Oppenheimer Asset Management Inc. Purchases 8,832 Shares of Xylem Inc. (NYSE:XYL)

Oppenheimer Asset Management Inc. lifted its position in shares of Xylem Inc. (NYSE:XYL - Free Report) by 10.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 95,850 shares of the industrial products company's stock after purchasing an additional 8,832 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Xylem were worth $11,450,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Perkins Coie Trust Co purchased a new stake in Xylem in the 1st quarter valued at about $27,000. Lee Danner & Bass Inc. bought a new position in shares of Xylem in the fourth quarter valued at approximately $30,000. Rialto Wealth Management LLC purchased a new stake in shares of Xylem during the fourth quarter valued at approximately $31,000. Center for Financial Planning Inc. lifted its holdings in Xylem by 52.0% during the first quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company's stock worth $32,000 after acquiring an additional 91 shares during the period. Finally, Heck Capital Advisors LLC purchased a new position in Xylem in the fourth quarter worth $36,000. 87.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

XYL has been the topic of a number of recent analyst reports. Raymond James Financial upgraded Xylem to a "hold" rating in a research note on Thursday, May 15th. Citigroup dropped their target price on shares of Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Royal Bank Of Canada increased their target price on shares of Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Stifel Nicolaus lifted their price target on shares of Xylem from $140.00 to $141.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. started coverage on shares of Xylem in a report on Friday, May 30th. They issued an "overweight" rating and a $148.00 price target on the stock. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $143.71.

Xylem Stock Performance

NYSE:XYL traded down $1.34 on Friday, reaching $128.16. 3,010,996 shares of the company's stock were exchanged, compared to its average volume of 1,410,690. The firm has a market cap of $31.19 billion, a price-to-earnings ratio of 34.45, a P/E/G ratio of 2.32 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. The stock has a fifty day simple moving average of $123.69 and a 200-day simple moving average of $121.72. Xylem Inc. has a 52 week low of $100.47 and a 52 week high of $143.50.

Xylem (NYSE:XYL - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $1.03 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 during the quarter, compared to the consensus estimate of $2.04 billion. During the same period last year, the firm earned $0.90 EPS. Xylem's revenue for the quarter was up 1.8% on a year-over-year basis. As a group, sell-side analysts predict that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, May 29th were issued a dividend of $0.40 per share. The ex-dividend date was Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a yield of 1.25%. Xylem's dividend payout ratio (DPR) is 43.01%.

Xylem 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.