EP Wealth Advisors LLC Makes New $19.57 Million Investment in Xylem Inc. (NYSE:XYL)

EP Wealth Advisors LLC purchased a new stake in Xylem Inc. (NYSE:XYL) during the second quarter, according to its most recent filing with the SEC. The firm purchased 144,288 shares of the industrial products company’s stock, valued at approximately $19,570,000. EP Wealth Advisors LLC owned 0.06% of Xylem at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in XYL. TD Asset Management Inc lifted its position in shares of Xylem by 5.6% during the fourth quarter. TD Asset Management Inc now owns 82,820 shares of the industrial products company’s stock valued at $9,471,000 after buying an additional 4,415 shares during the last quarter. Stifel Financial Corp grew its holdings in Xylem by 17.2% in the fourth quarter. Stifel Financial Corp now owns 158,099 shares of the industrial products company’s stock worth $18,083,000 after purchasing an additional 23,172 shares during the last quarter. TFO Wealth Partners LLC increased its position in shares of Xylem by 687.8% during the fourth quarter. TFO Wealth Partners LLC now owns 1,544 shares of the industrial products company’s stock worth $177,000 after purchasing an additional 1,348 shares in the last quarter. Evoke Wealth LLC purchased a new stake in shares of Xylem during the 4th quarter valued at $680,000. Finally, Bank of Nova Scotia boosted its position in shares of Xylem by 33.9% in the 4th quarter. Bank of Nova Scotia now owns 29,795 shares of the industrial products company’s stock worth $3,407,000 after purchasing an additional 7,539 shares in the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Xylem Stock Up 0.3 %

Shares of XYL opened at $134.51 on Monday. Xylem Inc. has a 12-month low of $87.59 and a 12-month high of $146.08. The firm has a market cap of $32.67 billion, a P/E ratio of 47.87, a price-to-earnings-growth ratio of 2.37 and a beta of 1.04. The company’s 50-day moving average price is $133.22 and its 200 day moving average price is $134.48. The company has a current ratio of 1.85, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL) last released its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.04. The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.14 billion. Xylem had a return on equity of 9.48% and a net margin of 9.11%. Xylem’s revenue was up 26.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.98 EPS. On average, sell-side analysts forecast that Xylem Inc. will post 4.26 earnings per share for the current year.

Xylem Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, August 29th were issued a dividend of $0.36 per share. The ex-dividend date was Thursday, August 29th. This represents a $1.44 annualized dividend and a yield of 1.07%. Xylem’s dividend payout ratio is currently 51.25%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on XYL shares. UBS Group initiated coverage on shares of Xylem in a research note on Tuesday, August 13th. They set a “buy” rating and a $165.00 price objective for the company. Royal Bank of Canada lifted their price objective on shares of Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Robert W. Baird upped their target price on Xylem from $155.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Stifel Nicolaus lifted their price objective on Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, TD Cowen reaffirmed a “hold” rating and set a $138.00 target price on shares of Xylem in a research note on Tuesday, September 3rd. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $147.54.

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.