Wealth Alliance LLC Makes New $229,000 Investment in Xylem Inc. (NYSE:XYL)

Wealth Alliance LLC acquired a new stake in Xylem Inc. (NYSE:XYL - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,919 shares of the industrial products company's stock, valued at approximately $229,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in XYL. Mizuho Securities USA LLC grew its position in shares of Xylem by 46.2% in the fourth quarter. Mizuho Securities USA LLC now owns 23,026 shares of the industrial products company's stock valued at $2,671,000 after purchasing an additional 7,276 shares during the period. Stevens Capital Management LP increased its stake in Xylem by 27.0% during the fourth quarter. Stevens Capital Management LP now owns 2,144 shares of the industrial products company's stock worth $249,000 after acquiring an additional 456 shares during the last quarter. Vanguard Group Inc. increased its stake in Xylem by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 28,644,417 shares of the industrial products company's stock worth $3,323,325,000 after acquiring an additional 303,854 shares during the last quarter. Congress Wealth Management LLC DE increased its stake in Xylem by 16.4% during the fourth quarter. Congress Wealth Management LLC DE now owns 9,356 shares of the industrial products company's stock worth $1,086,000 after acquiring an additional 1,318 shares during the last quarter. Finally, CoreFirst Bank & Trust acquired a new stake in Xylem during the fourth quarter worth about $90,000. Hedge funds and other institutional investors own 87.96% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Citigroup restated a "buy" rating and set a $152.00 price target (up from $137.00) on shares of Xylem in a research note on Monday, July 14th. Robert W. Baird dropped their price target on Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Stifel Nicolaus upped their price target on Xylem from $141.00 to $162.00 and gave the stock a "buy" rating in a research note on Monday. Raymond James Financial upgraded Xylem to a "hold" rating in a research note on Thursday, May 15th. Finally, JPMorgan Chase & Co. began coverage on Xylem in a research note on Friday, May 30th. They issued an "overweight" rating and a $148.00 target price for the company. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $149.29.

Xylem Stock Up 0.9%

Shares of XYL stock traded up $1.23 during trading hours on Friday, reaching $132.47. The company had a trading volume of 276,710 shares, compared to its average volume of 1,496,794. The company has a market capitalization of $32.24 billion, a P/E ratio of 35.61, a price-to-earnings-growth ratio of 2.39 and a beta of 1.12. Xylem Inc. has a twelve month low of $100.47 and a twelve month high of $143.50. 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 stock's fifty day simple moving average is $128.31 and its 200 day simple moving average is $123.45.

Xylem (NYSE:XYL - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $0.95 by $0.08. The firm had revenue of $2.07 billion during 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.90 earnings per share. As a group, sell-side analysts expect that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, May 29th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was 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.