Xylem Inc. (NYSE:XYL) Shares Bought by Oak Thistle LLC

Oak Thistle LLC lifted its position in shares of Xylem Inc. (NYSE:XYL - Free Report) by 170.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,739 shares of the industrial products company's stock after buying an additional 8,022 shares during the quarter. Oak Thistle LLC's holdings in Xylem were worth $1,522,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in XYL. Dempze Nancy E lifted its stake in shares of Xylem by 0.3% during the 4th quarter. Dempze Nancy E now owns 25,761 shares of the industrial products company's stock worth $2,989,000 after purchasing an additional 88 shares during the last quarter. Townsquare Capital LLC raised its stake in Xylem by 0.8% in the fourth quarter. Townsquare Capital LLC now owns 11,074 shares of the industrial products company's stock valued at $1,285,000 after buying an additional 88 shares during the last quarter. Center for Financial Planning Inc. raised its stake 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 valued at $32,000 after buying an additional 91 shares during the last quarter. Keel Point LLC raised its stake in Xylem by 4.1% in the fourth quarter. Keel Point LLC now owns 2,371 shares of the industrial products company's stock valued at $275,000 after buying an additional 93 shares during the last quarter. Finally, SageView Advisory Group LLC raised its stake in Xylem by 3.6% in the fourth quarter. SageView Advisory Group LLC now owns 2,790 shares of the industrial products company's stock valued at $324,000 after buying an additional 98 shares during the last quarter. Institutional investors own 87.96% of the company's stock.

Xylem Stock Performance

XYL stock traded down $0.49 during trading on Thursday, hitting $131.28. 716,327 shares of the company traded hands, compared to its average volume of 1,144,015. The stock's 50-day simple moving average is $128.31 and its 200 day simple moving average is $123.45. 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 company has a market cap of $31.95 billion, a PE ratio of 35.29, a P/E/G ratio of 2.39 and a beta of 1.12. Xylem Inc. has a 1 year low of $100.47 and a 1 year high of $143.50.

Xylem (NYSE:XYL - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.08. The company had revenue of $2.07 billion during the quarter, compared to analysts' expectations of $2.04 billion. Xylem had a return on equity of 10.12% and a net margin of 10.54%. Xylem's quarterly revenue was up 1.8% on a year-over-year basis. During the same period last year, the business earned $0.90 earnings per share. On average, equities analysts expect that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have commented on XYL. Robert W. Baird decreased their price target on Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Royal Bank Of Canada increased their price target on Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Citigroup reiterated a "buy" rating and issued a $152.00 price target (up from $137.00) on shares of Xylem in a research note on Monday, July 14th. Stifel Nicolaus increased their price target on Xylem from $141.00 to $162.00 and gave the company a "buy" rating in a research note on Monday. Finally, Raymond James Financial upgraded Xylem to a "hold" rating in a research note on Thursday, May 15th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Xylem currently has an average rating of "Moderate Buy" and a consensus price target of $149.29.

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.