Cerity Partners LLC Has $5.45 Million Stock Position in Xylem Inc. (NYSE:XYL)

Cerity Partners LLC increased its holdings in shares of Xylem Inc. (NYSE:XYL) by 10.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 47,621 shares of the industrial products company’s stock after purchasing an additional 4,537 shares during the period. Cerity Partners LLC’s holdings in Xylem were worth $5,446,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Patten Group Inc. grew its stake in Xylem by 0.3% during the fourth quarter. Patten Group Inc. now owns 31,112 shares of the industrial products company’s stock worth $3,558,000 after purchasing an additional 99 shares during the period. Whittier Trust Co. of Nevada Inc. grew its stake in Xylem by 4.6% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 2,238 shares of the industrial products company’s stock worth $256,000 after purchasing an additional 99 shares during the period. Evergreen Capital Management LLC grew its stake in Xylem by 1.9% during the fourth quarter. Evergreen Capital Management LLC now owns 5,319 shares of the industrial products company’s stock worth $588,000 after purchasing an additional 100 shares during the period. Harbour Investments Inc. grew its stake in Xylem by 1.1% in the first quarter. Harbour Investments Inc. now owns 9,017 shares of the industrial products company’s stock valued at $944,000 after acquiring an additional 101 shares during the period. Finally, Boston Trust Walden Corp grew its stake in Xylem by 3.2% in the fourth quarter. Boston Trust Walden Corp now owns 3,418 shares of the industrial products company’s stock valued at $391,000 after acquiring an additional 107 shares during the period. Institutional investors and hedge funds own 87.96% of the company’s stock.

Analyst Upgrades and Downgrades

XYL has been the subject of a number of research reports. Stifel Nicolaus raised their price objective on Xylem from $136.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Raymond James raised Xylem from an “underperform” rating to a “market perform” rating in a research note on Thursday, January 4th. Royal Bank of Canada raised their price objective on Xylem from $140.00 to $145.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. BNP Paribas initiated coverage on Xylem in a research note on Tuesday, March 12th. They issued an “outperform” rating and a $150.00 price objective for the company. Finally, Robert W. Baird raised their price objective on Xylem from $141.00 to $148.00 and gave the company an “outperform” rating in a research note on Thursday, March 21st. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $135.44.

Xylem Stock Up 0.6 %

XYL stock opened at $128.02 on Wednesday. Xylem Inc. has a twelve month low of $87.59 and a twelve month high of $130.86. The company has a quick ratio of 1.30, a current ratio of 1.76 and a debt-to-equity ratio of 0.22. The stock’s 50 day moving average is $126.79 and its 200-day moving average is $111.91. The firm has a market capitalization of $31.03 billion, a PE ratio of 47.07, a P/E/G ratio of 2.54 and a beta of 1.10.

Xylem (NYSE:XYL) last issued its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03. The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.05 billion. Xylem had a return on equity of 9.65% and a net margin of 8.27%. Xylem’s quarterly revenue was up 40.6% compared to the same quarter last year. During the same period last year, the company posted $0.92 earnings per share. Sell-side analysts expect that Xylem Inc. will post 4.13 EPS for the current fiscal year.

Xylem Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 21st were issued a dividend of $0.36 per share. This is a positive change from Xylem’s previous quarterly dividend of $0.33. This represents a $1.44 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend was Tuesday, February 20th. Xylem’s dividend payout ratio (DPR) is 52.94%.

Insider Buying and Selling

In related news, SVP Franz Cerwinka sold 2,408 shares of Xylem stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $121.79, for a total transaction of $293,270.32. Following the sale, the senior vice president now directly owns 11,750 shares in the company, valued at $1,431,032.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $122.89, for a total value of $122,890.00. Following the sale, the chief accounting officer now directly owns 2,935 shares in the company, valued at $360,682.15. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Franz Cerwinka sold 2,408 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $121.79, for a total value of $293,270.32. Following the completion of the sale, the senior vice president now owns 11,750 shares in the company, valued at $1,431,032.50. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by corporate insiders.

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.