Envestnet Asset Management Inc. Has $503,000 Stake in Xylem Inc. (XYL)

Envestnet Asset Management Inc. cut its position in shares of Xylem Inc. (NYSE:XYL) by 7.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,000 shares of the industrial products company’s stock after selling 831 shares during the period. Envestnet Asset Management Inc.’s holdings in Xylem were worth $503,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the stock. Mason Street Advisors LLC increased its stake in Xylem by 1.1% in the first quarter. Mason Street Advisors LLC now owns 24,802 shares of the industrial products company’s stock worth $1,246,000 after buying an additional 262 shares in the last quarter. RidgeWorth Capital Management LLC increased its stake in Xylem by 54.0% in the first quarter. RidgeWorth Capital Management LLC now owns 1,180,457 shares of the industrial products company’s stock worth $59,283,000 after buying an additional 413,799 shares in the last quarter. Dean Investment Associates LLC increased its stake in Xylem by 4.9% in the first quarter. Dean Investment Associates LLC now owns 14,031 shares of the industrial products company’s stock worth $705,000 after buying an additional 650 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its stake in Xylem by 76.1% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 36,279 shares of the industrial products company’s stock worth $1,822,000 after buying an additional 15,680 shares in the last quarter. Finally, Carret Asset Management LLC increased its stake in Xylem by 1.6% in the first quarter. Carret Asset Management LLC now owns 20,996 shares of the industrial products company’s stock worth $1,054,000 after buying an additional 326 shares in the last quarter. Institutional investors and hedge funds own 85.79% of the company’s stock.

Institutional Ownership by Quarter for Xylem (NYSE:XYL)

Xylem Inc. (NYSE:XYL) opened at 54.17 on Tuesday. The firm has a 50-day moving average price of $52.36 and a 200-day moving average price of $50.23. Xylem Inc. has a 1-year low of $42.52 and a 1-year high of $54.99. The firm has a market capitalization of $9.74 billion, a PE ratio of 38.97 and a beta of 1.15.

Xylem (NYSE:XYL) last announced its earnings results on Tuesday, May 2nd. The industrial products company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. Xylem had a return on equity of 15.53% and a net margin of 6.75%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the previous year, the business earned $0.35 EPS. The company’s revenue was up 26.4% compared to the same quarter last year. Equities analysts expect that Xylem Inc. will post $2.31 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 21st. Stockholders of record on Thursday, May 25th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, May 23rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.33%. Xylem’s payout ratio is presently 50.35%.

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A number of research firms recently commented on XYL. BidaskClub upgraded Xylem from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Boenning Scattergood reiterated a “buy” rating and issued a $55.00 price objective on shares of Xylem in a report on Wednesday, June 7th. Stifel Nicolaus reiterated a “hold” rating and issued a $52.00 price objective on shares of Xylem in a report on Friday, May 26th. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Xylem in a report on Monday, May 22nd. Finally, Barclays PLC upgraded Xylem from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $51.00 to $59.00 in a report on Monday, May 15th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $55.18.

In other news, insider Tomas Brannemo sold 14,080 shares of the business’s stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $50.36, for a total value of $709,068.80. Following the transaction, the insider now owns 21,000 shares in the company, valued at approximately $1,057,560. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.75% of the stock is owned by insiders.

Xylem Company Profile

Xylem Inc is a water technology company. The Company designs, manufactures and services engineered solutions across a range of critical applications. It is an equipment and service provider for water and wastewater applications with a portfolio of products and services addressing the cycle of water, from collection, distribution and use to the return of water to the environment.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “XYL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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