Sanctuary Advisors LLC Raises Stake in Xylem Inc. (NYSE:XYL)

Sanctuary Advisors LLC grew its holdings in shares of Xylem Inc. (NYSE:XYL) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,749 shares of the industrial products company’s stock after acquiring an additional 713 shares during the quarter. Sanctuary Advisors LLC’s holdings in Xylem were worth $3,258,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in XYL. First Trust Direct Indexing L.P. grew its stake in shares of Xylem by 0.9% during the third quarter. First Trust Direct Indexing L.P. now owns 9,070 shares of the industrial products company’s stock valued at $1,225,000 after buying an additional 78 shares during the last quarter. Angeles Wealth Management LLC grew its position in Xylem by 3.6% during the 3rd quarter. Angeles Wealth Management LLC now owns 2,462 shares of the industrial products company’s stock worth $332,000 after acquiring an additional 86 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Xylem by 6.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,412 shares of the industrial products company’s stock worth $191,000 after purchasing an additional 87 shares during the period. Clear Creek Financial Management LLC increased its stake in Xylem by 4.3% in the 4th quarter. Clear Creek Financial Management LLC now owns 2,315 shares of the industrial products company’s stock worth $269,000 after purchasing an additional 96 shares during the period. Finally, Bleakley Financial Group LLC lifted its position in Xylem by 2.3% in the fourth quarter. Bleakley Financial Group LLC now owns 4,359 shares of the industrial products company’s stock valued at $506,000 after purchasing an additional 96 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors.

Xylem Price Performance

Shares of NYSE XYL opened at $127.32 on Friday. Xylem Inc. has a 1 year low of $113.26 and a 1 year high of $146.08. The stock has a market capitalization of $30.93 billion, a P/E ratio of 34.79, a P/E/G ratio of 2.34 and a beta of 1.07. The company’s 50-day moving average is $121.81 and its 200 day moving average is $127.19. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.06. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The business had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.18 billion. During the same period in the previous year, the firm posted $0.99 EPS. The business’s revenue was up 8.6% on a year-over-year basis. On average, sell-side analysts expect that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.26%. This is a boost from Xylem’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, February 18th. Xylem’s dividend payout ratio is presently 43.72%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on XYL shares. Wolfe Research restated a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. TD Cowen cut their price target on shares of Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. Stifel Nicolaus lowered their price objective on shares of Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Citigroup lowered shares of Xylem from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 5th. Finally, Royal Bank of Canada reduced their price target on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Xylem presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.90.

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.