Charles Schwab Investment Management Inc. Buys 30,608 Shares of Xylem Inc. (NYSE:XYL)

Charles Schwab Investment Management Inc. boosted its position in shares of Xylem Inc. (NYSE:XYL - Free Report) by 2.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,418,719 shares of the industrial products company's stock after acquiring an additional 30,608 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.58% of Xylem worth $169,480,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Valley National Advisers Inc. lifted its stake in Xylem by 84.9% during the first quarter. Valley National Advisers Inc. now owns 220 shares of the industrial products company's stock worth $26,000 after purchasing an additional 101 shares during the period. Perkins Coie Trust Co acquired a new position in shares of Xylem in the 1st quarter worth approximately $27,000. Center for Financial Planning Inc. lifted its position in shares of Xylem by 52.0% during the 1st quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company's stock worth $32,000 after buying an additional 91 shares during the period. Heck Capital Advisors LLC bought a new position in shares of Xylem during the 4th quarter worth approximately $36,000. Finally, Financial Gravity Asset Management Inc. acquired a new stake in Xylem in the 1st quarter valued at $41,000. 87.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Raymond James Financial upgraded Xylem to a "hold" rating in a research note on Thursday, May 15th. Robert W. Baird lowered their target price on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Stifel Nicolaus increased their target price on shares of Xylem from $162.00 to $175.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Wall Street Zen upgraded shares of Xylem from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, UBS Group reaffirmed a "buy" rating and set a $168.00 price objective (up from $164.00) on shares of Xylem in a research note on Tuesday, August 5th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, Xylem presently has an average rating of "Moderate Buy" and an average price target of $151.57.

Xylem Price Performance

Shares of NYSE:XYL traded up $0.52 during midday trading on Tuesday, reaching $143.39. The company's stock had a trading volume of 867,664 shares, compared to its average volume of 1,117,068. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $145.33. The company has a market capitalization of $34.90 billion, a P/E ratio of 37.24, a P/E/G ratio of 2.48 and a beta of 1.11. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.90 and a quick ratio of 1.43. The business's fifty day simple moving average is $131.90 and its 200-day simple moving average is $125.44.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.11. The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.20 billion. Xylem had a return on equity of 10.33% and a net margin of 10.74%. The business's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.09 EPS. As a group, equities research analysts expect 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. Investors of record on Thursday, May 29th were paid a dividend of $0.40 per share. 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 1.1%. Xylem's payout ratio is 41.56%.

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.