Brown Brothers Harriman & Co. Buys 108 Shares of Xylem Inc. (NYSE:XYL)

Brown Brothers Harriman & Co. grew its stake in shares of Xylem Inc. (NYSE:XYL) by 12.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 973 shares of the industrial products company’s stock after acquiring an additional 108 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Xylem were worth $131,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Cetera Investment Advisers grew its stake in shares of Xylem by 191.7% during the 1st quarter. Cetera Investment Advisers now owns 27,412 shares of the industrial products company’s stock valued at $3,543,000 after purchasing an additional 18,014 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Xylem by 9.3% in the third quarter. Victory Capital Management Inc. now owns 1,627,279 shares of the industrial products company’s stock worth $219,731,000 after buying an additional 137,883 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Xylem by 0.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,345,768 shares of the industrial products company’s stock valued at $181,719,000 after buying an additional 5,817 shares during the period. Quintet Private Bank Europe S.A. increased its holdings in Xylem by 28.0% during the third quarter. Quintet Private Bank Europe S.A. now owns 203,262 shares of the industrial products company’s stock valued at $27,446,000 after buying an additional 44,414 shares during the last quarter. Finally, Banque Cantonale Vaudoise raised its position in Xylem by 13.9% in the third quarter. Banque Cantonale Vaudoise now owns 42,713 shares of the industrial products company’s stock worth $5,768,000 after acquiring an additional 5,209 shares during the period. 87.96% of the stock is currently owned by institutional investors.

Xylem Trading Up 0.9 %

Shares of XYL opened at $125.61 on Friday. The firm has a market cap of $30.52 billion, a P/E ratio of 36.73, a price-to-earnings-growth ratio of 2.29 and a beta of 1.05. 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 1 year low of $102.63 and a 1 year high of $146.08. The company has a 50 day simple moving average of $129.75 and a two-hundred day simple moving average of $133.94.

Xylem (NYSE:XYL) last posted 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. The company had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.17 billion. Xylem had a net margin of 9.85% and a return on equity of 9.61%. Xylem’s quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the company posted $0.99 earnings per share. On average, equities analysts expect that Xylem Inc. will post 4.23 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, November 26th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Tuesday, November 26th. Xylem’s payout ratio is presently 42.11%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird cut their price objective on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. UBS Group started coverage on Xylem in a report on Tuesday, August 13th. They set a “buy” rating and a $165.00 price target for the company. Royal Bank of Canada decreased their price objective on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Finally, TD Cowen cut their price objective on Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $149.64.

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.