Xylem Inc. (NYSE:XYL) Shares Bought by Mission Wealth Management LP

Mission Wealth Management LP raised its position in Xylem Inc. (NYSE:XYL - Free Report) by 119.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,345 shares of the industrial products company's stock after acquiring an additional 6,708 shares during the period. Mission Wealth Management LP's holdings in Xylem were worth $1,475,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in XYL. Perkins Coie Trust Co acquired a new stake in Xylem in the first quarter worth about $27,000. Lee Danner & Bass Inc. purchased a new position in shares of Xylem in the fourth quarter worth $30,000. Rialto Wealth Management LLC purchased a new position in shares of Xylem in the fourth quarter worth $31,000. Heck Capital Advisors LLC acquired a new stake in shares of Xylem during the fourth quarter worth $36,000. Finally, SRS Capital Advisors Inc. grew its holdings in shares of 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 last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Xylem Price Performance

Shares of NYSE:XYL traded down $0.67 during trading on Friday, reaching $124.46. 1,895,003 shares of the company's stock traded hands, compared to its average volume of 1,402,569. The company has a quick ratio of 1.41, a current ratio of 1.89 and a debt-to-equity ratio of 0.18. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $143.50. The company has a 50-day simple moving average of $121.95 and a 200-day simple moving average of $121.74. The firm has a market cap of $30.29 billion, a PE ratio of 33.46, a P/E/G ratio of 2.28 and a beta of 1.13.

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

Xylem Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Thursday, May 29th. Xylem's payout ratio is currently 43.01%.

Analyst Ratings Changes

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