Xylem Inc. (NYSE:XYL) Shares Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC increased its position in shares of Xylem Inc. (NYSE:XYL) by 8.7% in the first quarter, HoldingsChannel.com reports. The firm owned 296,408 shares of the industrial products company’s stock after acquiring an additional 23,717 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Xylem were worth $35,409,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Alpine Bank Wealth Management acquired a new position in shares of Xylem during the first quarter worth $239,000. Sava Infond d.o.o. grew its stake in shares of Xylem by 164.3% during the first quarter. Sava Infond d.o.o. now owns 3,700 shares of the industrial products company’s stock worth $442,000 after purchasing an additional 2,300 shares in the last quarter. Keudell Morrison Wealth Management acquired a new position in shares of Xylem during the first quarter worth $220,000. Asset Management One Co. Ltd. lifted its position in Xylem by 5.1% in the first quarter. Asset Management One Co. Ltd. now owns 163,059 shares of the industrial products company’s stock valued at $19,479,000 after acquiring an additional 7,978 shares during the last quarter. Finally, Figure 8 Investment Strategies LLC lifted its position in Xylem by 3.0% in the first quarter. Figure 8 Investment Strategies LLC now owns 20,663 shares of the industrial products company’s stock valued at $2,468,000 after acquiring an additional 595 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on XYL. Royal Bank Of Canada boosted their price target on shares of Xylem from $143.00 to $147.00 and gave the company an “outperform” rating in a research report on Wednesday, April 30th. Stifel Nicolaus boosted their price target on shares of Xylem from $140.00 to $141.00 and gave the company a “buy” rating in a research report on Wednesday, April 30th. Robert W. Baird reduced their price target on shares of Xylem from $149.00 to $146.00 and set an “outperform” rating for the company in a research report on Wednesday, April 30th. Citigroup reduced their price target on shares of Xylem from $152.00 to $134.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Finally, Raymond James Financial raised shares of Xylem to a “hold” rating in a research report on Thursday, May 15th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Xylem currently has an average rating of “Moderate Buy” and a consensus price target of $143.71.

Xylem Price Performance

Shares of NYSE:XYL opened at $127.53 on Thursday. The company has a 50-day simple moving average of $123.30 and a 200-day simple moving average of $121.72. Xylem Inc. has a one year low of $100.47 and a one year high of $143.50. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.41 and a current ratio of 1.89. The stock has a market capitalization of $31.03 billion, a price-to-earnings ratio of 34.28, a PEG ratio of 2.32 and a beta of 1.13.

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

Xylem Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, May 29th will be issued a $0.40 dividend. The ex-dividend date is Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.25%. Xylem’s payout ratio is 43.01%.

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.