SG Americas Securities LLC Purchases 3,338 Shares of Xylem Inc. (NYSE:XYL)

SG Americas Securities LLC raised its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 40.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,604 shares of the industrial products company's stock after purchasing an additional 3,338 shares during the period. SG Americas Securities LLC's holdings in Xylem were worth $1,386,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Avanza Fonder AB boosted its stake in Xylem by 2.6% in the 1st quarter. Avanza Fonder AB now owns 23,289 shares of the industrial products company's stock worth $2,773,000 after purchasing an additional 595 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Xylem in the first quarter worth $262,000. GAMMA Investing LLC lifted its holdings in shares of Xylem by 29.1% during the first quarter. GAMMA Investing LLC now owns 4,241 shares of the industrial products company's stock valued at $507,000 after purchasing an additional 956 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Xylem by 30.4% during the first quarter. Farther Finance Advisors LLC now owns 1,797 shares of the industrial products company's stock valued at $215,000 after buying an additional 419 shares during the last quarter. Finally, City Holding Co. increased its holdings in Xylem by 8.9% in the 1st quarter. City Holding Co. now owns 2,392 shares of the industrial products company's stock worth $286,000 after buying an additional 196 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company's stock.

Xylem Stock Performance

Shares of NYSE:XYL traded down $0.52 during midday trading on Friday, hitting $124.61. The company had a trading volume of 738,411 shares, compared to its average volume of 1,556,607. The company has a market cap of $30.32 billion, a price-to-earnings ratio of 33.49, a PEG ratio of 2.28 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 company has a fifty day moving average of $121.95 and a two-hundred day moving average of $121.74. 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 released its earnings results on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.08. The company had revenue of $2.07 billion during 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%. The firm's quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.90 EPS. On average, equities research analysts expect that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Announces Dividend

The firm also recently declared 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. The ex-dividend date is Thursday, May 29th. This represents a $1.60 annualized dividend and a yield of 1.28%. Xylem's payout ratio is 43.01%.

Analysts Set New Price Targets

XYL has been the topic of several research analyst reports. 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 target price on the stock. Raymond James Financial upgraded shares of Xylem to a "hold" rating in a research report on Thursday, May 15th. Stifel Nicolaus lifted their target price on shares of Xylem from $140.00 to $141.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Citigroup lowered their price target on Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Royal Bank Of Canada raised their price target on Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a research note 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. Based on data from MarketBeat, Xylem has a consensus rating of "Moderate Buy" and an average price target of $143.71.

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.