Kovitz Investment Group Partners LLC Increases Position in Xylem Inc. (NYSE:XYL)

Kovitz Investment Group Partners LLC grew its stake in Xylem Inc. (NYSE:XYL - Free Report) by 259.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,759 shares of the industrial products company's stock after acquiring an additional 17,141 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Xylem were worth $3,208,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of XYL. Swedbank AB boosted its stake in Xylem by 22.8% in the 3rd quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company's stock worth $403,953,000 after purchasing an additional 554,609 shares in the last quarter. Erste Asset Management GmbH bought a new position in shares of Xylem in the third quarter worth approximately $68,593,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Xylem during the third quarter valued at approximately $52,169,000. Champlain Investment Partners LLC raised its holdings in Xylem by 17.8% in the 3rd quarter. Champlain Investment Partners LLC now owns 1,657,785 shares of the industrial products company's stock worth $223,851,000 after acquiring an additional 249,975 shares during the last quarter. Finally, LPL Financial LLC lifted its position in Xylem by 246.6% in the 2nd quarter. LPL Financial LLC now owns 324,504 shares of the industrial products company's stock valued at $44,012,000 after acquiring an additional 230,878 shares in the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Robert W. Baird decreased their price target on Xylem from $175.00 to $154.00 and set an "outperform" rating for the company in a research note on Friday, November 1st. Royal Bank of Canada dropped their price target on shares of Xylem from $163.00 to $162.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. UBS Group started coverage on shares of Xylem in a research report on Tuesday, August 13th. They set a "buy" rating and a $165.00 price objective on the stock. Citigroup raised shares of Xylem from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $135.00 to $148.00 in a research report on Monday. Finally, TD Cowen dropped their price target on Xylem from $138.00 to $125.00 and set a "hold" rating on the stock in a research note on Wednesday, November 6th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $150.45.

Xylem Price Performance

Shares of XYL traded down $0.78 during mid-day trading on Tuesday, reaching $128.57. The stock had a trading volume of 1,767,304 shares, compared to its average volume of 1,235,234. The business has a fifty day moving average of $128.56 and a 200 day moving average of $132.93. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.96. The firm has a market cap of $31.24 billion, a price-to-earnings ratio of 37.82, a PEG ratio of 2.33 and a beta of 1.05. Xylem Inc. has a 12 month low of $106.24 and a 12 month high of $146.08.

Xylem (NYSE:XYL - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 EPS for the quarter, meeting the consensus estimate of $1.11. The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.17 billion. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The business's revenue was up .2% on a year-over-year basis. During the same period in the previous year, the business earned $0.99 earnings per share. Equities analysts predict that Xylem Inc. will post 4.23 EPS for the current year.

Xylem Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th will be paid a $0.36 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.12%. Xylem's payout ratio is currently 42.11%.

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.