RWA Wealth Partners LLC Acquires New Shares in Xylem Inc. (NYSE:XYL)

RWA Wealth Partners LLC acquired a new stake in shares of Xylem Inc. (NYSE:XYL) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,285 shares of the industrial products company’s stock, valued at approximately $261,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Morgan Stanley boosted its position in Xylem by 11.5% during the 3rd quarter. Morgan Stanley now owns 4,528,905 shares of the industrial products company’s stock valued at $412,267,000 after purchasing an additional 466,911 shares during the period. Invesco Ltd. boosted its position in Xylem by 35.1% during the 3rd quarter. Invesco Ltd. now owns 4,182,821 shares of the industrial products company’s stock valued at $380,762,000 after purchasing an additional 1,086,102 shares during the period. Royal Bank of Canada boosted its position in Xylem by 10.6% during the 3rd quarter. Royal Bank of Canada now owns 3,408,200 shares of the industrial products company’s stock valued at $310,249,000 after purchasing an additional 327,383 shares during the period. Baillie Gifford & Co. boosted its position in Xylem by 2.3% during the 4th quarter. Baillie Gifford & Co. now owns 3,066,639 shares of the industrial products company’s stock valued at $350,701,000 after purchasing an additional 69,619 shares during the period. Finally, Northern Trust Corp boosted its position in Xylem by 4.0% during the 3rd quarter. Northern Trust Corp now owns 2,617,441 shares of the industrial products company’s stock valued at $238,266,000 after purchasing an additional 100,728 shares during the period. Institutional investors and hedge funds own 87.96% of the company’s stock.

Analyst Ratings Changes

XYL has been the subject of a number of analyst reports. Citigroup boosted their price target on Xylem from $126.00 to $139.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Oppenheimer boosted their price target on Xylem from $133.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. Stifel Nicolaus boosted their price target on Xylem from $136.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. BNP Paribas initiated coverage on Xylem in a research report on Tuesday, March 12th. They set an “outperform” rating and a $150.00 price target for the company. Finally, Robert W. Baird boosted their price target on Xylem from $141.00 to $148.00 and gave the stock an “outperform” rating in a research report on Thursday, March 21st. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Xylem has an average rating of “Moderate Buy” and an average price target of $138.11.

Insider Transactions at Xylem

In other news, SVP Franz Cerwinka sold 2,408 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $121.79, for a total transaction of $293,270.32. Following the sale, the senior vice president now directly owns 11,750 shares of the company’s stock, valued at $1,431,032.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Geri-Michelle Mcshane sold 1,000 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $122.89, for a total transaction of $122,890.00. Following the sale, the chief accounting officer now directly owns 2,935 shares of the company’s stock, valued at $360,682.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Franz Cerwinka sold 2,408 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $121.79, for a total value of $293,270.32. Following the sale, the senior vice president now directly owns 11,750 shares in the company, valued at $1,431,032.50. The disclosure for this sale can be found here. 0.27% of the stock is owned by insiders.

Xylem Stock Down 0.0 %

XYL opened at $130.61 on Friday. Xylem Inc. has a one year low of $87.59 and a one year high of $132.23. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.30 and a current ratio of 1.76. The stock’s fifty day moving average is $127.44 and its 200-day moving average is $113.34. The company has a market capitalization of $31.66 billion, a PE ratio of 48.02, a P/E/G ratio of 2.60 and a beta of 1.10.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03. Xylem had a return on equity of 9.65% and a net margin of 8.27%. The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter in the previous year, the business earned $0.92 EPS. The company’s quarterly revenue was up 40.6% compared to the same quarter last year. On average, equities analysts predict that Xylem Inc. will post 4.13 EPS for the current fiscal year.

Xylem Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 21st were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, February 20th. This is a positive change from Xylem’s previous quarterly dividend of $0.33. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.10%. Xylem’s payout ratio is 52.94%.

Xylem 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.