Rafferty Asset Management LLC Buys 2,327 Shares of Xylem Inc. (NYSE:XYL)

Rafferty Asset Management LLC lifted its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 11.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,693 shares of the industrial products company's stock after acquiring an additional 2,327 shares during the period. Rafferty Asset Management LLC's holdings in Xylem were worth $2,633,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Lee Danner & Bass Inc. acquired a new stake in Xylem during the fourth quarter worth about $30,000. Rialto Wealth Management LLC bought a new position in Xylem in the 4th quarter valued at approximately $31,000. Heck Capital Advisors LLC bought a new position in Xylem in the 4th quarter valued at approximately $36,000. SRS Capital Advisors Inc. raised its holdings in Xylem by 69.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company's stock worth $37,000 after purchasing an additional 130 shares during the last quarter. Finally, Pathway Financial Advisers LLC raised its holdings in Xylem by 122.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company's stock worth $37,000 after purchasing an additional 175 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on XYL. Raymond James upgraded shares of Xylem to a "hold" rating in a research note on Thursday, May 15th. Royal Bank of Canada lifted their price target 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. Citigroup cut their price objective on shares of Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Stifel Nicolaus lifted their target price on Xylem from $140.00 to $141.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Finally, Robert W. Baird lowered their target price on Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $146.88.

Xylem Trading Down 0.0%

Shares of XYL opened at $127.97 on Tuesday. The business's 50-day moving average price is $117.28 and its 200-day moving average price is $121.41. Xylem Inc. has a twelve month low of $100.47 and a twelve month high of $146.08. The stock has a market cap of $31.14 billion, a PE ratio of 34.96, a P/E/G ratio of 2.33 and a beta of 1.10. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL - Get Free Report) last issued 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 return on equity of 9.96% and a net margin of 10.40%. The company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the previous year, the firm earned $0.90 earnings per share. Xylem's revenue was up 1.8% on a year-over-year basis. On average, equities analysts forecast that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.25%. The ex-dividend date is Thursday, May 29th. Xylem's dividend payout ratio is currently 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.

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