of $213,000.00. Following the completion of the transaction, the director now owns 20,679 shares of the company’s stock, valued at $2,202,313.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Patrick Decker sold 99,648 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $100.84, for a total value of $10,048,504.32. Following the sale, the chief executive officer now directly owns 287,564 shares in the company, valued at approximately $28,997,953.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Victoria D. Harker sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $106.50, for a total transaction of $213,000.00. Following the transaction, the director now owns 20,679 shares of the company’s stock, valued at approximately $2,202,313.50. The disclosure for this sale can be found here. Insiders own 0.90% of the company’s stock.

About Xylem

(Free Report)

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions.

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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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