Xylem Inc. (NYSE:XYL) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its stake in Xylem Inc. (NYSE:XYL) by 3.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 366,038 shares of the industrial products company’s stock after acquiring an additional 13,671 shares during the period. Envestnet Asset Management Inc. owned 0.15% of Xylem worth $49,646,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in XYL. Beacon Pointe Advisors LLC raised its holdings in Xylem by 17.6% in the fourth quarter. Beacon Pointe Advisors LLC now owns 5,099 shares of the industrial products company’s stock valued at $583,000 after acquiring an additional 762 shares in the last quarter. Brown Advisory Inc. raised its holdings in shares of Xylem by 1.1% during the fourth quarter. Brown Advisory Inc. now owns 8,203 shares of the industrial products company’s stock worth $938,000 after purchasing an additional 92 shares during the period. Norges Bank acquired a new stake in shares of Xylem during the fourth quarter worth $198,207,000. PNC Financial Services Group Inc. raised its holdings in shares of Xylem by 0.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 144,372 shares of the industrial products company’s stock worth $16,510,000 after purchasing an additional 802 shares during the period. Finally, UBS Group AG raised its holdings in shares of Xylem by 13.8% during the fourth quarter. UBS Group AG now owns 647,531 shares of the industrial products company’s stock worth $74,052,000 after purchasing an additional 78,686 shares during the period. 87.96% of the stock is owned by institutional investors and hedge funds.

Xylem Stock Performance

Shares of XYL opened at $132.86 on Thursday. Xylem Inc. has a 52-week low of $87.59 and a 52-week high of $146.08. The company has a quick ratio of 1.33, a current ratio of 1.85 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average price of $133.85 and a 200 day moving average price of $134.08. The firm has a market capitalization of $32.27 billion, a PE ratio of 47.28, a P/E/G ratio of 2.34 and a beta of 1.04.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.04. Xylem had a net margin of 9.11% and a return on equity of 9.48%. The company had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same quarter last year, the firm posted $0.98 EPS. The business’s revenue for the quarter was up 26.0% on a year-over-year basis. On average, sell-side analysts anticipate that Xylem Inc. will post 4.26 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th will be given a dividend of $0.36 per share. The ex-dividend date is Thursday, August 29th. This represents a $1.44 annualized dividend and a dividend yield of 1.08%. Xylem’s dividend payout ratio (DPR) is 51.25%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on XYL. TD Cowen reissued a “hold” rating and set a $138.00 target price on shares of Xylem in a report on Tuesday, September 3rd. Robert W. Baird upped their price target on shares of Xylem from $155.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Oppenheimer upped their price target on shares of Xylem from $147.00 to $152.00 and gave the stock an “outperform” rating in a research report on Friday, May 31st. Royal Bank of Canada upped their price target on shares of Xylem from $160.00 to $163.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Finally, Argus upped their price target on shares of Xylem from $146.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.54.

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.