Ballentine Partners LLC Has $2.04 Million Position in Xylem Inc. (NYSE:XYL)

Ballentine Partners LLC increased its position in Xylem Inc. (NYSE:XYL - Free Report) by 89.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,088 shares of the industrial products company's stock after purchasing an additional 8,066 shares during the quarter. Ballentine Partners LLC's holdings in Xylem were worth $2,041,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC acquired a new position in Xylem during the fourth quarter worth $11,051,000. Independent Advisor Alliance raised its stake in Xylem by 12.3% during the fourth quarter. Independent Advisor Alliance now owns 5,199 shares of the industrial products company's stock worth $603,000 after acquiring an additional 571 shares in the last quarter. HBK Sorce Advisory LLC raised its stake in Xylem by 4.4% during the fourth quarter. HBK Sorce Advisory LLC now owns 4,935 shares of the industrial products company's stock worth $573,000 after acquiring an additional 210 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in Xylem by 10.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 82,149 shares of the industrial products company's stock worth $9,531,000 after acquiring an additional 7,945 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its stake in Xylem by 12.5% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 15,719 shares of the industrial products company's stock worth $1,824,000 after acquiring an additional 1,741 shares in the last quarter. 87.96% of the stock is owned by institutional investors.

Xylem Trading Down 0.5%

XYL stock traded down $0.64 during midday trading on Friday, reaching $130.96. The stock had a trading volume of 1,078,928 shares, compared to its average volume of 1,421,165. The business has a fifty day simple moving average of $127.00 and a two-hundred day simple moving average of $122.58. 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 firm has a market cap of $31.87 billion, a price-to-earnings ratio of 35.20, a PEG ratio of 2.38 and a beta of 1.12. Xylem Inc. has a twelve month low of $100.47 and a twelve month high of $143.50.

Xylem (NYSE:XYL - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.95 by $0.08. The firm had revenue of $2.07 billion during 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%. The company's revenue was up 1.8% on a year-over-year basis. During the same period last year, the company earned $0.90 earnings per share. As a group, research analysts expect that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, May 29th were given a $0.40 dividend. The ex-dividend date was Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a yield of 1.22%. Xylem's payout ratio is 43.01%.

Analyst Upgrades and Downgrades

XYL has been the subject of several recent analyst reports. Royal Bank Of Canada increased their price objective on Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Raymond James Financial upgraded Xylem to a "hold" rating in a research note on Thursday, May 15th. Stifel Nicolaus lifted their price target on Xylem from $140.00 to $141.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Citigroup cut their price target on Xylem from $152.00 to $134.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Robert W. Baird cut 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's stock. Based on data from MarketBeat, Xylem currently has a consensus rating of "Moderate Buy" and an average target price of $143.71.

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.