Xylem Inc. (NYSE:XYL) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC lifted its stake in shares of Xylem Inc. (NYSE:XYL - Free Report) by 248.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 380,742 shares of the industrial products company's stock after purchasing an additional 271,513 shares during the period. Cerity Partners LLC owned 0.16% of Xylem worth $45,483,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Valley National Advisers Inc. boosted its holdings in shares of Xylem by 84.9% during the 1st quarter. Valley National Advisers Inc. now owns 220 shares of the industrial products company's stock worth $26,000 after purchasing an additional 101 shares during the last quarter. Perkins Coie Trust Co acquired a new position in shares of Xylem during the 1st quarter worth approximately $27,000. Lee Danner & Bass Inc. acquired a new position in shares of Xylem during the 4th quarter worth approximately $30,000. Center for Financial Planning Inc. boosted its holdings in shares of Xylem by 52.0% during the 1st quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company's stock worth $32,000 after purchasing an additional 91 shares during the last quarter. Finally, Heck Capital Advisors LLC acquired a new position in shares of Xylem during the 4th quarter worth approximately $36,000. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Xylem Trading Down 0.5%

XYL opened at $130.96 on Friday. Xylem Inc. has a 52 week low of $100.47 and a 52 week high of $143.50. The company has a quick ratio of 1.41, a current ratio of 1.89 and a debt-to-equity ratio of 0.18. The business has a fifty day simple moving average of $127.00 and a 200-day simple moving average of $122.55. The firm has a market cap of $31.87 billion, a P/E ratio of 35.20, a P/E/G ratio of 2.40 and a beta of 1.12.

Xylem (NYSE:XYL - Get Free Report) last issued 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. Xylem had a return on equity of 10.12% and a net margin of 10.54%. The business had revenue of $2.07 billion during the quarter, compared to analysts' expectations of $2.04 billion. During the same period in the previous year, the firm posted $0.90 earnings per share. The company's revenue was up 1.8% on a year-over-year basis. On average, equities analysts expect that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, May 29th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.22%. Xylem's payout ratio is presently 43.01%.

Analyst Upgrades and Downgrades

XYL has been the topic of a number of recent analyst reports. Royal Bank Of Canada upped their price objective on Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Citigroup decreased their price objective on Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Robert W. Baird decreased their price objective on Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Raymond James Financial upgraded Xylem to a "hold" rating in a report on Thursday, May 15th. Finally, Stifel Nicolaus upped their price objective on Xylem from $140.00 to $141.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $143.71.

Xylem Company 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.

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