Sequoia Financial Advisors LLC Has $35.41 Million Stock Position in Xylem Inc. (NYSE:XYL)

Sequoia Financial Advisors LLC increased its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 8.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 296,408 shares of the industrial products company's stock after buying an additional 23,717 shares during the quarter. Sequoia Financial Advisors LLC owned about 0.12% of Xylem worth $35,409,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its holdings in Xylem by 9.3% in the fourth quarter. Bank of New York Mellon Corp now owns 1,504,165 shares of the industrial products company's stock valued at $174,513,000 after purchasing an additional 127,750 shares during the period. Whipplewood Advisors LLC acquired a new position in shares of Xylem in the 4th quarter valued at $52,000. Robeco Schweiz AG grew its stake in shares of Xylem by 10.7% during the 4th quarter. Robeco Schweiz AG now owns 1,144,735 shares of the industrial products company's stock valued at $132,812,000 after buying an additional 111,065 shares during the period. Mn Services Vermogensbeheer B.V. increased its holdings in shares of Xylem by 1.7% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 94,035 shares of the industrial products company's stock worth $10,910,000 after buying an additional 1,600 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its position in shares of Xylem by 25.7% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 87,018 shares of the industrial products company's stock worth $10,096,000 after buying an additional 17,799 shares during the period. 87.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Raymond James Financial raised shares of Xylem to a "hold" rating in a research report on Thursday, May 15th. Robert W. Baird reduced 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. Citigroup decreased their price target 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. JPMorgan Chase & Co. began coverage on Xylem in a research report on Friday, May 30th. They issued an "overweight" rating and a $148.00 price objective on the stock. Finally, Stifel Nicolaus boosted their price objective on Xylem from $140.00 to $141.00 and gave the stock a "buy" rating in a research note 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, Xylem presently has a consensus rating of "Moderate Buy" and an average price target of $143.71.

Xylem Trading Up 1.8%

XYL traded up $2.28 during trading on Thursday, reaching $129.77. The company had a trading volume of 1,535,680 shares, compared to its average volume of 1,403,597. The firm's 50-day simple moving average is $123.30 and its 200 day simple moving average is $121.72. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.41 and a current ratio of 1.89. The company has a market cap of $31.58 billion, a price-to-earnings ratio of 34.88, a PEG ratio of 2.32 and a beta of 1.13. Xylem Inc. has a 12-month low of $100.47 and a 12-month high of $143.50.

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 business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.04 billion. Xylem had a return on equity of 10.12% and a net margin of 10.54%. Xylem's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.90 earnings per share. Equities research analysts anticipate 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 will be paid on Thursday, June 26th. Investors of record on Thursday, May 29th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Thursday, May 29th. Xylem's payout ratio is presently 43.01%.

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.