Xylem Inc. (NYSE:XYL) Shares Bought by First Trust Advisors LP

First Trust Advisors LP grew its holdings in Xylem Inc. (NYSE:XYL) by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 618,183 shares of the industrial products company’s stock after purchasing an additional 4,937 shares during the quarter. First Trust Advisors LP owned about 0.25% of Xylem worth $71,722,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Lee Danner & Bass Inc. purchased a new position in Xylem during the fourth quarter worth approximately $30,000. Rialto Wealth Management LLC acquired a new position in shares of Xylem during the 4th quarter valued at about $31,000. Heck Capital Advisors LLC purchased a new stake in shares of Xylem in the fourth quarter valued at about $36,000. Pathway Financial Advisers LLC increased its position in Xylem by 122.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 175 shares during the last quarter. Finally, SRS Capital Advisors Inc. boosted its holdings in Xylem by 69.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 130 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on XYL shares. Stifel Nicolaus reduced their price target on shares of Xylem from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Citigroup lowered their target price on Xylem from $152.00 to $134.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Finally, Robert W. Baird increased their price target on shares of Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $147.33.

Xylem Stock Down 1.6 %

Shares of NYSE XYL opened at $108.62 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. The firm’s 50-day moving average is $120.17 and its two-hundred day moving average is $122.92. Xylem Inc. has a 12-month low of $100.47 and a 12-month high of $146.08. The company has a market capitalization of $26.43 billion, a PE ratio of 29.68, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08.

Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.06. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.18 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. Xylem’s revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.99 earnings per share. Equities analysts anticipate that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Increases Dividend

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

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.