Azzad Asset Management Inc. ADV Has $2.63 Million Stake in Xylem Inc. (NYSE:XYL)

Azzad Asset Management Inc. ADV cut its stake in shares of Xylem Inc. (NYSE:XYL) by 0.5% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,509 shares of the industrial products company’s stock after selling 91 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Xylem were worth $2,634,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in XYL. GAMMA Investing LLC increased its holdings in Xylem by 32.0% in the third quarter. GAMMA Investing LLC now owns 3,692 shares of the industrial products company’s stock worth $499,000 after buying an additional 894 shares during the last quarter. Czech National Bank raised its holdings in Xylem by 7.1% during the third quarter. Czech National Bank now owns 49,479 shares of the industrial products company’s stock valued at $6,681,000 after buying an additional 3,279 shares in the last quarter. Handelsbanken Fonder AB lifted its position in shares of Xylem by 7.1% in the third quarter. Handelsbanken Fonder AB now owns 729,950 shares of the industrial products company’s stock worth $98,565,000 after buying an additional 48,294 shares during the last quarter. Rockland Trust Co. bought a new stake in shares of Xylem during the 3rd quarter worth about $361,000. Finally, Massmutual Trust Co. FSB ADV raised its stake in shares of Xylem by 13.2% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 85,478 shares of the industrial products company’s stock valued at $11,542,000 after acquiring an additional 9,991 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Stock Up 0.4 %

Shares of XYL opened at $134.05 on Tuesday. The stock has a market capitalization of $32.50 billion, a PE ratio of 47.70, a P/E/G ratio of 2.36 and a beta of 1.04. Xylem Inc. has a 12 month low of $87.59 and a 12 month high of $146.08. The company has a current ratio of 1.85, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. The firm’s 50 day moving average is $132.58 and its 200-day moving average is $134.72.

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

Xylem Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend was Thursday, August 29th. Xylem’s dividend payout ratio (DPR) is presently 51.25%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Royal Bank of Canada raised their target price on Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. UBS Group initiated coverage on Xylem in a research note on Tuesday, August 13th. They issued a “buy” rating and a $165.00 target price for the company. TD Cowen reiterated a “hold” rating and issued a $138.00 price objective on shares of Xylem in a report on Tuesday, September 3rd. Stifel Nicolaus lifted their price target on shares of Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, Robert W. Baird boosted their price objective on shares of Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $149.67.

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.