Wealth Enhancement Advisory Services LLC Boosts Stock Position in Xylem Inc. (NYSE:XYL)

Wealth Enhancement Advisory Services LLC lifted its position in shares of Xylem Inc. (NYSE:XYL) by 14.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,349 shares of the industrial products company’s stock after buying an additional 6,038 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Xylem were worth $6,529,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Swedbank AB raised its stake in shares of Xylem by 22.8% during the third quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company’s stock worth $403,953,000 after acquiring an additional 554,609 shares in the last quarter. Mirova US LLC raised its position in Xylem by 2.0% in the 2nd quarter. Mirova US LLC now owns 1,876,618 shares of the industrial products company’s stock worth $254,526,000 after purchasing an additional 36,013 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in Xylem by 2.2% in the second quarter. DekaBank Deutsche Girozentrale now owns 1,665,090 shares of the industrial products company’s stock worth $227,364,000 after purchasing an additional 36,601 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Xylem by 8.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,474,033 shares of the industrial products company’s stock valued at $199,930,000 after buying an additional 113,571 shares during the period. Finally, Sei Investments Co. grew its stake in shares of Xylem by 3.1% during the second quarter. Sei Investments Co. now owns 1,045,023 shares of the industrial products company’s stock valued at $141,736,000 after buying an additional 31,709 shares during the last quarter. Institutional investors own 87.96% of the company’s stock.

Xylem Stock Performance

Xylem stock opened at $130.22 on Thursday. Xylem Inc. has a fifty-two week low of $91.42 and a fifty-two week high of $146.08. The stock’s 50 day simple moving average is $133.41 and its two-hundred day simple moving average is $135.28. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.85. The stock has a market cap of $31.63 billion, a price-to-earnings ratio of 41.21, a PEG ratio of 2.30 and a beta of 1.04.

Xylem (NYSE:XYL) last released its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.04. The company had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Xylem had a return on equity of 9.48% and a net margin of 9.11%. The firm’s revenue for the quarter was up 26.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.98 EPS. As a group, analysts expect that Xylem Inc. will post 4.26 earnings per share for the current fiscal year.

Xylem Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend was Thursday, August 29th. Xylem’s dividend payout ratio (DPR) is presently 45.57%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on XYL shares. Stifel Nicolaus boosted their target price on Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Robert W. Baird increased their price objective on Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Royal Bank of Canada lifted their target price on shares of Xylem from $160.00 to $163.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. UBS Group initiated coverage on shares of Xylem in a research report on Tuesday, August 13th. They set a “buy” rating and a $165.00 price target for the company. Finally, TD Cowen reaffirmed a “hold” rating and set a $138.00 price objective on shares of Xylem in a research note on Tuesday, September 3rd. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $149.67.

Xylem Company 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.