SVB Wealth LLC Has $994,000 Position in Xylem Inc. (NYSE:XYL)

SVB Wealth LLC grew its stake in shares of Xylem Inc. (NYSE:XYL) by 2.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 8,689 shares of the industrial products company’s stock after buying an additional 214 shares during the period. SVB Wealth LLC’s holdings in Xylem were worth $994,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in XYL. First Trust Advisors LP raised its position in shares of Xylem by 399.3% during 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 buying an additional 2,360,214 shares during the last quarter. Morgan Stanley raised 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 purchasing an additional 2,211,083 shares in the last quarter. Norges Bank acquired a new position in Xylem in the fourth quarter worth about $197,762,000. Vanguard Group Inc. raised 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 purchasing an additional 1,435,798 shares in the last quarter. Finally, Invesco Ltd. raised 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 purchasing an additional 1,335,241 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Insider Activity

In other news, CAO Geri-Michelle Mcshane sold 1,000 shares of the stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 2,935 shares of the company’s stock, valued at $360,682.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Franz Cerwinka sold 2,408 shares of the 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 transaction, the senior vice president now directly 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 available at this link. Also, CAO Geri-Michelle Mcshane sold 1,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now owns 2,935 shares in the company, valued at $360,682.15. The disclosure for this sale can be found here. 0.27% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on XYL shares. Stifel Nicolaus increased their price target on shares of Xylem from $136.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. BNP Paribas started coverage on shares of Xylem in a research report on Tuesday, March 12th. They issued an “outperform” rating and a $150.00 price target for the company. Oppenheimer increased their price target on shares of Xylem from $133.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday. Raymond James raised shares of Xylem from an “underperform” rating to a “market perform” rating in a research note on Thursday, January 4th. Finally, Citigroup upped their price objective on shares of Xylem from $126.00 to $139.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $138.11.

Xylem Price Performance

XYL opened at $127.84 on Friday. Xylem Inc. has a one year low of $87.59 and a one year 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 company’s 50 day simple moving average is $127.01 and its 200-day simple moving average is $112.36. The stock has a market capitalization of $30.99 billion, a P/E ratio of 47.00, a price-to-earnings-growth ratio of 2.53 and a beta of 1.10.

Xylem (NYSE:XYL) last released 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 net margin of 8.27% and a return on equity of 9.65%. The business had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.05 billion. During the same period in the prior year, the firm earned $0.92 earnings per share. Xylem’s revenue was up 40.6% compared to the same quarter last year. Sell-side analysts anticipate that Xylem Inc. will post 4.13 earnings per share for the current fiscal year.

Xylem Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 21st were paid a dividend of $0.36 per share. 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 1.13%. The ex-dividend date was Tuesday, February 20th. Xylem’s dividend payout ratio is 52.94%.

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.