Mission Wealth Management LP Grows Stake in Xylem Inc. (NYSE:XYL)

Mission Wealth Management LP boosted its holdings in Xylem Inc. (NYSE:XYL) by 4.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,364 shares of the industrial products company’s stock after purchasing an additional 320 shares during the quarter. Mission Wealth Management LP’s holdings in Xylem were worth $957,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in XYL. Invesco Ltd. boosted its position in shares of Xylem by 35.1% during the third quarter. Invesco Ltd. now owns 4,182,821 shares of the industrial products company’s stock worth $380,762,000 after acquiring an additional 1,086,102 shares during the last quarter. American Century Companies Inc. lifted its stake in Xylem by 66.8% in the 3rd quarter. American Century Companies Inc. now owns 2,159,710 shares of the industrial products company’s stock worth $196,598,000 after purchasing an additional 864,711 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of Xylem during the 4th quarter valued at about $74,297,000. Morgan Stanley grew its position in shares of Xylem by 11.5% during the third 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 in the last quarter. Finally, Robeco Schweiz AG grew its position in shares of Xylem by 32.8% during the third quarter. Robeco Schweiz AG now owns 1,528,429 shares of the industrial products company’s stock valued at $139,133,000 after purchasing an additional 377,748 shares in the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Xylem Price Performance

Shares of XYL stock opened at $130.96 on Thursday. The stock has a 50 day moving average price of $128.04 and a 200 day moving average price of $114.63. Xylem Inc. has a 52-week low of $87.59 and a 52-week high of $133.71. 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 firm has a market capitalization of $31.74 billion, a P/E ratio of 48.15, a P/E/G ratio of 2.60 and a beta of 1.08.

Xylem (NYSE:XYL) last issued its earnings results on Tuesday, February 6th. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.03. The firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.05 billion. Xylem had a net margin of 8.27% and a return on equity of 9.65%. The business’s revenue was up 40.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.92 earnings per share. As a group, sell-side analysts predict that Xylem Inc. will post 4.13 earnings per share for the current year.

Xylem Increases Dividend

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

Analysts Set New Price Targets

XYL has been the subject of several research analyst reports. Stifel Nicolaus raised their price target on Xylem from $136.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Oppenheimer upped their price target on shares of Xylem from $133.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. Citigroup lifted 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. Royal Bank of Canada increased their price target on shares of Xylem from $140.00 to $145.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Finally, Raymond James upgraded Xylem from an “underperform” rating to a “market perform” rating in a research report on Thursday, January 4th. 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, Xylem presently has a consensus rating of “Moderate Buy” and a consensus target price of $138.11.

Insiders Place Their Bets

In other news, SVP Franz Cerwinka sold 2,408 shares of the 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 of the company’s stock, valued at approximately $1,431,032.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, SVP Franz Cerwinka sold 2,408 shares of Xylem stock in a transaction dated Thursday, February 8th. The stock was 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 directly owns 11,750 shares in the company, valued at $1,431,032.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Geri-Michelle Mcshane sold 1,000 shares of the stock in a transaction dated Tuesday, February 20th. The stock was 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 disclosure for this sale can be found here. 0.27% of the stock is currently owned by company insiders.

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.