Xylem Inc. (NYSE:XYL) Shares Acquired by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC lifted its stake in shares of Xylem Inc. (NYSE:XYL) by 11.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,735 shares of the industrial products company’s stock after purchasing an additional 279 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Xylem were worth $369,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC grew its stake 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 worth $25,000 after acquiring an additional 77 shares during the last quarter. Bangor Savings Bank lifted its holdings 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 in the last quarter. Mark Sheptoff Financial Planning LLC acquired a new position in Xylem during the 2nd quarter worth approximately $33,000. Blue Trust Inc. lifted its stake 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 last quarter. Finally, Assetmark Inc. boosted its stake in Xylem by 3,887.5% in the 3rd quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 311 shares during the period. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Stock Performance

Shares of Xylem stock opened at $121.78 on Friday. The business has a 50-day moving average price of $130.76 and a two-hundred day moving average price of $134.69. Xylem Inc. has a 1-year low of $99.90 and a 1-year high of $146.08. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. The company has a market cap of $29.59 billion, a P/E ratio of 35.61, a PEG ratio of 2.24 and a beta of 1.05.

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

Wall Street Analyst Weigh In

XYL has been the subject of several research analyst reports. UBS Group initiated coverage on Xylem in a research note on Tuesday, August 13th. They set a “buy” rating and a $165.00 target price for the company. Robert W. Baird lowered their price target 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. TD Cowen reduced their price objective on Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. Royal Bank of Canada dropped their target price on Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Finally, Stifel Nicolaus upped their price objective on Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $147.17.

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.