Xylem Inc. (NYSE:XYL) Shares Purchased by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. increased its position in shares of Xylem Inc. (NYSE:XYL - Free Report) by 19.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,215 shares of the industrial products company's stock after purchasing an additional 4,429 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Xylem were worth $3,251,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Dynamic Advisor Solutions LLC purchased a new stake in shares of Xylem during the first quarter valued at $694,000. Smartleaf Asset Management LLC lifted its holdings in Xylem by 31.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 575 shares of the industrial products company's stock valued at $67,000 after buying an additional 139 shares in the last quarter. Triodos Investment Management BV lifted its holdings in Xylem by 12.7% during the 4th quarter. Triodos Investment Management BV now owns 234,000 shares of the industrial products company's stock valued at $27,149,000 after buying an additional 26,300 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Xylem by 30.4% in the 1st quarter. Farther Finance Advisors LLC now owns 1,797 shares of the industrial products company's stock valued at $215,000 after buying an additional 419 shares during the period. Finally, Allianz SE bought a new position in Xylem in the 4th quarter worth about $1,910,000. 87.96% of the stock is owned by hedge funds and other institutional investors.

Xylem Stock Performance

Shares of XYL traded up $0.56 during trading hours on Tuesday, reaching $129.92. 203,373 shares of the company traded hands, compared to its average volume of 1,568,493. 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 business has a fifty day moving average price of $124.45 and a 200-day moving average price of $121.78. Xylem Inc. has a 12-month low of $100.47 and a 12-month high of $143.50. The stock has a market capitalization of $31.61 billion, a P/E ratio of 34.93, a P/E/G ratio of 2.34 and a beta of 1.13.

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 for the quarter, beating the consensus estimate of $0.95 by $0.08. Xylem had a return on equity of 10.12% and a net margin of 10.54%. The business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the previous year, the business earned $0.90 EPS. The company's quarterly revenue was up 1.8% compared to the same quarter last year. Equities analysts anticipate that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, May 29th were issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $1.60 annualized dividend and a dividend yield of 1.23%. Xylem's dividend payout ratio (DPR) is presently 43.01%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on XYL shares. JPMorgan Chase & Co. assumed coverage on Xylem in a report on Friday, May 30th. They issued 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. Raymond James Financial raised shares of Xylem to a "hold" rating in a research report on Thursday, May 15th. 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 report on Wednesday, April 30th. Finally, Royal Bank Of Canada increased their price objective on shares of Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $143.71.

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.