Commonwealth Equity Services LLC Boosts Stake in Xylem Inc. (NYSE:XYL)

Commonwealth Equity Services LLC lifted its holdings in shares of Xylem Inc. (NYSE:XYL) by 10.7% during the fourth quarter, Holdings Channel reports. The fund owned 82,149 shares of the industrial products company’s stock after purchasing an additional 7,945 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Xylem were worth $9,531,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Nordea Investment Management AB boosted its stake in Xylem by 24.6% during the 4th quarter. Nordea Investment Management AB now owns 26,798 shares of the industrial products company’s stock valued at $3,125,000 after acquiring an additional 5,286 shares during the last quarter. MML Investors Services LLC raised its stake in shares of Xylem by 66.9% in the 3rd quarter. MML Investors Services LLC now owns 15,935 shares of the industrial products company’s stock valued at $2,152,000 after purchasing an additional 6,386 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of 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 worth $181,719,000 after purchasing an additional 5,817 shares during the last quarter. Swedbank AB grew its stake in Xylem by 23.1% in the fourth quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company’s stock worth $427,325,000 after purchasing an additional 691,618 shares in the last quarter. Finally, Groupama Asset Managment increased its holdings in Xylem by 89.6% in the third quarter. Groupama Asset Managment now owns 16,340 shares of the industrial products company’s stock valued at $2,206,000 after buying an additional 7,723 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on XYL shares. Wolfe Research reaffirmed a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Citigroup downgraded shares of Xylem from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 5th. Robert W. Baird boosted their target price on shares of Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Finally, Stifel Nicolaus reduced their price target on shares of Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $149.89.

Xylem Trading Up 0.4 %

Shares of NYSE:XYL opened at $121.35 on Thursday. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. The company’s 50-day moving average price is $125.07 and its 200 day moving average price is $126.33. The company has a market cap of $29.49 billion, a PE ratio of 33.16, a P/E/G ratio of 2.33 and a beta of 1.08. Xylem Inc. has a fifty-two week low of $113.26 and a fifty-two week high of $146.08.

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

Xylem Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend was Tuesday, February 18th. This is a positive change from Xylem’s previous quarterly dividend of $0.36. Xylem’s payout ratio is 43.72%.

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.