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

Oppenheimer Asset Management Inc. raised its stake in Xylem Inc. (NYSE:XYL - Free Report) by 10.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 modified their holdings of the company. Dynamic Advisor Solutions LLC acquired a new stake in Xylem in the 1st quarter worth about $694,000. Smartleaf Asset Management LLC lifted its position in shares of 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 acquiring an additional 139 shares during the period. Triodos Investment Management BV grew its holdings in shares of Xylem by 12.7% during the 4th quarter. Triodos Investment Management BV now owns 234,000 shares of the industrial products company's stock worth $27,149,000 after purchasing an additional 26,300 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Xylem by 30.4% during the 1st quarter. Farther Finance Advisors LLC now owns 1,797 shares of the industrial products company's stock worth $215,000 after purchasing an additional 419 shares in the last quarter. Finally, Allianz SE bought a new position in shares of Xylem in the fourth quarter worth $1,910,000. 87.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Xylem Stock Up 1.4%

Shares of XYL traded up $1.80 during trading hours on Tuesday, reaching $127.29. The stock had a trading volume of 1,106,029 shares, compared to its average volume of 1,557,831. The company has a market capitalization of $30.97 billion, a price-to-earnings ratio of 34.22, a P/E/G ratio of 2.27 and a beta of 1.13. The firm has a 50-day simple moving average of $122.57 and a 200 day simple moving average of $121.64. Xylem Inc. has a 12 month low of $100.47 and a 12 month high of $143.50. The company has a current ratio of 1.89, a quick ratio of 1.41 and a debt-to-equity ratio of 0.18.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.95 by $0.08. Xylem had a net margin of 10.54% and a return on equity of 10.12%. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the previous year, the firm earned $0.90 EPS. The business's revenue for the quarter was up 1.8% compared to the same quarter last year. Equities research analysts predict 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. Investors of record on Thursday, May 29th will be paid a $0.40 dividend. The ex-dividend date is Thursday, May 29th. This represents a $1.60 annualized dividend and a yield of 1.26%. Xylem's payout ratio 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.