Raymond James Financial Inc. Purchases New Position in Xylem Inc. (NYSE:XYL)

Raymond James Financial Inc. acquired a new stake in shares of Xylem Inc. (NYSE:XYL - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 348,596 shares of the industrial products company's stock, valued at approximately $40,444,000. Raymond James Financial Inc. owned approximately 0.14% of Xylem as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. MML Investors Services LLC raised its holdings in shares of Xylem by 66.9% during the third quarter. MML Investors Services LLC now owns 15,935 shares of the industrial products company's stock worth $2,152,000 after acquiring an additional 6,386 shares in the last quarter. Sanctuary Advisors LLC raised its stake in shares of Xylem by 16.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 26,036 shares of the industrial products company's stock worth $3,303,000 after purchasing an additional 3,614 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Xylem during the 3rd quarter valued at about $2,492,000. Tidal Investments LLC lifted its holdings in shares of Xylem by 1.7% during the 3rd quarter. Tidal Investments LLC now owns 47,642 shares of the industrial products company's stock valued at $6,433,000 after buying an additional 783 shares during the last quarter. Finally, Asset Advisors Investment Management LLC grew its stake in shares of Xylem by 11.7% in the 3rd quarter. Asset Advisors Investment Management LLC now owns 18,455 shares of the industrial products company's stock valued at $2,492,000 after buying an additional 1,937 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company's stock.

Xylem Stock Performance

Shares of NYSE:XYL traded down $1.44 on Monday, hitting $108.98. 130,518 shares of the company were exchanged, compared to its average volume of 1,380,718. The company's 50 day moving average price is $120.60 and its two-hundred day moving average price is $123.09. The firm has a market capitalization of $26.52 billion, a price-to-earnings ratio of 29.80, a PEG ratio of 2.33 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. Xylem Inc. has a one year low of $100.47 and a one year high of $146.08.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $2.18 billion. During the same quarter in the prior year, the firm posted $0.99 EPS. The company's revenue for the quarter was up 8.6% on a year-over-year basis. Research analysts expect that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.47%. This is an increase 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%.

Analyst Ratings Changes

Several research firms have commented on XYL. Robert W. Baird boosted their target price on shares of Xylem from $139.00 to $148.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 5th. Stifel Nicolaus cut their target price on Xylem from $150.00 to $140.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Finally, Citigroup lowered their price objective on Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $147.33.

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.