Envestnet Portfolio Solutions Inc. Purchases 1,741 Shares of Xylem Inc. (NYSE:XYL)

Envestnet Portfolio Solutions Inc. grew its position in shares of Xylem Inc. (NYSE:XYL) by 12.5% in the 4th quarter, HoldingsChannel reports. The firm owned 15,719 shares of the industrial products company’s stock after acquiring an additional 1,741 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Xylem were worth $1,824,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Hilton Capital Management LLC bought a new stake in Xylem during the fourth quarter worth about $5,361,000. LBP AM SA lifted its stake in shares of Xylem by 12.5% in the 4th quarter. LBP AM SA now owns 404,433 shares of the industrial products company’s stock valued at $46,922,000 after acquiring an additional 44,823 shares during the last quarter. Parnassus Investments LLC lifted its stake in shares of Xylem by 29.7% in the 4th quarter. Parnassus Investments LLC now owns 735,489 shares of the industrial products company’s stock valued at $85,331,000 after acquiring an additional 168,242 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Xylem by 10.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 82,149 shares of the industrial products company’s stock valued at $9,531,000 after acquiring an additional 7,945 shares during the last quarter. Finally, HBK Sorce Advisory LLC lifted its stake in shares of Xylem by 4.4% in the 4th quarter. HBK Sorce Advisory LLC now owns 4,935 shares of the industrial products company’s stock valued at $573,000 after acquiring an additional 210 shares during the last quarter. Institutional investors own 87.96% of the company’s stock.

Xylem Stock Down 1.2 %

XYL stock opened at $119.84 on Friday. Xylem Inc. has a fifty-two week low of $113.26 and a fifty-two week high of $146.08. The business’s 50 day moving average price is $125.15 and its two-hundred day moving average price is $126.28. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. The company has a market capitalization of $29.13 billion, a price-to-earnings ratio of 32.74, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08.

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

Xylem Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th were issued 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 dividend on an annualized basis and a dividend yield of 1.34%. Xylem’s dividend payout ratio is 43.72%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on XYL. Robert W. Baird boosted their target price on Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Wolfe Research reissued a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Stifel Nicolaus lowered their target price on Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Finally, Citigroup lowered Xylem from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $149.89.

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.