Raymond James Financial Inc. Purchases Shares of 348,596 Xylem Inc. (NYSE:XYL)

Raymond James Financial Inc. purchased a new stake in shares of Xylem Inc. (NYSE:XYL - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 348,596 shares of the industrial products company's stock, valued at approximately $40,444,000. Raymond James Financial Inc. owned about 0.14% of Xylem at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Clear Creek Financial Management LLC lifted its holdings in shares of Xylem by 4.3% during the 4th quarter. Clear Creek Financial Management LLC now owns 2,315 shares of the industrial products company's stock valued at $269,000 after buying an additional 96 shares during the last quarter. Bleakley Financial Group LLC lifted its holdings in shares of Xylem by 2.3% during the 4th quarter. Bleakley Financial Group LLC now owns 4,359 shares of the industrial products company's stock valued at $506,000 after buying an additional 96 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its holdings in shares of Xylem by 1.3% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 7,868 shares of the industrial products company's stock valued at $913,000 after buying an additional 98 shares during the last quarter. Mcrae Capital Management Inc. lifted its holdings in shares of Xylem by 2.9% during the 4th quarter. Mcrae Capital Management Inc. now owns 3,575 shares of the industrial products company's stock valued at $415,000 after buying an additional 100 shares during the last quarter. Finally, Moors & Cabot Inc. lifted its holdings in Xylem by 1.3% in the 3rd quarter. Moors & Cabot Inc. now owns 7,936 shares of the industrial products company's stock worth $1,072,000 after purchasing an additional 104 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

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

Xylem Stock Performance

Shares of XYL stock traded up $1.74 during trading hours on Friday, reaching $122.74. 1,810,347 shares of the company's stock were exchanged, compared to its average volume of 1,207,384. Xylem Inc. has a fifty-two week low of $113.26 and a fifty-two week high of $146.08. The stock has a market capitalization of $29.83 billion, a P/E ratio of 33.54, a P/E/G ratio of 2.33 and a beta of 1.08. The business has a fifty day moving average price of $124.74 and a 200-day moving average price of $126.63. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, topping analysts' consensus estimates of $1.12 by $0.06. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.18 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The company's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.99 earnings per share. Analysts predict that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This is a boost from Xylem's previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.30%. Xylem's payout ratio is currently 43.72%.

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.