Xylem Inc. (NYSE:XYL) Position Increased by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC raised its position in shares of Xylem Inc. (NYSE:XYL) by 20.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,636 shares of the industrial products company’s stock after buying an additional 1,658 shares during the quarter. Miracle Mile Advisors LLC’s holdings in Xylem were worth $1,118,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of XYL. Swedbank AB lifted its stake in Xylem by 22.8% during the third quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company’s stock valued at $403,953,000 after buying an additional 554,609 shares in the last quarter. Erste Asset Management GmbH purchased a new stake in Xylem during the third quarter valued at about $68,593,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Xylem during the third quarter valued at about $52,169,000. Champlain Investment Partners LLC lifted its stake in Xylem by 17.8% during the third quarter. Champlain Investment Partners LLC now owns 1,657,785 shares of the industrial products company’s stock valued at $223,851,000 after buying an additional 249,975 shares in the last quarter. Finally, State Street Corp lifted its stake in Xylem by 1.9% during the third quarter. State Street Corp now owns 10,329,494 shares of the industrial products company’s stock valued at $1,394,792,000 after buying an additional 189,820 shares in the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on XYL shares. TD Cowen dropped their target price on Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. Robert W. Baird dropped their target price on Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Wolfe Research reiterated a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Royal Bank of Canada dropped their target price on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, Citigroup dropped their target price on Xylem from $148.00 to $147.00 and set a “buy” rating on the stock in a report on Monday. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $152.10.

Xylem Trading Down 0.1 %

NYSE:XYL opened at $115.48 on Wednesday. The stock’s 50 day moving average price is $121.55 and its 200 day moving average price is $129.20. Xylem Inc. has a 52 week low of $109.39 and a 52 week high of $146.08. The company has a market capitalization of $28.06 billion, a P/E ratio of 33.77, a P/E/G ratio of 2.22 and a beta of 1.06. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.96.

Xylem (NYSE:XYL) last released its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 EPS for the quarter, hitting analysts’ consensus estimates of $1.11. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.17 billion. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The firm’s revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.99 earnings per share. On average, research analysts forecast that Xylem Inc. will post 4.23 EPS for the current fiscal year.

Xylem Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th were given a dividend of $0.36 per share. The ex-dividend date was Tuesday, November 26th. This represents a $1.44 dividend on an annualized basis and a yield of 1.25%. Xylem’s payout ratio is currently 42.11%.

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.