Xylem Inc. (NYSE:XYL) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 8.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 52,401 shares of the industrial products company's stock after acquiring an additional 4,052 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Xylem were worth $6,080,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in XYL. Lansforsakringar Fondforvaltning AB publ acquired a new stake in shares of Xylem during the fourth quarter worth about $17,979,000. PKO Investment Management Joint Stock Co purchased a new position in Xylem during the 4th quarter worth approximately $1,160,000. Siemens Fonds Invest GmbH increased its position in Xylem by 201.4% during the fourth quarter. Siemens Fonds Invest GmbH now owns 7,644 shares of the industrial products company's stock worth $979,000 after buying an additional 5,108 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Xylem in the fourth quarter valued at approximately $83,139,000. Finally, Azzad Asset Management Inc. ADV lifted its stake in Xylem by 1.5% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 19,808 shares of the industrial products company's stock valued at $2,298,000 after buying an additional 299 shares during the last quarter. Hedge funds and other institutional investors own 87.96% of the company's stock.

Xylem Stock Performance

XYL traded down $0.28 during trading on Wednesday, hitting $126.87. The stock had a trading volume of 1,045,718 shares, compared to its average volume of 1,396,870. The firm has a market capitalization of $30.87 billion, a P/E ratio of 34.66, a PEG ratio of 2.33 and a beta of 1.10. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. Xylem Inc. has a twelve month low of $100.47 and a twelve month high of $143.50. The company's 50-day moving average price is $118.19 and its 200 day moving average price is $121.61.

Xylem (NYSE:XYL - Get Free Report) last issued its earnings results on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share for the quarter, beating the consensus estimate 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 net margin of 10.40% and a return on equity of 9.96%. The business's quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.90 earnings per share. On average, equities research analysts forecast that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, May 29th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Thursday, May 29th. Xylem's dividend payout ratio (DPR) is 43.01%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on XYL shares. Robert W. Baird lowered their target price on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. JPMorgan Chase & Co. began coverage on shares of Xylem in a research note on Friday, May 30th. They set an "overweight" rating and a $148.00 price target for the company. Royal Bank of Canada raised their price objective on shares of Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Citigroup reduced their target price on shares of Xylem from $152.00 to $134.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Raymond James upgraded shares of Xylem to a "hold" rating in a research note on Thursday, May 15th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average 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.