Wealth Enhancement Advisory Services LLC Grows Stock Holdings in Xylem Inc. (NYSE:XYL)

Wealth Enhancement Advisory Services LLC increased its stake in Xylem Inc. (NYSE:XYL) by 14.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 48,349 shares of the industrial products company’s stock after buying an additional 6,038 shares during the quarter. 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 institutional investors and hedge funds also recently added to or reduced their stakes in XYL. Duality Advisers LP purchased a new stake in shares of Xylem in the first quarter worth $6,746,000. Russell Investments Group Ltd. increased its stake in Xylem by 12.9% during the 1st quarter. Russell Investments Group Ltd. now owns 338,315 shares of the industrial products company’s stock valued at $43,737,000 after purchasing an additional 38,603 shares in the last quarter. California State Teachers Retirement System raised its holdings in Xylem by 1.4% in the first quarter. California State Teachers Retirement System now owns 393,856 shares of the industrial products company’s stock worth $50,902,000 after buying an additional 5,477 shares during the last quarter. Central Pacific Bank Trust Division bought a new position in shares of Xylem in the first quarter worth approximately $1,487,000. Finally, Daiwa Securities Group Inc. grew its holdings in shares of Xylem by 25.8% during the first quarter. Daiwa Securities Group Inc. now owns 69,701 shares of the industrial products company’s stock valued at $9,008,000 after buying an additional 14,276 shares during the last quarter. Institutional investors own 87.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. UBS Group began coverage on Xylem in a research report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price objective on the stock. TD Cowen reaffirmed a “hold” rating and set a $138.00 price objective on shares of Xylem in a research report on Tuesday, September 3rd. Royal Bank of Canada boosted their target price on Xylem from $160.00 to $163.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Stifel Nicolaus raised their price target on shares of Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, Robert W. Baird lifted their price target on shares of Xylem from $155.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Xylem presently has a consensus rating of “Moderate Buy” and an average price target of $149.67.

Xylem Trading Up 0.3 %

Shares of Xylem stock opened at $130.22 on Thursday. Xylem Inc. has a 1-year low of $91.42 and a 1-year high of $146.08. The company’s fifty day simple moving average is $133.41 and its 200-day simple moving average is $135.28. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.85 and a quick ratio of 1.33. The stock has a market capitalization of $31.63 billion, a PE ratio of 41.21, a P/E/G 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 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.04. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.14 billion. Xylem had a return on equity of 9.48% and a net margin of 9.11%. Xylem’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.98 earnings per share. As a group, equities analysts anticipate that Xylem Inc. will post 4.26 earnings per share for the current year.

Xylem Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th were given a dividend of $0.36 per share. The ex-dividend date was Thursday, August 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.11%. Xylem’s payout ratio is currently 45.57%.

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.