LPL Financial LLC Acquires 230,878 Shares of Xylem Inc. (NYSE:XYL)

LPL Financial LLC increased its holdings in Xylem Inc. (NYSE:XYL) by 246.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 324,504 shares of the industrial products company’s stock after buying an additional 230,878 shares during the quarter. LPL Financial LLC owned 0.13% of Xylem worth $44,012,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in XYL. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of Xylem by 1,503.7% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,649,926 shares of the industrial products company’s stock worth $188,685,000 after acquiring an additional 1,547,043 shares during the last quarter. Duality Advisers LP bought a new position in Xylem in the 1st quarter worth $6,746,000. Vanguard Group Inc. lifted its position in Xylem by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 28,048,996 shares of the industrial products company’s stock valued at $3,207,683,000 after purchasing an additional 187,847 shares in the last quarter. Russell Investments Group Ltd. increased its position in Xylem by 12.9% in the first quarter. Russell Investments Group Ltd. now owns 338,315 shares of the industrial products company’s stock worth $43,737,000 after buying an additional 38,603 shares in the last quarter. Finally, California State Teachers Retirement System raised its stake in shares of Xylem by 1.4% in the first quarter. California State Teachers Retirement System now owns 393,856 shares of the industrial products company’s stock worth $50,902,000 after buying an additional 5,477 shares during the period. 87.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on XYL. Argus lifted their price target on shares of Xylem from $146.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Robert W. Baird increased their price objective on shares of Xylem from $155.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Royal Bank of Canada increased their price objective on shares of Xylem from $160.00 to $163.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. UBS Group assumed coverage on shares of Xylem in a research note on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price objective for the company. Finally, Oppenheimer increased their price objective on shares of Xylem from $147.00 to $152.00 and gave the stock an “outperform” rating in a research note on Friday, May 31st. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $147.54.

Xylem Stock Performance

XYL opened at $130.83 on Monday. Xylem Inc. has a fifty-two week low of $87.59 and a fifty-two week high of $146.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.85. The company has a fifty day moving average of $133.88 and a 200 day moving average of $134.00. The stock has a market capitalization of $31.78 billion, a price-to-earnings ratio of 46.56, a PEG ratio of 2.31 and a beta of 1.04.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.04. Xylem had a net margin of 9.11% and a return on equity of 9.48%. The business had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same period last year, the company posted $0.98 EPS. The business’s revenue was up 26.0% on a year-over-year basis. As a group, sell-side analysts forecast 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. Shareholders of record on Thursday, August 29th will be paid a $0.36 dividend. The ex-dividend date is Thursday, August 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.10%. Xylem’s payout ratio is currently 51.25%.

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.