Xylem Inc. (NYSE:XYL) Shares Purchased by MML Investors Services LLC

MML Investors Services LLC grew its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 66.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,935 shares of the industrial products company's stock after buying an additional 6,386 shares during the period. MML Investors Services LLC's holdings in Xylem were worth $2,152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. boosted its stake in 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. Raymond James & Associates grew its stake in Xylem by 7.7% during the 2nd quarter. Raymond James & Associates now owns 121,776 shares of the industrial products company's stock worth $16,517,000 after buying an additional 8,721 shares during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new position in Xylem during the second quarter worth approximately $344,000. Fifth Third Bancorp boosted its holdings in shares of Xylem by 5.6% in the second quarter. Fifth Third Bancorp now owns 45,790 shares of the industrial products company's stock valued at $6,210,000 after acquiring an additional 2,426 shares during the period. Finally, Fifth Third Wealth Advisors LLC purchased a new position in shares of Xylem during the second quarter worth approximately $258,000. 87.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on XYL shares. Royal Bank of Canada decreased their price target on shares of Xylem from $163.00 to $162.00 and set an "outperform" rating for the company in a research note on Friday, November 1st. TD Cowen reduced their price objective on Xylem from $138.00 to $125.00 and set a "hold" rating for the company in a research note on Wednesday, November 6th. Wolfe Research reiterated a "peer perform" rating on shares of Xylem in a research note on Thursday, December 12th. Stifel Nicolaus cut their price target on Xylem from $172.00 to $166.00 and set a "buy" rating for the company in a research note on Wednesday, December 11th. Finally, Robert W. Baird dropped their price objective on shares of Xylem from $175.00 to $154.00 and set an "outperform" rating on the stock in a research note on Friday, November 1st. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $152.20.

Xylem Price Performance

Shares of NYSE XYL traded down $0.01 on Tuesday, hitting $120.77. The company's stock had a trading volume of 1,801,199 shares, compared to its average volume of 1,244,890. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.96 and a quick ratio of 1.42. The stock has a 50 day moving average of $127.19 and a 200-day moving average of $132.14. Xylem Inc. has a 12-month low of $109.39 and a 12-month high of $146.08. The company has a market capitalization of $29.34 billion, a price-to-earnings ratio of 35.31, a price-to-earnings-growth ratio of 2.22 and a beta of 1.05.

Xylem (NYSE:XYL - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, hitting analysts' consensus estimates of $1.11. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The company had revenue of $2.10 billion during the quarter, compared to analysts' expectations of $2.17 billion. During the same period in the previous year, the firm posted $0.99 earnings per share. The business's revenue for the quarter was up .2% compared to the same quarter last year. As a group, research analysts predict that Xylem Inc. will post 4.23 EPS for the current year.

Xylem Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Tuesday, November 26th. Xylem's dividend payout ratio is presently 42.11%.

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.