Cerity Partners LLC Buys 21,464 Shares of Xylem Inc. (NYSE:XYL)

Cerity Partners LLC increased its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 22.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 115,045 shares of the industrial products company's stock after acquiring an additional 21,464 shares during the quarter. Cerity Partners LLC's holdings in Xylem were worth $15,534,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its holdings in shares of Xylem by 68.8% in the first 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 lifted its stake in Xylem by 56.7% in the 3rd quarter. Bangor Savings Bank now owns 235 shares of the industrial products company's stock worth $32,000 after acquiring an additional 85 shares in the last quarter. Mark Sheptoff Financial Planning LLC acquired a new stake in Xylem during the 2nd quarter worth about $33,000. Blue Trust Inc. increased its holdings in shares of Xylem by 1,185.7% in the 2nd quarter. Blue Trust Inc. now owns 270 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 249 shares during the period. Finally, Assetmark Inc. lifted its position in shares of Xylem by 3,887.5% in the third 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. Hedge funds and other institutional investors own 87.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on XYL. Robert W. Baird decreased their target price on shares of Xylem from $175.00 to $154.00 and set an "outperform" rating for the company in a research note on Friday, November 1st. UBS Group initiated coverage on Xylem in a research report on Tuesday, August 13th. They issued a "buy" rating and a $165.00 target price on the stock. Royal Bank of Canada reduced their price target on Xylem from $163.00 to $162.00 and set an "outperform" rating for the company in a research report on Friday, November 1st. Stifel Nicolaus boosted their target price 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 cut their target price on shares of Xylem from $138.00 to $125.00 and set a "hold" rating for the company in a research report on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, Xylem has a consensus rating of "Moderate Buy" and a consensus target price of $149.64.

Xylem Trading Down 2.8 %

XYL traded down $3.63 during midday trading on Tuesday, reaching $124.95. 736,174 shares of the company were exchanged, compared to its average volume of 1,229,556. 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 stock has a market capitalization of $30.36 billion, a P/E ratio of 37.70, a PEG ratio of 2.34 and a beta of 1.05. The stock's 50-day simple moving average is $130.06 and its 200 day simple moving average is $134.13. Xylem Inc. has a one year low of $102.42 and a one year high of $146.08.

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

Xylem Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, November 26th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.15%. The ex-dividend date is Tuesday, November 26th. Xylem's payout ratio is 42.11%.

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.