Angeles Wealth Management LLC Increases Holdings in Xylem Inc. (NYSE:XYL)

Angeles Wealth Management LLC raised its stake in Xylem Inc. (NYSE:XYL) by 16.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,876 shares of the industrial products company’s stock after acquiring an additional 414 shares during the period. Angeles Wealth Management LLC’s holdings in Xylem were worth $334,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of XYL. State Street Corp boosted its stake in Xylem by 1.9% in the 3rd quarter. State Street Corp now owns 10,329,494 shares of the industrial products company’s stock worth $1,394,792,000 after purchasing an additional 189,820 shares in the last quarter. Geode Capital Management LLC raised its holdings in Xylem by 1.0% in the third quarter. Geode Capital Management LLC now owns 5,668,755 shares of the industrial products company’s stock worth $762,804,000 after buying an additional 54,877 shares during the last quarter. Swedbank AB lifted 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 buying an additional 691,618 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Xylem by 1.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,449,307 shares of the industrial products company’s stock valued at $465,760,000 after buying an additional 32,645 shares during the last quarter. Finally, Impax Asset Management Group plc increased its position in shares of Xylem by 1.0% during the third quarter. Impax Asset Management Group plc now owns 1,677,816 shares of the industrial products company’s stock valued at $226,555,000 after acquiring an additional 15,825 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors.

Xylem Stock Performance

XYL opened at $131.24 on Tuesday. Xylem Inc. has a 12-month low of $113.26 and a 12-month high of $146.08. The company has a market cap of $31.88 billion, a price-to-earnings ratio of 35.86, a PEG ratio of 2.36 and a beta of 1.07. The company has a current ratio of 1.76, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. The company’s 50 day moving average is $121.03 and its 200 day moving average is $127.35.

Xylem (NYSE:XYL) last issued its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.06. The business had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.99 EPS. On average, equities research analysts predict that Xylem Inc. will post 4.66 EPS for the current year.

Xylem Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th will be given a $0.40 dividend. This is a boost from Xylem’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.60 dividend on an annualized basis and a yield of 1.22%. Xylem’s dividend payout ratio is presently 39.34%.

Analysts Set New Price Targets

XYL has been the topic of several recent analyst reports. Robert W. Baird increased their target price on Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. TD Cowen dropped their price objective on Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. Royal Bank of Canada decreased their target price on Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Stifel Nicolaus dropped their price target on shares of Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Finally, Wolfe Research reissued a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Xylem currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.90.

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.