Aaron Wealth Advisors LLC Takes $232,000 Position in Xylem Inc. (NYSE:XYL)

Aaron Wealth Advisors LLC purchased a new stake in shares of Xylem Inc. (NYSE:XYL - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,946 shares of the industrial products company's stock, valued at approximately $232,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Xylem by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 28,644,417 shares of the industrial products company's stock valued at $3,323,325,000 after purchasing an additional 303,854 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Xylem by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 5,804,247 shares of the industrial products company's stock valued at $671,623,000 after buying an additional 135,492 shares during the last quarter. Royal Bank of Canada lifted its holdings in Xylem by 7.9% during the 4th quarter. Royal Bank of Canada now owns 4,369,804 shares of the industrial products company's stock worth $506,985,000 after purchasing an additional 320,500 shares during the last quarter. Invesco Ltd. lifted its holdings in Xylem by 9.8% during the 4th quarter. Invesco Ltd. now owns 4,009,907 shares of the industrial products company's stock worth $465,229,000 after purchasing an additional 359,276 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Xylem by 8.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,750,377 shares of the industrial products company's stock worth $435,119,000 after purchasing an additional 301,070 shares during the last quarter. Institutional investors own 87.96% of the company's stock.

Analyst Ratings Changes

XYL has been the subject of several analyst reports. Raymond James Financial raised Xylem to a "hold" rating in a report on Thursday, May 15th. Citigroup dropped their price objective on Xylem from $152.00 to $134.00 and set a "buy" rating for the company in a report on Monday, April 14th. JPMorgan Chase & Co. began coverage on Xylem in a report on Friday, May 30th. They set an "overweight" rating and a $148.00 price target for the company. Royal Bank Of Canada boosted their price target on Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Finally, Robert W. Baird lowered their price target on Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $143.71.

Xylem Trading Up 0.4%

Shares of XYL stock opened at $132.28 on Friday. The firm has a market capitalization of $32.19 billion, a P/E ratio of 35.56, a P/E/G ratio of 2.41 and a beta of 1.12. Xylem Inc. has a twelve month low of $100.47 and a twelve month high of $143.50. The company has a quick ratio of 1.41, a current ratio of 1.89 and a debt-to-equity ratio of 0.18. The stock's fifty day simple moving average is $125.86 and its 200 day simple moving average is $122.07.

Xylem (NYSE:XYL - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.95 by $0.08. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.04 billion. Xylem had a return on equity of 10.12% and a net margin of 10.54%. Xylem's quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.90 EPS. As a group, sell-side analysts predict that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.21%. Xylem's dividend payout ratio (DPR) is presently 43.01%.

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.

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