Creative Planning Purchases 2,536 Shares of Xylem Inc. (NYSE:XYL)

Creative Planning lifted its stake in Xylem Inc. (NYSE:XYL) by 9.8% during the third quarter, HoldingsChannel.com reports. The firm owned 28,515 shares of the industrial products company’s stock after purchasing an additional 2,536 shares during the quarter. Creative Planning’s holdings in Xylem were worth $3,850,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of XYL. EverSource Wealth Advisors LLC grew its position in shares of Xylem by 68.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 77 shares during the period. Bangor Savings Bank boosted its position in shares of Xylem by 56.7% during the 3rd quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 85 shares during the last quarter. Mark Sheptoff Financial Planning LLC purchased a new position in Xylem in the second quarter worth about $33,000. Blue Trust Inc. increased its position in Xylem by 1,185.7% during the second quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 249 shares during the last quarter. Finally, FinTrust Capital Advisors LLC boosted its position in shares of Xylem by 170.9% during the first quarter. FinTrust Capital Advisors LLC now owns 317 shares of the industrial products company’s stock valued at $41,000 after buying an additional 200 shares during the period. 87.96% of the stock is owned by hedge funds and other institutional investors.

Xylem Stock Down 0.2 %

Shares of NYSE XYL opened at $130.40 on Friday. The stock has a market capitalization of $31.67 billion, a price-to-earnings ratio of 41.27, a price-to-earnings-growth ratio of 2.31 and a beta of 1.04. The company has a quick ratio of 1.33, a current ratio of 1.85 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average price of $133.67 and a 200 day moving average price of $135.19. Xylem Inc. has a 52 week low of $87.59 and a 52 week high of $146.08.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.04. The business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.14 billion. Xylem had a net margin of 9.11% and a return on equity of 9.48%. The company’s revenue was up 26.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.98 earnings per share. Equities research analysts anticipate that Xylem Inc. will post 4.26 EPS for the current fiscal year.

Xylem Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, August 29th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $1.44 dividend on an annualized basis and a yield of 1.10%. Xylem’s dividend payout ratio (DPR) is 45.57%.

Analyst Ratings Changes

XYL has been the topic of several research reports. Robert W. Baird raised their price objective on Xylem from $155.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. UBS Group initiated coverage on Xylem in a research report on Tuesday, August 13th. They set a “buy” rating and a $165.00 price target for the company. Stifel Nicolaus upped their price objective on shares of Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. TD Cowen reaffirmed a “hold” rating and set a $138.00 target price on shares of Xylem in a report on Tuesday, September 3rd. Finally, 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. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $149.67.

Xylem Company 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.