Xylem Inc. (NYSE:XYL) Stock Holdings Increased by Bailard Inc.

Bailard Inc. increased its position in shares of Xylem Inc. (NYSE:XYL) by 1.7% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 23,023 shares of the industrial products company’s stock after buying an additional 377 shares during the quarter. Bailard Inc.’s holdings in Xylem were worth $2,750,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of XYL. Vanguard Group Inc. boosted its stake in shares of Xylem by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 28,644,417 shares of the industrial products company’s stock valued at $3,323,325,000 after purchasing an additional 303,854 shares during the last quarter. Geode Capital Management LLC raised its holdings in Xylem by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 5,804,247 shares of the industrial products company’s stock valued at $671,623,000 after buying an additional 135,492 shares during the last quarter. Royal Bank of Canada grew its position in shares of Xylem by 7.9% during the 4th quarter. Royal Bank of Canada now owns 4,369,804 shares of the industrial products company’s stock worth $506,985,000 after buying an additional 320,500 shares during the period. Invesco Ltd. boosted its holdings in Xylem by 9.8% during the 4th quarter. Invesco Ltd. now owns 4,009,907 shares of the industrial products company’s stock worth $465,229,000 after acquiring an additional 359,276 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Xylem by 8.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,750,377 shares of the industrial products company’s stock valued at $435,119,000 after acquiring an additional 301,070 shares during the period. 87.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on XYL shares. Stifel Nicolaus upped their target price on Xylem from $140.00 to $141.00 and gave the company a “buy” rating in a report on Wednesday, April 30th. Royal Bank Of Canada raised their target price on Xylem from $143.00 to $147.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. Robert W. Baird cut their target price on Xylem from $149.00 to $146.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. JPMorgan Chase & Co. initiated coverage on Xylem in a report on Friday, May 30th. They issued an “overweight” rating and a $148.00 target price for the company. Finally, Citigroup reaffirmed a “buy” rating and issued a $152.00 target price (up previously from $137.00) on shares of Xylem in a research note on Monday. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Xylem currently has an average rating of “Moderate Buy” and an average price target of $146.29.

Xylem Trading Up 1.6%

XYL stock opened at $132.45 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.41 and a current ratio of 1.89. Xylem Inc. has a one year low of $100.47 and a one year high of $143.50. The company has a market capitalization of $32.23 billion, a PE ratio of 35.61, a price-to-earnings-growth ratio of 2.37 and a beta of 1.12. The company’s 50 day moving average price is $127.72 and its two-hundred day moving average price is $122.92.

Xylem (NYSE:XYL) last announced its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.08. The company had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.04 billion. Xylem had a net margin of 10.54% and a return on equity of 10.12%. Xylem’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.90 earnings per share. As a group, analysts predict that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, May 29th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Thursday, May 29th. Xylem’s dividend payout ratio (DPR) is presently 43.01%.

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.