Charles Schwab Investment Management Inc. Grows Stock Holdings in Xylem Inc. (NYSE:XYL)

Charles Schwab Investment Management Inc. grew its stake in shares of Xylem Inc. (NYSE:XYL) by 0.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,345,768 shares of the industrial products company’s stock after acquiring an additional 5,817 shares during the period. Charles Schwab Investment Management Inc. owned 0.55% of Xylem worth $181,719,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in XYL. EverSource Wealth Advisors LLC grew its holdings in Xylem by 68.8% during the 1st 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 in the last quarter. Bangor Savings Bank increased its holdings in Xylem by 56.7% during 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 during the period. Mark Sheptoff Financial Planning LLC purchased a new stake in Xylem in the 2nd quarter worth approximately $33,000. Blue Trust Inc. grew its position in shares of Xylem by 1,185.7% during 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 in the last quarter. Finally, Assetmark Inc. increased its holdings 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 during the period. 87.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

XYL has been the subject of several research analyst reports. Royal Bank of Canada dropped their price objective on Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. TD Cowen decreased their price objective on shares of Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. Stifel Nicolaus lifted their target price on shares of Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. UBS Group initiated coverage on shares of Xylem in a report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price target on the stock. Finally, Robert W. Baird dropped their price objective on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $149.64.

Xylem Stock Performance

Xylem stock opened at $126.87 on Friday. The firm has a fifty day simple moving average of $130.14 and a two-hundred day simple moving average of $134.27. Xylem Inc. has a twelve month low of $102.42 and a twelve month high of $146.08. The company has a market capitalization of $30.82 billion, a PE ratio of 37.10, a P/E/G ratio of 2.34 and a beta of 1.05. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL) last issued its earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, meeting the consensus estimate of $1.11. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The company had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same period in the prior year, the business posted $0.99 EPS. Xylem’s quarterly revenue was up .2% compared to the same quarter last year. Research analysts expect that Xylem Inc. will post 4.23 EPS for the current year.

Xylem Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, November 26th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.14%. 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.