MML Investors Services LLC Boosts Stake in Xylem Inc. (NYSE:XYL)

MML Investors Services LLC lifted its holdings in shares of Xylem Inc. (NYSE:XYL) by 66.9% during the 3rd quarter, according to its most recent Form 13F 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 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Swedbank AB grew its stake in shares of Xylem by 22.8% in the third quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company’s stock worth $403,953,000 after acquiring an additional 554,609 shares during the period. Erste Asset Management GmbH bought a new stake in Xylem in the 3rd quarter worth approximately $68,593,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Xylem during the 3rd quarter valued at $52,169,000. Champlain Investment Partners LLC lifted its holdings in shares of Xylem by 17.8% during the 3rd 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 during the period. Finally, LPL Financial LLC boosted its stake in shares of Xylem by 246.6% in the 2nd quarter. LPL Financial LLC now owns 324,504 shares of the industrial products company’s stock worth $44,012,000 after buying an additional 230,878 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on XYL shares. Royal Bank of Canada lowered 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. Wolfe Research restated a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Stifel Nicolaus decreased their price target on shares of Xylem from $172.00 to $166.00 and set a “buy” rating on the stock in a research report on Wednesday, December 11th. TD Cowen dropped their price target on shares of Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. Finally, Robert W. Baird reduced their price objective on Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $152.20.

Xylem Price Performance

Shares of Xylem stock opened at $120.78 on Tuesday. The company has a market capitalization of $29.34 billion, a price-to-earnings ratio of 35.32, a PEG ratio of 2.22 and a beta of 1.05. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 0.19. The stock’s 50-day simple moving average is $127.46 and its 200-day simple moving average is $132.28. Xylem Inc. has a 52 week low of $109.39 and a 52 week high of $146.08.

Xylem (NYSE:XYL) last posted its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.11 EPS 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 for the quarter, compared to analysts’ expectations of $2.17 billion. During the same period in the previous year, the firm earned $0.99 EPS. The firm’s revenue was up .2% compared to the same quarter last year. As a group, analysts expect that Xylem Inc. will post 4.23 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, November 26th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.19%. Xylem’s dividend payout ratio is 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.