Victory Capital Management Inc. Has $279.75 Million Stake in Xylem Inc. (NYSE:XYL)

Victory Capital Management Inc. grew its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 0.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,341,764 shares of the industrial products company's stock after purchasing an additional 15,740 shares during the period. Victory Capital Management Inc. owned approximately 0.96% of Xylem worth $279,747,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Valley National Advisers Inc. increased its holdings in shares of Xylem by 84.9% during the first quarter. Valley National Advisers Inc. now owns 220 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 101 shares during the period. Perkins Coie Trust Co acquired a new position in shares of Xylem during the first quarter valued at $27,000. Lee Danner & Bass Inc. acquired a new position in shares of Xylem during the fourth quarter valued at $30,000. Center for Financial Planning Inc. increased its holdings in shares of Xylem by 52.0% during the first quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 91 shares during the period. Finally, Heck Capital Advisors LLC acquired a new position in shares of Xylem during the fourth quarter valued at $36,000. 87.96% of the stock is owned by institutional investors and hedge funds.

Xylem Trading Up 0.5%

XYL stock traded up $0.69 during mid-day trading on Wednesday, reaching $130.36. 1,031,836 shares of the stock traded hands, compared to its average volume of 1,416,574. 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 Inc. has a 52-week low of $100.47 and a 52-week high of $143.50. The company has a market cap of $31.72 billion, a P/E ratio of 35.04, a P/E/G ratio of 2.38 and a beta of 1.12. The stock's fifty day moving average is $127.35 and its 200-day moving average is $122.76.

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

Xylem Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, May 29th. This represents a $1.60 annualized dividend and a yield of 1.23%. Xylem's dividend payout ratio (DPR) is presently 43.01%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on XYL shares. Raymond James Financial raised Xylem to a "hold" rating in a report on Thursday, May 15th. JPMorgan Chase & Co. started coverage on Xylem in a report on Friday, May 30th. They set an "overweight" rating and a $148.00 target price on the stock. Citigroup reaffirmed a "buy" rating and set a $152.00 target price (up from $137.00) on shares of Xylem in a report on Monday. 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 report on Wednesday, April 30th. Finally, Royal Bank Of Canada lifted their target price on Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $146.29.

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.