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

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

Several other large investors have also recently added to or reduced their stakes in XYL. Valley National Advisers Inc. lifted its stake in Xylem by 84.9% during the first 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 bought a new position in Xylem during the first quarter worth $27,000. Lee Danner & Bass Inc. acquired a new stake in Xylem in the fourth quarter worth $30,000. Rialto Wealth Management LLC acquired a new stake in Xylem in the fourth quarter worth $31,000. Finally, Center for Financial Planning Inc. increased its position in Xylem by 52.0% in the first quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company's stock worth $32,000 after buying an additional 91 shares during the period. 87.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Raymond James Financial raised Xylem to a "hold" rating in a research report on Thursday, May 15th. Royal Bank Of Canada increased their target price on Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. assumed coverage on Xylem in a research report on Friday, May 30th. They issued an "overweight" rating and a $148.00 target price on the stock. Stifel Nicolaus increased their target price on Xylem from $140.00 to $141.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Finally, Citigroup dropped their target price on Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $143.71.

Xylem Stock Performance

Shares of XYL traded up $0.57 during trading hours on Thursday, reaching $132.28. 713,729 shares of the company's stock traded hands, compared to its average volume of 1,414,526. The firm has a market capitalization of $32.19 billion, a price-to-earnings ratio of 35.56, a P/E/G ratio of 2.40 and a beta of 1.12. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.89 and a quick ratio of 1.41. Xylem Inc. has a twelve month low of $100.47 and a twelve month high of $143.50. The business's fifty day simple moving average is $125.54 and its two-hundred day simple moving average is $121.99.

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 company had revenue of $2.07 billion for 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 quarterly revenue was up 1.8% compared to the same quarter last year. During the same period last year, the company earned $0.90 earnings per share. Analysts predict that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, May 29th were issued a dividend of $0.40 per share. 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 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.