Envestnet Portfolio Solutions Inc. Reduces Stock Position in Xylem Inc. (NYSE:XYL)

Envestnet Portfolio Solutions Inc. decreased its stake in shares of Xylem Inc. (NYSE:XYL - Free Report) by 80.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,110 shares of the industrial products company's stock after selling 12,609 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Xylem were worth $372,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of XYL. Norges Bank acquired a new position in shares of Xylem during the fourth quarter worth approximately $302,734,000. Northern Trust Corp increased its stake in Xylem by 42.0% during the 4th quarter. Northern Trust Corp now owns 3,268,433 shares of the industrial products company's stock valued at $379,204,000 after purchasing an additional 966,399 shares in the last quarter. AMF Tjanstepension AB acquired a new position in shares of Xylem during the fourth quarter valued at about $96,658,000. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Xylem during the first quarter worth about $89,828,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Xylem in the 4th quarter worth about $83,139,000. Institutional investors own 87.96% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on XYL. JPMorgan Chase & Co. began coverage on Xylem in a research note on Friday, May 30th. They issued an "overweight" rating and a $148.00 price objective for the company. Citigroup lowered their price target on Xylem from $152.00 to $134.00 and set a "buy" rating for the company in a research report on Monday, April 14th. 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 report on Wednesday, April 30th. Royal Bank Of Canada boosted their price target on shares of Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Finally, Raymond James Financial raised shares of Xylem to a "hold" rating in a research report on Thursday, May 15th. Three equities research 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, the company presently has an average rating of "Moderate Buy" and a consensus target price of $143.71.

Xylem Stock Performance

XYL traded up $1.21 during midday trading on Monday, reaching $129.44. The company had a trading volume of 2,548,264 shares, compared to its average volume of 1,414,415. Xylem Inc. has a 12-month low of $100.47 and a 12-month high of $143.50. The business has a 50-day moving average price of $124.04 and a two-hundred day moving average price of $121.71. The stock has a market cap of $31.50 billion, a PE ratio of 34.80, a P/E/G ratio of 2.34 and a beta of 1.13. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.41 and a current ratio of 1.89.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $1.03 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the prior year, the business earned $0.90 earnings per share. Xylem's revenue for the quarter was up 1.8% on a year-over-year basis. On average, sell-side analysts expect that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Announces Dividend

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 dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.24%. The ex-dividend date was Thursday, May 29th. Xylem's dividend payout ratio (DPR) is presently 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.