Redwood Wealth Management Group LLC Makes New Investment in Xylem Inc. (NYSE:XYL)

Redwood Wealth Management Group LLC acquired a new position in shares of Xylem Inc. (NYSE:XYL) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 343 shares of the industrial products company’s stock, valued at approximately $47,000.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Xylem by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 28,048,996 shares of the industrial products company’s stock valued at $3,207,683,000 after buying an additional 187,847 shares during the period. Swedbank AB grew its position in shares of Xylem by 1.0% during the 2nd quarter. Swedbank AB now owns 2,436,974 shares of the industrial products company’s stock valued at $330,527,000 after acquiring an additional 25,308 shares during the period. Mirova US LLC increased its stake in shares of Xylem by 2.0% in the 2nd quarter. Mirova US LLC now owns 1,876,618 shares of the industrial products company’s stock valued at $254,526,000 after purchasing an additional 36,013 shares in the last quarter. Norges Bank acquired a new position in Xylem in the 4th quarter worth about $198,207,000. Finally, DekaBank Deutsche Girozentrale boosted its position in Xylem by 2.2% during the second quarter. DekaBank Deutsche Girozentrale now owns 1,665,090 shares of the industrial products company’s stock worth $227,364,000 after purchasing an additional 36,601 shares in the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on XYL. UBS Group assumed coverage on Xylem in a research report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price objective for the company. Royal Bank of Canada upped their price objective on shares of Xylem from $160.00 to $163.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Argus lifted their target price on shares of Xylem from $146.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Robert W. Baird upped their price target on shares of Xylem from $155.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Finally, Stifel Nicolaus raised their price target on shares of Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Xylem has an average rating of “Moderate Buy” and a consensus target price of $147.54.

Xylem Price Performance

NYSE:XYL opened at $130.83 on Monday. The stock has a 50 day moving average price of $133.88 and a 200 day moving average price of $134.00. The stock has a market cap of $31.78 billion, a PE ratio of 46.56, a P/E/G ratio of 2.31 and a beta of 1.04. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.85. Xylem Inc. has a one year low of $87.59 and a one year high of $146.08.

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

Xylem Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th will be issued a dividend of $0.36 per share. The ex-dividend date is Thursday, August 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.10%. Xylem’s dividend payout ratio is currently 51.25%.

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.