LPL Financial LLC Acquires 39,739 Shares of Xylem Inc. (NYSE:XYL)

Key Points

• LPL Financial LLC increased its holdings in Xylem Inc. by 12.3% in Q1, acquiring 39,739 additional shares, bringing its total to approximately 362,011 shares valued at $43.2 million.
• Recent analyst reports show a consensus rating of "Moderate Buy" for Xylem, with target prices varying from $146.00 to $152.00, post upgrades from firms like Citigroup and Royal Bank of Canada.
• Xylem reported a quarterly EPS of $1.26, beating estimates, and a revenue increase of 6.1% year-over-year, highlighting strong performance in the industrial products sector.

LPL Financial LLC grew its position in Xylem Inc. (NYSE:XYL - Free Report) by 12.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 362,011 shares of the industrial products company's stock after purchasing an additional 39,739 shares during the period. LPL Financial LLC owned approximately 0.15% of Xylem worth $43,246,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Northern Trust Corp raised its position in Xylem by 42.0% during the fourth quarter. Northern Trust Corp now owns 3,268,433 shares of the industrial products company's stock valued at $379,204,000 after buying an additional 966,399 shares during the period. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in Xylem by 390.5% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,021,337 shares of the industrial products company's stock valued at $122,009,000 after buying an additional 813,100 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Xylem in the 1st quarter worth approximately $89,828,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Xylem in the 4th quarter worth approximately $83,139,000. Finally, GAMMA Investing LLC lifted its position in shares of Xylem by 15,322.5% during the 1st quarter. GAMMA Investing LLC now owns 506,630 shares of the industrial products company's stock worth $60,522,000 after buying an additional 503,345 shares during the period. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Xylem Stock Performance

Shares of XYL stock traded up $1.71 during trading hours on Monday, hitting $143.89. 1,593,476 shares of the company were exchanged, compared to its average volume of 1,132,611. The firm has a fifty day simple moving average of $129.44 and a 200 day simple moving average of $124.38. The company has a current ratio of 1.90, a quick ratio of 1.43 and a debt-to-equity ratio of 0.17. Xylem Inc. has a 52-week low of $100.47 and a 52-week high of $144.83. The stock has a market capitalization of $35.02 billion, a price-to-earnings ratio of 31.04, a P/E/G ratio of 2.51 and a beta of 1.11.

Xylem (NYSE:XYL - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.26 earnings per share for the quarter, beating analysts' consensus estimates of $1.15 by $0.11. Xylem had a net margin of 10.74% and a return on equity of 10.33%. The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same period in the previous year, the business earned $1.09 EPS. Xylem's revenue was up 6.1% compared to the same quarter last year. Research analysts predict that Xylem Inc. will post 4.65 earnings per share for the current fiscal 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 issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, May 29th. Xylem's dividend payout ratio is presently 41.56%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on XYL shares. Royal Bank Of Canada raised their price target on Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Stifel Nicolaus lifted their target price on Xylem from $162.00 to $175.00 and gave the stock a "buy" rating in a report on Friday. Robert W. Baird reduced their price target on Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Raymond James Financial raised shares of Xylem to a "hold" rating in a research report on Thursday, May 15th. Finally, Citigroup reissued a "buy" rating and set a $152.00 target price (up from $137.00) on shares of Xylem in a report on Monday, July 14th. 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 MarketBeat.com, Xylem has an average rating of "Moderate Buy" and an average target price of $151.14.

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.