Xylem Inc. (NYSE:XYL) Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Xylem Inc. (NYSE:XYL) by 4.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 80,720 shares of the industrial products company’s stock after acquiring an additional 3,477 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Xylem were worth $10,948,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its position in Xylem by 68.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock valued at $25,000 after buying an additional 77 shares in the last quarter. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Xylem in the 2nd quarter worth approximately $33,000. Blue Trust Inc. boosted its holdings in shares of Xylem by 1,185.7% in the second quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 249 shares in the last quarter. FinTrust Capital Advisors LLC increased its stake in shares of Xylem by 170.9% during the first quarter. FinTrust Capital Advisors LLC now owns 317 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 200 shares during the period. Finally, Hazlett Burt & Watson Inc. raised its holdings in Xylem by 184.9% during the first quarter. Hazlett Burt & Watson Inc. now owns 339 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 220 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Stifel Nicolaus lifted their price target on Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. UBS Group began coverage on Xylem in a report on Tuesday, August 13th. They set a “buy” rating and a $165.00 target price on the stock. Royal Bank of Canada upped their price target on shares of Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. TD Cowen reaffirmed a “hold” rating and issued a $138.00 price objective on shares of Xylem in a research note on Tuesday, September 3rd. Finally, Robert W. Baird increased their target price on shares of Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $147.54.

Xylem Trading Down 0.5 %

NYSE XYL opened at $134.39 on Wednesday. The firm’s 50 day moving average price is $133.00 and its two-hundred day moving average price is $134.58. The stock has a market cap of $32.58 billion, a price-to-earnings ratio of 47.83, a PEG ratio of 2.37 and a beta of 1.04. Xylem Inc. has a twelve month low of $87.59 and a twelve month high of $146.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.85.

Xylem (NYSE:XYL) last posted its quarterly 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 firm had revenue of $2.17 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the firm earned $0.98 earnings per share. Equities analysts anticipate that Xylem Inc. will post 4.26 EPS for the current year.

Xylem Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date was Thursday, August 29th. Xylem’s dividend payout ratio (DPR) is 51.25%.

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.