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

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

Several other large investors have also bought and sold shares of XYL. Perkins Coie Trust Co acquired a new position in shares of Xylem in the first quarter worth about $27,000. Lee Danner & Bass Inc. purchased a new stake in shares of Xylem in the fourth quarter valued at $30,000. Rialto Wealth Management LLC acquired a new stake in shares of Xylem in the fourth quarter worth $31,000. Heck Capital Advisors LLC purchased a new position in shares of Xylem during the fourth quarter valued at $36,000. Finally, SRS Capital Advisors Inc. raised 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. Institutional investors own 87.96% of the company's stock.

Xylem Stock Performance

Shares of NYSE XYL traded down $0.30 during trading hours on Thursday, hitting $125.07. 931,851 shares of the company's stock were exchanged, compared to its average volume of 1,400,127. The company's 50-day moving average price is $121.60 and its 200-day moving average price is $121.76. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $143.50. The stock has a market capitalization of $30.44 billion, a price-to-earnings ratio of 33.62, a PEG ratio of 2.28 and a beta of 1.13. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.89 and a quick ratio of 1.41.

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

Xylem Dividend Announcement

The company 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 dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Thursday, May 29th. Xylem's dividend payout ratio is presently 43.01%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on XYL. Royal Bank Of Canada upped their target price on Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Raymond James Financial raised shares of Xylem to a "hold" rating in a research note on Thursday, May 15th. Stifel Nicolaus increased their price objective on Xylem from $140.00 to $141.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Citigroup lowered their target price on Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, JPMorgan Chase & Co. began coverage on Xylem in a research note on Friday, May 30th. They set an "overweight" rating and a $148.00 price target for the company. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target 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.