Xylem Inc. (NYSE:XYL) Shares Purchased by Exencial Wealth Advisors LLC

Key Points

• Exencial Wealth Advisors LLC increased its holdings in Xylem Inc. by 3.2% during the first quarter, owning a total of 88,058 shares valued at approximately $10.5 million.
• Analysts have a consensus rating of "Moderate Buy" for Xylem, with an average target price of $151.57, following positive coverage from firms like JPMorgan and Citigroup.
• Xylem recently reported strong quarterly earnings, with $1.26 earnings per share, surpassing expectations and showing a revenue increase of 6.1% compared to the same period last year.

Exencial Wealth Advisors LLC increased its position in Xylem Inc. (NYSE:XYL - Free Report) by 3.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 88,058 shares of the industrial products company's stock after purchasing an additional 2,753 shares during the quarter. Exencial Wealth Advisors LLC's holdings in Xylem were worth $10,519,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Valley National Advisers Inc. grew its position in shares of Xylem by 84.9% during the 1st quarter. Valley National Advisers Inc. now owns 220 shares of the industrial products company's stock worth $26,000 after buying an additional 101 shares in the last quarter. Perkins Coie Trust Co purchased a new stake in Xylem in the first quarter worth about $27,000. Center for Financial Planning Inc. grew its holdings in Xylem by 52.0% during the 1st quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company's stock worth $32,000 after acquiring an additional 91 shares in the last quarter. Heck Capital Advisors LLC purchased a new position in Xylem during the 4th quarter valued at about $36,000. Finally, Financial Gravity Asset Management Inc. bought a new stake in shares of Xylem in the 1st quarter valued at about $41,000. Institutional investors own 87.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on XYL. Royal Bank Of Canada increased their price objective on shares of Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. UBS Group reaffirmed a "buy" rating and set a $168.00 target price (up previously from $164.00) on shares of Xylem in a research report on Tuesday. JPMorgan Chase & Co. began coverage on Xylem in a research report on Friday, May 30th. They issued an "overweight" rating and a $148.00 price target for the company. Stifel Nicolaus upped their price objective on Xylem from $162.00 to $175.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Finally, Robert W. Baird cut their target price on Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $151.57.

Xylem Stock Down 0.1%

NYSE XYL traded down $0.20 during trading on Thursday, hitting $143.42. The company's stock had a trading volume of 938,246 shares, compared to its average volume of 1,150,179. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $145.33. The company has a market cap of $34.91 billion, a PE ratio of 37.25, a P/E/G ratio of 2.49 and a beta of 1.11. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.90 and a quick ratio of 1.43. The business's 50 day simple moving average is $130.90 and its 200-day simple moving average is $124.97.

Xylem (NYSE:XYL - Get Free Report) last released its earnings results on Thursday, July 31st. The industrial products company reported $1.26 EPS for the quarter, topping analysts' consensus estimates of $1.15 by $0.11. The company had revenue of $2.30 billion during the quarter, compared to analysts' expectations of $2.20 billion. Xylem had a net margin of 10.74% and a return on equity of 10.33%. Xylem's revenue for the quarter was up 6.1% on a year-over-year basis. During the same period last year, the business earned $1.09 EPS. On average, equities analysts anticipate that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, May 29th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, May 29th. Xylem's dividend payout ratio is presently 41.56%.

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.