Envestnet Asset Management Inc. Buys 16,311 Shares of Xylem Inc. (NYSE:XYL)

Envestnet Asset Management Inc. grew its position in shares of Xylem Inc. (NYSE:XYL - Free Report) by 5.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 306,391 shares of the industrial products company's stock after purchasing an additional 16,311 shares during the period. Envestnet Asset Management Inc. owned approximately 0.13% of Xylem worth $35,547,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Impax Asset Management Group plc lifted its holdings in shares of Xylem by 231.5% during the 4th quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company's stock worth $644,039,000 after acquiring an additional 3,883,845 shares during the last quarter. Norges Bank bought a new stake in Xylem during the fourth quarter worth about $302,734,000. AMF Tjanstepension AB purchased a new position in shares of Xylem in the 4th quarter worth about $96,658,000. Victory Capital Management Inc. increased its position in shares of Xylem by 42.9% during the 4th quarter. Victory Capital Management Inc. now owns 2,326,024 shares of the industrial products company's stock valued at $269,865,000 after purchasing an additional 698,745 shares during the last quarter. Finally, Swedbank AB lifted its position in Xylem by 23.1% in the 4th quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company's stock worth $427,325,000 after buying an additional 691,618 shares during the last quarter. Institutional investors own 87.96% of the company's stock.

Xylem Trading Down 0.5 %

NYSE XYL traded down $0.59 during trading on Tuesday, hitting $109.11. The company had a trading volume of 1,559,034 shares, compared to its average volume of 1,378,344. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. Xylem Inc. has a one year low of $100.47 and a one year high of $146.08. The company's fifty day moving average is $122.33 and its 200-day moving average is $123.77. The company has a market cap of $26.55 billion, a price-to-earnings ratio of 29.81, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08.

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Xylem (NYSE:XYL - Get Free Report) last released its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, beating analysts' consensus estimates of $1.12 by $0.06. The company had revenue of $2.30 billion during the quarter, compared to analysts' expectations of $2.18 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.99 EPS. On average, sell-side analysts predict that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.47%. This is a positive change from Xylem's previous quarterly dividend of $0.36. The ex-dividend date was Tuesday, February 18th. Xylem's dividend payout ratio (DPR) is presently 43.72%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on XYL shares. Stifel Nicolaus lowered their price objective on shares of Xylem from $166.00 to $150.00 and set a "buy" rating for the company in a report on Friday, January 24th. Robert W. Baird raised their price objective on Xylem from $139.00 to $148.00 and gave the company an "outperform" rating in a research note on Wednesday, February 5th. Finally, Citigroup dropped their target price on Xylem from $152.00 to $134.00 and set a "buy" rating for the company in a report on Monday. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $148.44.

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.