Beacon Pointe Advisors LLC Has $481,000 Stake in Xylem Inc. (NYSE:XYL)

Beacon Pointe Advisors LLC reduced its stake in Xylem Inc. (NYSE:XYL) by 2.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,147 shares of the industrial products company’s stock after selling 116 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in Xylem were worth $481,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Impax Asset Management Group plc lifted its stake in shares of Xylem by 231.5% in the fourth quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company’s stock worth $644,039,000 after buying an additional 3,883,845 shares during the last quarter. Norges Bank acquired a new position in Xylem during the 4th quarter worth $302,734,000. AMF Tjanstepension AB bought a new stake in Xylem during the fourth quarter valued at about $96,658,000. Victory Capital Management Inc. grew its position in shares of Xylem by 42.9% in the fourth quarter. Victory Capital Management Inc. now owns 2,326,024 shares of the industrial products company’s stock valued at $269,865,000 after purchasing an additional 698,745 shares during the last quarter. Finally, Swedbank AB increased its stake in shares of Xylem by 23.1% in the fourth quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company’s stock worth $427,325,000 after purchasing an additional 691,618 shares during the period. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

XYL has been the subject of several recent analyst reports. Citigroup decreased their target price on Xylem from $152.00 to $134.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Royal Bank of Canada increased their price objective on Xylem from $143.00 to $147.00 and gave the company an “outperform” rating in a research report on Wednesday. Stifel Nicolaus boosted their target price on shares of Xylem from $140.00 to $141.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Robert W. Baird reduced their price target on shares of Xylem from $149.00 to $146.00 and set an “outperform” rating for the company in a report on Wednesday. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Xylem has an average rating of “Moderate Buy” and a consensus price target of $146.88.

Xylem Stock Up 2.9 %

XYL opened at $124.30 on Friday. The company has a market capitalization of $30.25 billion, a P/E ratio of 33.96, a P/E/G ratio of 2.33 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. The firm’s fifty day moving average price is $118.02 and its two-hundred day moving average price is $121.86. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $146.08.

Xylem (NYSE:XYL) last posted its earnings results on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.08. The business had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.04 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.90 earnings per share. On average, analysts anticipate that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.29%. The ex-dividend date was Tuesday, February 18th. This is an increase from Xylem’s previous quarterly dividend of $0.36. Xylem’s dividend payout ratio (DPR) is 43.01%.

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.