Bleakley Financial Group LLC Boosts Stock Position in Xylem Inc. (NYSE:XYL)

Bleakley Financial Group LLC grew its stake in Xylem Inc. (NYSE:XYL) by 3.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,952 shares of the industrial products company’s stock after purchasing an additional 150 shares during the period. Bleakley Financial Group LLC’s holdings in Xylem were worth $452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in XYL. First Trust Advisors LP grew its position in shares of Xylem by 399.3% in the first quarter. First Trust Advisors LP now owns 2,951,349 shares of the industrial products company’s stock valued at $251,632,000 after purchasing an additional 2,360,214 shares in the last quarter. Morgan Stanley grew its position in Xylem by 145.5% in the fourth quarter. Morgan Stanley now owns 3,731,215 shares of the industrial products company’s stock worth $412,561,000 after acquiring an additional 2,211,083 shares during the period. Norges Bank purchased a new position in Xylem in the fourth quarter worth approximately $197,762,000. Vanguard Group Inc. grew its position in Xylem by 7.6% in the first quarter. Vanguard Group Inc. now owns 20,390,911 shares of the industrial products company’s stock worth $1,738,529,000 after acquiring an additional 1,435,798 shares during the period. Finally, Invesco Ltd. grew its position in Xylem by 53.6% in the first quarter. Invesco Ltd. now owns 3,828,177 shares of the industrial products company’s stock worth $326,390,000 after acquiring an additional 1,335,241 shares during the period. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $122.89, for a total value of $122,890.00. Following the sale, the chief accounting officer now directly owns 2,935 shares in the company, valued at $360,682.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $122.89, for a total value of $122,890.00. Following the sale, the chief accounting officer now directly owns 2,935 shares in the company, valued at $360,682.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Franz Cerwinka sold 2,408 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $121.79, for a total value of $293,270.32. Following the completion of the sale, the senior vice president now owns 11,750 shares in the company, valued at $1,431,032.50. The disclosure for this sale can be found here. Insiders own 0.90% of the company’s stock.

Xylem Stock Down 0.5 %

Shares of NYSE XYL opened at $128.11 on Friday. The stock has a market cap of $31.05 billion, a P/E ratio of 47.10, a PEG ratio of 2.55 and a beta of 1.10. The company has a current ratio of 1.76, a quick ratio of 1.30 and a debt-to-equity ratio of 0.22. Xylem Inc. has a 12-month low of $87.59 and a 12-month high of $130.86. The business’s fifty day simple moving average is $126.36 and its 200-day simple moving average is $111.24.

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

Xylem Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 21st were paid a $0.36 dividend. This is a boost from Xylem’s previous quarterly dividend of $0.33. This represents a $1.44 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend was Tuesday, February 20th. Xylem’s dividend payout ratio (DPR) is presently 52.94%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on XYL. Royal Bank of Canada increased their price objective on Xylem from $140.00 to $145.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Stifel Nicolaus increased their price objective on Xylem from $136.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Citigroup increased their price objective on Xylem from $126.00 to $139.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Raymond James upgraded Xylem from an “underperform” rating to a “market perform” rating in a research report on Thursday, January 4th. Finally, BNP Paribas assumed coverage on Xylem in a research note on Tuesday, March 12th. They set an “outperform” rating and a $150.00 price target on the stock. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Xylem currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.44.

Xylem Company 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.