Angeles Investment Advisors LLC Has $495,000 Stake in Xylem Inc. (NYSE:XYL)

Angeles Investment Advisors LLC grew its position in shares of Xylem Inc. (NYSE:XYL) by 5.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,267 shares of the industrial products company’s stock after buying an additional 207 shares during the quarter. Angeles Investment Advisors LLC’s holdings in Xylem were worth $495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XYL. Swedbank AB lifted its holdings in Xylem by 22.8% in the 3rd quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company’s stock worth $403,953,000 after purchasing an additional 554,609 shares during the last quarter. Empowered Funds LLC lifted its holdings in Xylem by 4.0% in the 3rd quarter. Empowered Funds LLC now owns 4,875 shares of the industrial products company’s stock worth $658,000 after purchasing an additional 188 shares during the last quarter. Citizens Financial Group Inc. RI lifted its holdings in Xylem by 9.2% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 2,648 shares of the industrial products company’s stock worth $358,000 after purchasing an additional 224 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Xylem by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,345,768 shares of the industrial products company’s stock worth $181,719,000 after purchasing an additional 5,817 shares during the last quarter. Finally, Raymond James Trust N.A. lifted its holdings in Xylem by 14.8% in the 3rd quarter. Raymond James Trust N.A. now owns 2,200 shares of the industrial products company’s stock worth $297,000 after purchasing an additional 284 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Stifel Nicolaus reduced their target price on Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a report on Friday, January 24th. Robert W. Baird upped their price target on Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Citigroup lowered Xylem from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 5th. Finally, Wolfe Research reiterated a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $149.89.

Xylem Stock Performance

XYL opened at $118.27 on Monday. The stock has a market cap of $28.75 billion, a PE ratio of 32.31, a P/E/G ratio of 2.33 and a beta of 1.08. 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 1 year low of $113.26 and a 1 year high of $146.08. The stock’s 50 day simple moving average is $125.24 and its 200-day simple moving average is $126.10.

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

Xylem Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, February 18th. This is a boost from Xylem’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.35%. Xylem’s payout ratio is currently 43.72%.

Xylem 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.