Vaughan Nelson Investment Management L.P. Purchases Shares of 751,950 Xylem Inc. (NYSE:XYL)

Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Xylem Inc. (NYSE:XYL - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 751,950 shares of the industrial products company's stock, valued at approximately $89,828,000. Vaughan Nelson Investment Management L.P. owned about 0.31% of Xylem as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Azzad Asset Management Inc. ADV raised its holdings in shares of Xylem by 1.2% in the first quarter. Azzad Asset Management Inc. ADV now owns 20,040 shares of the industrial products company's stock worth $2,394,000 after buying an additional 232 shares during the period. Rockland Trust Co. grew its position in Xylem by 2.7% in the 1st quarter. Rockland Trust Co. now owns 4,176 shares of the industrial products company's stock valued at $499,000 after acquiring an additional 111 shares during the last quarter. Compagnie Lombard Odier SCmA increased its stake in Xylem by 447.6% in the first quarter. Compagnie Lombard Odier SCmA now owns 4,282 shares of the industrial products company's stock worth $512,000 after purchasing an additional 3,500 shares during the period. Union Bancaire Privee UBP SA increased its stake in Xylem by 1.4% in the first quarter. Union Bancaire Privee UBP SA now owns 29,527 shares of the industrial products company's stock worth $3,603,000 after purchasing an additional 407 shares during the period. Finally, Fifth Third Bancorp lifted its position in shares of Xylem by 3.8% during the first quarter. Fifth Third Bancorp now owns 49,378 shares of the industrial products company's stock worth $5,899,000 after purchasing an additional 1,829 shares during the last quarter. Hedge funds and other institutional investors own 87.96% of the company's stock.

Xylem Stock Down 0.1%

NYSE XYL traded down $0.08 during trading on Wednesday, reaching $125.29. 527,824 shares of the company's stock traded hands, compared to its average volume of 1,396,708. Xylem Inc. has a 12-month low of $100.47 and a 12-month high of $143.50. 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 firm has a market cap of $30.49 billion, a price-to-earnings ratio of 33.67, a price-to-earnings-growth ratio of 2.32 and a beta of 1.13. The company's 50 day simple moving average is $121.31 and its two-hundred day simple moving average is $121.73.

Xylem (NYSE:XYL - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.95 by $0.08. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.04 billion. Xylem had a net margin of 10.54% and a return on equity of 10.12%. The company's quarterly revenue was up 1.8% on a year-over-year basis. During the same period last year, the firm earned $0.90 earnings per share. As a group, sell-side analysts forecast that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, May 29th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.28%. Xylem's dividend payout ratio is presently 43.01%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Citigroup cut their price target 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. Royal Bank Of Canada boosted their price objective 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. JPMorgan Chase & Co. started coverage on shares of Xylem in a research note on Friday, May 30th. They issued an "overweight" rating and a $148.00 target price on the stock. Robert W. Baird decreased their price target on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Finally, Raymond James Financial upgraded Xylem to a "hold" rating in a report on Thursday, May 15th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $143.71.

About Xylem

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.