Kovitz Investment Group Partners LLC Has $5.81 Million Position in Xylem Inc. (NYSE:XYL)

Kovitz Investment Group Partners LLC increased its position in shares of Xylem Inc. (NYSE:XYL) by 110.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,056 shares of the industrial products company’s stock after acquiring an additional 26,297 shares during the period. Kovitz Investment Group Partners LLC’s holdings in Xylem were worth $5,807,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Lee Danner & Bass Inc. bought a new position in shares of Xylem in the 4th quarter valued at $30,000. Rialto Wealth Management LLC acquired a new stake in Xylem in the fourth quarter valued at about $31,000. Heck Capital Advisors LLC bought a new position in Xylem in the fourth quarter valued at about $36,000. SRS Capital Advisors Inc. raised its stake in Xylem by 69.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 130 shares in the last quarter. Finally, Pathway Financial Advisers LLC lifted its holdings in shares of Xylem by 122.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 175 shares during the last quarter. 87.96% of the stock is owned by institutional investors.

Xylem Stock Up 0.5 %

Shares of XYL opened at $116.23 on Friday. The company has a market capitalization of $28.28 billion, a PE ratio of 31.76, a PEG ratio of 2.33 and a beta of 1.08. The stock’s 50-day moving average price is $118.90 and its two-hundred day moving average price is $122.43. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 12 month low of $100.47 and a 12 month high of $146.08.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.06. The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.18 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.99 earnings per share. On average, analysts anticipate that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Tuesday, February 18th. This is an increase from Xylem’s previous quarterly dividend of $0.36. Xylem’s dividend payout ratio (DPR) is currently 43.72%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Stifel Nicolaus lowered their price objective on shares of Xylem from $150.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th. Robert W. Baird increased their price target on Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Finally, Citigroup reduced their price objective on Xylem from $152.00 to $134.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $147.33.

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.