Chemistry Wealth Management LLC Takes $205,000 Position in Xylem Inc. (NYSE:XYL)

Chemistry Wealth Management LLC acquired a new stake in Xylem Inc. (NYSE:XYL) in the first quarter, Holdings Channel reports. The institutional investor acquired 1,712 shares of the industrial products company’s stock, valued at approximately $205,000.

A number of other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Xylem by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 28,644,417 shares of the industrial products company’s stock valued at $3,323,325,000 after purchasing an additional 303,854 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Xylem by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 5,804,247 shares of the industrial products company’s stock valued at $671,623,000 after purchasing an additional 135,492 shares in the last quarter. Impax Asset Management Group plc boosted its stake in shares of Xylem by 231.5% in the 4th quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company’s stock valued at $644,039,000 after purchasing an additional 3,883,845 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Xylem by 7.9% in the 4th quarter. Royal Bank of Canada now owns 4,369,804 shares of the industrial products company’s stock valued at $506,985,000 after purchasing an additional 320,500 shares in the last quarter. Finally, Invesco Ltd. boosted its position in Xylem by 9.8% during the 4th quarter. Invesco Ltd. now owns 4,009,907 shares of the industrial products company’s stock valued at $465,229,000 after buying an additional 359,276 shares during the period. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Xylem Trading Up 0.0%

NYSE:XYL opened at $126.68 on Friday. The company has a 50-day moving average price of $118.62 and a 200-day moving average price of $121.71. Xylem Inc. has a 12 month low of $100.47 and a 12 month high of $143.50. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. The stock has a market cap of $30.83 billion, a price-to-earnings ratio of 34.61, a P/E/G ratio of 2.33 and a beta of 1.13.

Xylem (NYSE:XYL) last posted its earnings results on Tuesday, April 29th. The industrial products company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.95 by $0.08. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The firm had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same period last year, the company posted $0.90 EPS. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. Equities analysts predict that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, May 29th will be given a $0.40 dividend. The ex-dividend date is Thursday, May 29th. This represents a $1.60 annualized dividend and a dividend yield of 1.26%. Xylem’s dividend payout ratio is 43.01%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on XYL shares. Raymond James raised shares of Xylem to a “hold” rating in a research report on Thursday, May 15th. Citigroup dropped their price target on shares of Xylem from $152.00 to $134.00 and set a “buy” rating for the company in a research report on Monday, April 14th. JPMorgan Chase & Co. started coverage on shares of Xylem in a research report on Friday, May 30th. They set an “overweight” rating and a $148.00 price target for the company. Royal Bank of Canada increased their price target 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. Finally, Stifel Nicolaus increased their price target on shares of Xylem from $140.00 to $141.00 and gave the company a “buy” rating in a research report on Wednesday, April 30th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $143.71.

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.