Envestnet Asset Management Inc. Buys 16,311 Shares of Xylem Inc. (NYSE:XYL)

Envestnet Asset Management Inc. increased its position in Xylem Inc. (NYSE:XYL) by 5.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 306,391 shares of the industrial products company’s stock after acquiring an additional 16,311 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Xylem were worth $35,547,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. XTX Topco Ltd bought a new stake in Xylem during the third quarter valued at about $419,000. MML Investors Services LLC raised its stake in Xylem by 66.9% during the 3rd quarter. MML Investors Services LLC now owns 15,935 shares of the industrial products company’s stock valued at $2,152,000 after purchasing an additional 6,386 shares during the period. Coldstream Capital Management Inc. lifted its holdings in Xylem by 34.2% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,459 shares of the industrial products company’s stock worth $457,000 after purchasing an additional 882 shares in the last quarter. Toronto Dominion Bank boosted its stake in Xylem by 1.5% in the 3rd quarter. Toronto Dominion Bank now owns 122,129 shares of the industrial products company’s stock worth $16,491,000 after purchasing an additional 1,835 shares during the period. Finally, Sanctuary Advisors LLC grew its holdings in Xylem by 16.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 26,036 shares of the industrial products company’s stock valued at $3,303,000 after buying an additional 3,614 shares in the last quarter. Institutional investors own 87.96% of the company’s stock.

Xylem Trading Up 1.2 %

XYL opened at $108.94 on Friday. The stock has a 50-day moving average of $122.72 and a 200 day moving average of $124.02. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 12 month low of $100.47 and a 12 month high of $146.08. The firm has a market cap of $26.51 billion, a P/E ratio of 29.76, a P/E/G ratio of 2.33 and a beta of 1.08.

Xylem (NYSE:XYL) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.06. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The firm had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same quarter in the previous year, the business earned $0.99 EPS. The company’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, research analysts forecast that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.47%. This is an increase from Xylem’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Tuesday, February 18th. Xylem’s dividend payout ratio is presently 43.72%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on XYL. Stifel Nicolaus dropped their target price on shares of Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Citigroup cut Xylem from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 5th. Finally, Robert W. Baird increased their price target on Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $149.89.

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.