Azzad Asset Management Inc. ADV Has $2.50 Million Stake in Xylem Inc. (NYSE:XYL)

Azzad Asset Management Inc. ADV lifted its position in shares of Xylem Inc. (NYSE:XYL) by 1.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,348 shares of the industrial products company’s stock after purchasing an additional 313 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Xylem were worth $2,500,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in XYL. Bank of Nova Scotia increased its stake in shares of Xylem by 15.2% during the third quarter. Bank of Nova Scotia now owns 22,256 shares of the industrial products company’s stock worth $2,026,000 after purchasing an additional 2,944 shares during the period. Axxcess Wealth Management LLC increased its stake in shares of Xylem by 214.3% during the third quarter. Axxcess Wealth Management LLC now owns 6,881 shares of the industrial products company’s stock worth $626,000 after purchasing an additional 4,692 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Xylem by 10.5% during the third quarter. Ameriprise Financial Inc. now owns 1,825,783 shares of the industrial products company’s stock worth $166,199,000 after purchasing an additional 173,606 shares during the period. Adage Capital Partners GP L.L.C. bought a new position in shares of Xylem during the third quarter worth approximately $20,426,000. Finally, ELCO Management Co. LLC increased its stake in shares of Xylem by 18.6% during the third quarter. ELCO Management Co. LLC now owns 6,724 shares of the industrial products company’s stock worth $612,000 after purchasing an additional 1,055 shares during the period. Institutional investors own 87.96% of the company’s stock.

Analysts Set New Price Targets

XYL has been the topic of a number of recent research reports. TD Cowen raised their price objective on Xylem from $135.00 to $138.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. Mizuho raised their price objective on Xylem from $110.00 to $135.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Argus raised their price objective on Xylem from $146.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. BNP Paribas initiated coverage on Xylem in a research note on Tuesday, March 12th. They set an “outperform” rating and a $150.00 price objective on the stock. Finally, Royal Bank of Canada raised their price objective on Xylem from $157.00 to $162.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Xylem has a consensus rating of “Moderate Buy” and a consensus target price of $142.92.

Xylem Trading Up 0.3 %

NYSE XYL opened at $132.68 on Thursday. The company has a quick ratio of 1.22, a current ratio of 1.67 and a debt-to-equity ratio of 0.19. Xylem Inc. has a twelve month low of $87.59 and a twelve month high of $146.08. The company has a market cap of $32.17 billion, a price-to-earnings ratio of 47.22, a price-to-earnings-growth ratio of 2.34 and a beta of 1.04. The business’s fifty day moving average is $138.85 and its 200 day moving average is $127.47.

Xylem (NYSE:XYL) last released its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.90 earnings per share for the quarter, beating 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 company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2 billion. During the same quarter last year, the business posted $0.72 EPS. Xylem’s revenue for the quarter was up 40.4% on a year-over-year basis. As a group, sell-side analysts expect that Xylem Inc. will post 4.24 EPS for the current fiscal year.

Xylem Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, May 30th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend was Thursday, May 30th. Xylem’s dividend payout ratio (DPR) is 51.25%.

Insider Activity at Xylem

In other Xylem news, SVP Rodney Aulick sold 21,800 shares of Xylem 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Xylem news, SVP Rodney Aulick sold 21,800 shares of Xylem 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Geri-Michelle Mcshane sold 2,278 shares of Xylem stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $138.63, for a total value of $315,799.14. Following 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. 0.27% of the stock is currently owned by company insiders.

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.