Sequoia Financial Advisors LLC Buys 9,636 Shares of Xylem Inc. (NYSE:XYL)

Sequoia Financial Advisors LLC raised its stake in Xylem Inc. (NYSE:XYL) by 406.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,006 shares of the industrial products company’s stock after acquiring an additional 9,636 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Xylem were worth $1,373,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Baillie Gifford & Co. raised its holdings in Xylem by 2.3% in 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 acquiring an additional 69,619 shares during the period. Perennial Advisors LLC raised its holdings in Xylem by 1.6% in the 4th quarter. Perennial Advisors LLC now owns 47,613 shares of the industrial products company’s stock valued at $5,445,000 after acquiring an additional 770 shares during the period. International Assets Investment Management LLC raised its holdings in Xylem by 10,296.7% in the 4th quarter. International Assets Investment Management LLC now owns 63,004 shares of the industrial products company’s stock valued at $7,205,000 after acquiring an additional 62,398 shares during the period. Bleakley Financial Group LLC raised its holdings in Xylem by 3.9% in the 4th quarter. Bleakley Financial Group LLC now owns 3,952 shares of the industrial products company’s stock valued at $452,000 after acquiring an additional 150 shares during the period. Finally, Ceredex Value Advisors LLC increased its holdings in shares of Xylem by 7.9% during the fourth quarter. Ceredex Value Advisors LLC now owns 809,304 shares of the industrial products company’s stock worth $92,552,000 after purchasing an additional 59,194 shares during the period. 87.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

XYL has been the topic of several recent research reports. Stifel Nicolaus raised their target price on shares of Xylem from $136.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Royal Bank of Canada raised their target price on shares of Xylem from $140.00 to $145.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Raymond James raised shares of Xylem from an “underperform” rating to a “market perform” rating in a report on Thursday, January 4th. BNP Paribas initiated coverage on shares of Xylem in a report on Tuesday, March 12th. They set an “outperform” rating and a $150.00 target price on the stock. Finally, Robert W. Baird raised their target price on shares of Xylem from $141.00 to $148.00 and gave the stock an “outperform” rating in a report on Thursday, March 21st. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.44.

Xylem Stock Performance

Shares of Xylem stock opened at $128.11 on Friday. Xylem Inc. has a fifty-two week low of $87.59 and a fifty-two week high of $130.86. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.76 and a quick ratio of 1.30. The firm has a market capitalization of $31.05 billion, a P/E ratio of 47.10, a P/E/G ratio of 2.55 and a beta of 1.10. The company’s 50 day moving average price is $126.36 and its two-hundred day moving average price is $111.24.

Xylem (NYSE:XYL) last issued its earnings results on Tuesday, February 6th. The industrial products company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.03. Xylem had a net margin of 8.27% and a return on equity of 9.65%. 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 business posted $0.92 earnings per share. The company’s quarterly revenue was up 40.6% on a year-over-year basis. On average, equities analysts forecast that Xylem Inc. will post 4.13 earnings per share for the current fiscal year.

Xylem Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 21st were given a $0.36 dividend. The ex-dividend date was Tuesday, February 20th. This represents a $1.44 dividend on an annualized basis and a yield of 1.12%. This is a positive change from Xylem’s previous quarterly dividend of $0.33. Xylem’s dividend payout ratio (DPR) is currently 52.94%.

Insider Buying and Selling at Xylem

In other Xylem news, SVP Franz Cerwinka sold 2,408 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president now owns 11,750 shares in the company, valued at $1,431,032.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Geri-Michelle Mcshane sold 1,000 shares of Xylem stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $122.89, for a total transaction of $122,890.00. Following the transaction, the chief accounting officer now owns 2,935 shares in the company, valued at $360,682.15. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Franz Cerwinka sold 2,408 shares of Xylem 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 transaction, the senior vice president now owns 11,750 shares in the company, valued at approximately $1,431,032.50. The disclosure for this sale can be found here. Company insiders own 0.90% of the company’s stock.

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.