Xylem Inc. (NYSE:XYL) Shares Purchased by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. boosted its position in Xylem Inc. (NYSE:XYL) by 26.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,930 shares of the industrial products company’s stock after buying an additional 2,072 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Xylem were worth $1,136,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in XYL. First Trust Advisors LP raised its stake in shares of Xylem by 399.3% in the 1st quarter. First Trust Advisors LP now owns 2,951,349 shares of the industrial products company’s stock valued at $251,632,000 after purchasing an additional 2,360,214 shares in the last quarter. Morgan Stanley raised its stake in shares of Xylem by 145.5% in the 4th quarter. Morgan Stanley now owns 3,731,215 shares of the industrial products company’s stock valued at $412,561,000 after purchasing an additional 2,211,083 shares in the last quarter. Norges Bank acquired a new stake in shares of Xylem in the 4th quarter valued at about $197,762,000. Vanguard Group Inc. raised its stake in shares of Xylem by 7.6% in the 1st quarter. Vanguard Group Inc. now owns 20,390,911 shares of the industrial products company’s stock valued at $1,738,529,000 after purchasing an additional 1,435,798 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of Xylem by 53.6% in the 1st quarter. Invesco Ltd. now owns 3,828,177 shares of the industrial products company’s stock valued at $326,390,000 after purchasing an additional 1,335,241 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Insiders Place Their Bets

In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of Xylem stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $122.89, for a total value of $122,890.00. Following the transaction, the chief accounting officer now owns 2,935 shares in the company, valued at $360,682.15. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of Xylem stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $122.89, for a total value of $122,890.00. Following the transaction, the chief accounting officer now owns 2,935 shares in the company, valued at $360,682.15. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Franz Cerwinka sold 2,408 shares of Xylem stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $121.79, for a total transaction of $293,270.32. Following the completion of the transaction, the senior vice president now owns 11,750 shares in the company, valued at approximately $1,431,032.50. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by company insiders.

Xylem Price Performance

Shares of NYSE XYL traded down $0.68 during mid-day trading on Friday, reaching $128.11. 899,537 shares of the company traded hands, compared to its average volume of 894,723. Xylem Inc. has a fifty-two week low of $87.59 and a fifty-two week high of $130.86. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.76 and a quick ratio of 1.30. The firm has a market cap of $31.05 billion, a PE ratio of 47.10, a price-to-earnings-growth ratio of 2.57 and a beta of 1.10. The stock has a fifty day simple moving average of $126.36 and a 200-day simple moving average of $111.09.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.03. Xylem had a net margin of 8.27% and a return on equity of 9.65%. The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same quarter last year, the business earned $0.92 earnings per share. The business’s revenue for the quarter was up 40.6% on a year-over-year basis. Equities research analysts anticipate that Xylem Inc. will post 4.13 EPS for the current fiscal year.

Xylem Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 21st were given a $0.36 dividend. This is a positive change from Xylem’s previous quarterly dividend of $0.33. The ex-dividend date was Tuesday, February 20th. This represents a $1.44 annualized dividend and a yield of 1.12%. Xylem’s payout ratio is 52.94%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on XYL. Raymond James upgraded shares of Xylem from an “underperform” rating to a “market perform” rating in a research note on Thursday, January 4th. Royal Bank of Canada increased their price objective on shares of Xylem from $140.00 to $145.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Robert W. Baird increased their price objective on shares of Xylem from $141.00 to $148.00 and gave the stock an “outperform” rating in a research note on Thursday, March 21st. Citigroup increased their price objective on shares of Xylem from $126.00 to $139.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Finally, Stifel Nicolaus increased their price objective on shares of Xylem from $136.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $135.44.

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.