RPG Investment Advisory LLC Has $14.56 Million Stake in Xylem Inc. (NYSE:XYL)

RPG Investment Advisory LLC increased its position in Xylem Inc. (NYSE:XYL) by 1.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 107,846 shares of the industrial products company’s stock after acquiring an additional 1,885 shares during the period. Xylem comprises 2.1% of RPG Investment Advisory LLC’s investment portfolio, making the stock its 15th biggest position. RPG Investment Advisory LLC’s holdings in Xylem were worth $14,562,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its position 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 purchasing an additional 77 shares during the period. Bangor Savings Bank increased its position in Xylem by 56.7% during the third quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 85 shares during the period. Mark Sheptoff Financial Planning LLC acquired a new position in Xylem during the 2nd quarter valued at $33,000. Blue Trust Inc. boosted its holdings in 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. grew its position in 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 during the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Xylem Stock Up 0.1 %

NYSE XYL opened at $124.79 on Wednesday. The stock’s 50 day simple moving average is $131.09 and its 200 day simple moving average is $134.93. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.96 and a quick ratio of 1.42. Xylem Inc. has a one year low of $98.21 and a one year high of $146.08. The firm has a market cap of $30.32 billion, a PE ratio of 36.49, a price-to-earnings-growth ratio of 2.29 and a beta of 1.05.

Xylem (NYSE:XYL) last released its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share (EPS) 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 analysts’ expectations of $2.17 billion. During the same period in the previous year, the business posted $0.99 earnings per share. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, sell-side analysts forecast that Xylem Inc. will post 4.23 earnings per share for the current fiscal year.

Xylem Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, August 29th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Thursday, August 29th. Xylem’s dividend payout ratio is currently 42.11%.

Wall Street Analysts Forecast Growth

XYL has been the subject of several research reports. TD Cowen reduced their target price on shares of Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Stifel Nicolaus boosted their price objective on Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Robert W. Baird reduced their target price on Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Royal Bank of Canada lowered 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. Finally, UBS Group started coverage on shares of Xylem in a report on Tuesday, August 13th. They set a “buy” rating and a $165.00 price objective for the company. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $147.17.

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.