Xylem Inc. (NYSE:XYL) Shares Bought by Welch & Forbes LLC

Welch & Forbes LLC boosted its position in shares of Xylem Inc. (NYSE:XYL - Free Report) by 6.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 368,822 shares of the industrial products company's stock after purchasing an additional 23,790 shares during the quarter. Welch & Forbes LLC owned about 0.15% of Xylem worth $44,060,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of XYL. Commonwealth Equity Services LLC boosted its position in Xylem by 10.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 82,149 shares of the industrial products company's stock valued at $9,531,000 after acquiring an additional 7,945 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in Xylem by 12.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 15,719 shares of the industrial products company's stock valued at $1,824,000 after acquiring an additional 1,741 shares in the last quarter. Glenview Trust co boosted its position in Xylem by 10.4% during the 4th quarter. Glenview Trust co now owns 1,857 shares of the industrial products company's stock valued at $215,000 after acquiring an additional 175 shares in the last quarter. Cibc World Markets Corp boosted its position in Xylem by 16.4% during the 4th quarter. Cibc World Markets Corp now owns 38,340 shares of the industrial products company's stock valued at $4,448,000 after acquiring an additional 5,411 shares in the last quarter. Finally, Flagship Wealth Advisors LLC bought a new stake in Xylem during the 4th quarter valued at $39,000. Institutional investors own 87.96% of the company's stock.

Xylem Stock Performance

XYL traded up $0.04 on Friday, reaching $132.50. 273,975 shares of the stock were exchanged, compared to its average volume of 1,411,409. The company's 50-day moving average price is $127.72 and its 200 day moving average price is $122.92. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week 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 capitalization of $32.24 billion, a PE ratio of 35.61, a PEG ratio of 2.37 and a beta of 1.12.

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 for the quarter, beating analysts' consensus estimates of $0.95 by $0.08. The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.04 billion. Xylem had a return on equity of 10.12% and a net margin of 10.54%. The company's revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the business posted $0.90 EPS. As a group, sell-side analysts forecast that Xylem Inc. will post 4.65 EPS 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 paid a $0.40 dividend. The ex-dividend date was Thursday, May 29th. This represents a $1.60 annualized dividend and a dividend yield of 1.21%. Xylem's dividend payout ratio is presently 43.01%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on XYL. Royal Bank Of Canada increased their target price on Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Robert W. Baird lowered their price objective on Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Stifel Nicolaus raised their price objective on Xylem from $140.00 to $141.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. initiated coverage on Xylem in a research report on Friday, May 30th. They issued an "overweight" rating and a $148.00 price objective for the company. Finally, Raymond James Financial raised Xylem to a "hold" rating in a research 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. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $146.29.

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.