Brown Miller Wealth Management LLC Has $1.79 Million Stock Holdings in Xylem Inc. (NYSE:XYL)

Brown Miller Wealth Management LLC lifted its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 22.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 14,982 shares of the industrial products company's stock after purchasing an additional 2,698 shares during the quarter. Brown Miller Wealth Management LLC's holdings in Xylem were worth $1,790,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Tallon Kerry Patrick bought a new stake in Xylem in the 4th quarter valued at approximately $260,000. Empowered Funds LLC lifted its position in shares of Xylem by 14.0% in the fourth quarter. Empowered Funds LLC now owns 5,558 shares of the industrial products company's stock worth $645,000 after purchasing an additional 683 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Xylem by 3.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 12,777 shares of the industrial products company's stock worth $1,481,000 after purchasing an additional 444 shares during the last quarter. Asset Management One Co. Ltd. boosted its holdings in Xylem by 5.1% during the fourth quarter. Asset Management One Co. Ltd. now owns 155,081 shares of the industrial products company's stock worth $18,227,000 after purchasing an additional 7,517 shares during the last quarter. Finally, Allworth Financial LP boosted its holdings in Xylem by 12.4% during the fourth quarter. Allworth Financial LP now owns 1,284 shares of the industrial products company's stock worth $156,000 after purchasing an additional 142 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on XYL. Royal Bank of Canada increased their target price on shares of Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. began coverage on shares of Xylem in a report on Friday, May 30th. They set an "overweight" rating and a $148.00 target price for the company. Stifel Nicolaus increased their target price on shares of Xylem from $140.00 to $141.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Citigroup reduced their target price on shares of 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 dropped their price target on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $143.71.

Xylem Stock Performance

NYSE XYL opened at $125.35 on Monday. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. The firm's fifty day moving average price is $120.52 and its two-hundred day moving average price is $121.70. Xylem Inc. has a 1 year low of $100.47 and a 1 year high of $143.50. The firm has a market capitalization of $30.50 billion, a P/E ratio of 34.25, a price-to-earnings-growth ratio of 2.33 and a beta of 1.13.

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, beating the consensus estimate of $0.95 by $0.08. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.04 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The company's revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.90 earnings per share. As a group, research analysts anticipate that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, May 29th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Thursday, May 29th. Xylem's payout ratio is presently 43.01%.

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.

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