Benjamin Edwards Inc. Raises Stock Position in Xylem Inc. (NYSE:XYL)

Benjamin Edwards Inc. boosted its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 35.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,546 shares of the industrial products company's stock after buying an additional 4,064 shares during the quarter. Benjamin Edwards Inc.'s holdings in Xylem were worth $1,803,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in XYL. Lee Danner & Bass Inc. acquired a new position in shares of Xylem in the 4th quarter valued at about $30,000. Rialto Wealth Management LLC purchased a new position in shares of Xylem during the 4th quarter valued at approximately $31,000. Heck Capital Advisors LLC acquired a new position in shares of Xylem in the 4th quarter valued at $36,000. Pathway Financial Advisers LLC boosted its holdings in Xylem by 122.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company's stock worth $37,000 after buying an additional 175 shares in the last quarter. Finally, SRS Capital Advisors Inc. grew its position in Xylem by 69.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company's stock valued at $37,000 after buying an additional 130 shares during the period. 87.96% of the stock is owned by hedge funds and other institutional investors.

Xylem Price Performance

Shares of Xylem stock traded down $0.54 on Friday, hitting $122.77. 664,817 shares of the company were exchanged, compared to its average volume of 1,422,682. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $146.08. The stock has a market capitalization of $29.88 billion, a price-to-earnings ratio of 33.54, a price-to-earnings-growth ratio of 2.33 and a beta of 1.10. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. The company has a 50-day moving average price of $117.32 and a 200 day moving average price of $121.47.

Xylem (NYSE:XYL - Get Free Report) last issued its earnings results on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.08. The company had revenue of $2.07 billion during the quarter, compared to analysts' expectations of $2.04 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The firm's quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.90 EPS. As a group, sell-side analysts predict that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Stifel Nicolaus lifted their price target on Xylem from $140.00 to $141.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Royal Bank of Canada boosted their price objective on Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Citigroup decreased their price objective on shares of Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Robert W. Baird reduced their price target on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $146.88.

About Xylem

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.