Xylem Inc. (NYSE:XYL) Shares Acquired by DAVENPORT & Co LLC

DAVENPORT & Co LLC grew its position in Xylem Inc. (NYSE:XYL - Free Report) by 0.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 700,774 shares of the industrial products company's stock after acquiring an additional 4,746 shares during the quarter. DAVENPORT & Co LLC owned about 0.29% of Xylem worth $83,709,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its stake in Xylem by 31.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 575 shares of the industrial products company's stock worth $67,000 after buying an additional 139 shares during the last quarter. SRS Capital Advisors Inc. boosted its stake in Xylem by 69.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company's stock worth $37,000 after buying an additional 130 shares during the period. Jones Financial Companies Lllp increased its position in shares of Xylem by 9.7% during the fourth quarter. Jones Financial Companies Lllp now owns 3,623 shares of the industrial products company's stock valued at $420,000 after acquiring an additional 320 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Xylem in the 4th quarter valued at approximately $61,000. Finally, LGT Group Foundation lifted its holdings in shares of Xylem by 0.7% in the 4th quarter. LGT Group Foundation now owns 54,408 shares of the industrial products company's stock worth $6,312,000 after acquiring an additional 375 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company's stock.

Wall Street Analysts Forecast Growth

XYL has been the subject of several research reports. Stifel Nicolaus lifted their target price on Xylem from $140.00 to $141.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Robert W. Baird lowered their target price on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Citigroup cut their price target on Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Raymond James Financial raised Xylem to a "hold" rating in a report on Thursday, May 15th. Finally, Royal Bank Of Canada increased their price target on shares of Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $143.71.

Xylem Price Performance

Xylem stock traded up $0.57 during midday trading on Friday, reaching $132.28. The company's stock had a trading volume of 713,729 shares, compared to its average volume of 1,415,764. The stock's 50 day simple moving average is $125.86 and its 200 day simple moving average is $122.10. 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 firm has a market capitalization of $32.19 billion, a PE ratio of 35.56, a P/E/G ratio of 2.41 and a beta of 1.12. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $143.50.

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

Xylem Announces Dividend

The company also recently declared 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 of this dividend was Thursday, May 29th. This represents a $1.60 annualized dividend and a dividend yield of 1.21%. Xylem's dividend payout ratio is currently 43.01%.

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.