Algert Global LLC Has $4.25 Million Position in Xylem Inc. (NYSE:XYL)

Algert Global LLC boosted its stake in Xylem Inc. (NYSE:XYL) by 798.2% in the third quarter, HoldingsChannel reports. The firm owned 31,481 shares of the industrial products company’s stock after buying an additional 27,976 shares during the period. Algert Global LLC’s holdings in Xylem were worth $4,251,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its stake in shares of Xylem by 68.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock valued at $25,000 after buying an additional 77 shares during the period. Bangor Savings Bank grew its stake in Xylem by 56.7% in the third 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 period. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Xylem during the second quarter valued at approximately $33,000. Blue Trust Inc. raised its position in shares of Xylem by 1,185.7% during the second quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 249 shares during the period. Finally, Assetmark Inc. lifted its holdings in shares of Xylem by 3,887.5% in the 3rd quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 311 shares in the last quarter. 87.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Royal Bank of Canada decreased their price target on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Stifel Nicolaus boosted their target price on shares of Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Robert W. Baird dropped their price target on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. UBS Group started coverage on Xylem in a report on Tuesday, August 13th. They set a “buy” rating and a $165.00 price objective for the company. Finally, TD Cowen dropped their target price on Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $149.64.

Xylem Stock Up 1.2 %

XYL opened at $126.87 on Monday. Xylem Inc. has a 12 month low of $102.42 and a 12 month high of $146.08. The company has a market cap of $30.82 billion, a PE ratio of 37.10, a price-to-earnings-growth ratio of 2.34 and a beta of 1.05. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. The company has a 50 day moving average of $130.14 and a 200 day moving average of $134.22.

Xylem (NYSE:XYL) last posted its earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.11. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the previous year, the firm earned $0.99 EPS. The company’s quarterly revenue was up .2% compared to the same quarter last year. On average, sell-side analysts expect that Xylem Inc. will post 4.23 EPS for the current year.

Xylem Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, November 26th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.14%. The ex-dividend date is Tuesday, November 26th. Xylem’s payout ratio is 42.11%.

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.