Xylem Inc. (NYSE:XYL) Stock Holdings Increased by Strengthening Families & Communities LLC

Strengthening Families & Communities LLC boosted its holdings in shares of Xylem Inc. (NYSE:XYL) by 4.6% during the 1st quarter, Holdings Channel.com reports. The fund owned 20,175 shares of the industrial products company’s stock after purchasing an additional 894 shares during the period. Xylem comprises approximately 1.5% of Strengthening Families & Communities LLC’s investment portfolio, making the stock its 21st biggest position. Strengthening Families & Communities LLC’s holdings in Xylem were worth $2,420,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in XYL. Envestnet Asset Management Inc. raised its position in shares of Xylem by 5.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 306,391 shares of the industrial products company’s stock valued at $35,547,000 after purchasing an additional 16,311 shares during the period. Renaissance Technologies LLC grew its stake in shares of Xylem by 13.6% in the fourth quarter. Renaissance Technologies LLC now owns 263,471 shares of the industrial products company’s stock worth $30,568,000 after acquiring an additional 31,500 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Xylem in the fourth quarter worth $40,444,000. Scotia Capital Inc. grew its stake in shares of Xylem by 1.1% in the fourth quarter. Scotia Capital Inc. now owns 47,610 shares of the industrial products company’s stock worth $5,524,000 after acquiring an additional 510 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its stake in shares of Xylem by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 106,276 shares of the industrial products company’s stock worth $12,330,000 after acquiring an additional 670 shares during the last quarter. Institutional investors own 87.96% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on XYL. Wall Street Zen upgraded shares of Xylem from a “hold” rating to a “buy” rating in a research note on Saturday. Raymond James Financial upgraded shares of Xylem to a “hold” rating in a research note on Thursday, May 15th. Robert W. Baird decreased their price target on shares of Xylem from $149.00 to $146.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. UBS Group lifted their price target on shares of Xylem from $164.00 to $168.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Finally, Royal Bank Of Canada lifted their price target on shares of Xylem from $143.00 to $147.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Xylem currently has a consensus rating of “Moderate Buy” and an average target price of $151.57.

Xylem Stock Performance

Xylem stock opened at $142.71 on Friday. The stock has a 50-day simple moving average of $131.23 and a 200 day simple moving average of $125.14. The company has a quick ratio of 1.43, a current ratio of 1.90 and a debt-to-equity ratio of 0.17. Xylem Inc. has a 12-month low of $100.47 and a 12-month high of $145.33. The stock has a market capitalization of $34.74 billion, a price-to-earnings ratio of 37.07, a P/E/G ratio of 2.48 and a beta of 1.11.

Xylem (NYSE:XYL) last released its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.11. Xylem had a return on equity of 10.33% and a net margin of 10.74%. The business had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.20 billion. During the same period in the previous year, the business posted $1.09 earnings per share. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, research analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, May 29th. Xylem’s payout ratio is currently 41.56%.

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.