Rafferty Asset Management LLC Raises Stake in Xylem Inc. (NYSE:XYL)

Rafferty Asset Management LLC grew its position in Xylem Inc. (NYSE:XYL) by 11.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 22,693 shares of the industrial products company’s stock after buying an additional 2,327 shares during the period. Rafferty Asset Management LLC’s holdings in Xylem were worth $2,633,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of XYL. Lee Danner & Bass Inc. bought a new stake in shares of Xylem in the fourth quarter worth approximately $30,000. Rialto Wealth Management LLC bought a new stake in Xylem during the fourth quarter valued at approximately $31,000. Heck Capital Advisors LLC bought a new stake in Xylem during the fourth quarter valued at approximately $36,000. Pathway Financial Advisers LLC lifted its holdings in Xylem by 122.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 175 shares in the last quarter. Finally, SRS Capital Advisors Inc. lifted its holdings in Xylem by 69.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 130 shares in the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on XYL shares. Raymond James raised shares of Xylem to a “hold” rating in a report on Thursday, May 15th. Stifel Nicolaus upped their price target on shares of Xylem from $140.00 to $141.00 and gave the company a “buy” rating in a research note on Wednesday, April 30th. Royal Bank of Canada boosted their price objective on shares of Xylem from $143.00 to $147.00 and gave the company an “outperform” rating in a research report on Wednesday, April 30th. Citigroup cut their price objective on shares of Xylem from $152.00 to $134.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Finally, Robert W. Baird cut their price target on shares of Xylem from $149.00 to $146.00 and set an “outperform” rating on the stock in a report on Wednesday, April 30th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $146.88.

Xylem Stock Down 0.0%

NYSE:XYL opened at $127.97 on Tuesday. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $146.08. The company has a 50-day moving average of $117.28 and a 200 day moving average of $121.41. The firm has a market cap of $31.14 billion, a PE ratio of 34.96, a price-to-earnings-growth ratio of 2.33 and a beta of 1.10. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33.

Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.95 by $0.08. The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.04 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The company’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.90 earnings per share. As a group, research analysts anticipate that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, May 29th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Thursday, May 29th. Xylem’s dividend payout ratio (DPR) is presently 43.01%.

About Xylem

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.