Breakwater Capital Group Makes New $209,000 Investment in Xylem Inc. (NYSE:XYL)

Breakwater Capital Group bought a new position in shares of Xylem Inc. (NYSE:XYL) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,616 shares of the industrial products company’s stock, valued at approximately $209,000.

Several other institutional investors have also recently bought and sold shares of the business. Brown Miller Wealth Management LLC boosted its holdings in Xylem by 1.4% in the first quarter. Brown Miller Wealth Management LLC now owns 11,524 shares of the industrial products company’s stock valued at $1,489,000 after acquiring an additional 156 shares during the last quarter. Register Financial Advisors LLC bought a new position in shares of Xylem during the 1st quarter worth approximately $89,000. Rheos Capital Works Inc. boosted its holdings in shares of Xylem by 28.8% during the 1st quarter. Rheos Capital Works Inc. now owns 120,900 shares of the industrial products company’s stock worth $15,625,000 after buying an additional 27,000 shares in the last quarter. Salem Investment Counselors Inc. boosted its holdings in shares of Xylem by 25.8% during the 1st quarter. Salem Investment Counselors Inc. now owns 731 shares of the industrial products company’s stock worth $94,000 after buying an additional 150 shares in the last quarter. Finally, Mountain Pacific Investment Advisers Inc. ID boosted its holdings in shares of Xylem by 0.4% during the 1st quarter. Mountain Pacific Investment Advisers Inc. ID now owns 373,264 shares of the industrial products company’s stock worth $48,241,000 after buying an additional 1,592 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Price Performance

NYSE XYL traded down $0.76 during trading hours on Friday, hitting $135.63. The company had a trading volume of 2,197,606 shares, compared to its average volume of 1,161,525. Xylem Inc. has a 52 week low of $87.59 and a 52 week high of $146.08. The firm has a 50 day simple moving average of $138.73 and a 200 day simple moving average of $127.13. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.22 and a current ratio of 1.67. The firm has a market capitalization of $32.88 billion, a price-to-earnings ratio of 48.27, a PEG ratio of 2.40 and a beta of 1.07.

Xylem (NYSE:XYL) last issued its earnings results on Thursday, May 2nd. The industrial products company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.84 by $0.06. Xylem had a return on equity of 8.95% and a net margin of 8.34%. The business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2 billion. During the same quarter last year, the company earned $0.72 EPS. The firm’s revenue was up 40.4% compared to the same quarter last year. Equities research analysts expect that Xylem Inc. will post 4.25 earnings per share for the current year.

Xylem Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th were issued a $0.36 dividend. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $1.44 annualized dividend and a dividend yield of 1.06%. Xylem’s payout ratio is currently 51.25%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on XYL. Citigroup upped their target price on Xylem from $126.00 to $139.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Argus increased their price target on Xylem from $146.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Robert W. Baird increased their price target on Xylem from $151.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Royal Bank of Canada upped their price objective on Xylem from $157.00 to $162.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Finally, Oppenheimer upped their price objective on Xylem from $147.00 to $152.00 and gave the company an “outperform” rating in a research note on Friday, May 31st. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $142.92.

Insider Buying and Selling at Xylem

In related news, SVP Rodney Aulick sold 21,800 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $139.01, for a total transaction of $3,030,418.00. Following the transaction, the senior vice president now directly owns 76,287 shares of the company’s stock, valued at approximately $10,604,655.87. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Xylem news, SVP Rodney Aulick sold 21,800 shares of Xylem stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $139.01, for a total value of $3,030,418.00. Following the transaction, the senior vice president now directly owns 76,287 shares of the company’s stock, valued at approximately $10,604,655.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Geri-Michelle Mcshane sold 2,278 shares of Xylem stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $138.63, for a total value of $315,799.14. Following the completion of the transaction, the chief accounting officer now directly owns 3,536 shares in the company, valued at $490,195.68. The disclosure for this sale can be found here. Insiders own 0.27% of the company’s stock.

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.