Xylem Inc. (NYSE:XYL) Shares Bought by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC boosted its holdings in Xylem Inc. (NYSE:XYL) by 20.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,636 shares of the industrial products company’s stock after purchasing an additional 1,658 shares during the quarter. Miracle Mile Advisors LLC’s holdings in Xylem were worth $1,118,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in XYL. Meeder Advisory Services Inc. bought a new stake in Xylem during the second quarter valued at $204,000. Envestnet Asset Management Inc. increased its stake in Xylem by 3.9% during the second quarter. Envestnet Asset Management Inc. now owns 366,038 shares of the industrial products company’s stock valued at $49,646,000 after purchasing an additional 13,671 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Xylem by 8.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,474,033 shares of the industrial products company’s stock valued at $199,930,000 after purchasing an additional 113,571 shares during the last quarter. Quantbot Technologies LP increased its stake in Xylem by 1,051.7% during the second quarter. Quantbot Technologies LP now owns 20,489 shares of the industrial products company’s stock valued at $2,779,000 after purchasing an additional 18,710 shares during the last quarter. Finally, Citizens Financial Group Inc. RI increased its stake in Xylem by 23.7% during the second quarter. Citizens Financial Group Inc. RI now owns 2,424 shares of the industrial products company’s stock valued at $329,000 after purchasing an additional 465 shares during the last quarter. Institutional investors own 87.96% of the company’s stock.

Xylem Stock Performance

XYL stock opened at $115.48 on Wednesday. The company has a market capitalization of $28.06 billion, a P/E ratio of 33.77, a PEG ratio of 2.22 and a beta of 1.06. The company has a 50-day simple moving average of $121.55 and a 200 day simple moving average of $129.20. Xylem Inc. has a fifty-two week low of $109.39 and a fifty-two week high of $146.08. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL) last issued its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.11. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the prior year, the company earned $0.99 EPS. Xylem’s revenue was up .2% on a year-over-year basis. Sell-side analysts predict that Xylem Inc. will post 4.23 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date was Tuesday, November 26th. Xylem’s payout ratio is 42.11%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on XYL. Robert W. Baird lowered their target price on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Wolfe Research restated a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. TD Cowen lowered their price target on shares of Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Stifel Nicolaus lowered their price target on shares of Xylem from $172.00 to $166.00 and set a “buy” rating for the company in a research report on Wednesday, December 11th. Finally, Royal Bank of Canada lowered their price target on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Xylem has an average rating of “Moderate Buy” and a consensus target price of $152.10.

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.