MML Investors Services LLC Has $1.20 Million Position in Xylem Inc. (NYSE:XYL)

MML Investors Services LLC increased its stake in shares of Xylem Inc. (NYSE:XYL – Get Rating) by 5.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,718 shares of the industrial products company’s stock after purchasing an additional 649 shares during the quarter. MML Investors Services LLC’s holdings in Xylem were worth $1,198,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in XYL. Panagora Asset Management Inc. raised its position in shares of Xylem by 21.7% in the first quarter. Panagora Asset Management Inc. now owns 14,297 shares of the industrial products company’s stock valued at $1,219,000 after purchasing an additional 2,550 shares during the period. Yousif Capital Management LLC raised its position in shares of Xylem by 1.5% in the first quarter. Yousif Capital Management LLC now owns 27,307 shares of the industrial products company’s stock valued at $2,328,000 after purchasing an additional 416 shares during the period. Blair William & Co. IL raised its position in shares of Xylem by 0.5% in the first quarter. Blair William & Co. IL now owns 66,243 shares of the industrial products company’s stock valued at $5,648,000 after purchasing an additional 299 shares during the period. Sei Investments Co. raised its position in shares of Xylem by 6.7% in the first quarter. Sei Investments Co. now owns 335,330 shares of the industrial products company’s stock valued at $28,590,000 after purchasing an additional 21,165 shares during the period. Finally, Prudential PLC bought a new position in shares of Xylem in the first quarter valued at approximately $333,000. 83.57% of the stock is currently owned by institutional investors and hedge funds.

Xylem Trading Up 1.1 %

Shares of Xylem stock opened at $102.25 on Friday. Xylem Inc. has a 52-week low of $72.08 and a 52-week high of $118.58. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.89 and a quick ratio of 1.39. The company’s fifty day moving average price is $107.53 and its two-hundred day moving average price is $103.09. The firm has a market capitalization of $18.43 billion, a PE ratio of 52.17, a price-to-earnings-growth ratio of 2.63 and a beta of 1.07.

Xylem (NYSE:XYL – Get Rating) last issued its earnings results on Tuesday, February 7th. The industrial products company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.79 by $0.13. Xylem had a net margin of 6.43% and a return on equity of 15.72%. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the previous year, the company earned $0.63 EPS. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. On average, analysts expect that Xylem Inc. will post 3.2 EPS for the current year.

Xylem Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 22nd. Stockholders of record on Wednesday, February 22nd will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Tuesday, February 21st. This is an increase from Xylem’s previous quarterly dividend of $0.30. Xylem’s payout ratio is currently 67.35%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on XYL shares. Citigroup dropped their price target on shares of Xylem from $123.00 to $121.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 8th. Raymond James lowered shares of Xylem from a “market perform” rating to an “underperform” rating in a research report on Wednesday, January 4th. StockNews.com lowered shares of Xylem from a “buy” rating to a “hold” rating in a research report on Friday, February 17th. Cowen boosted their target price on shares of Xylem from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 14th. Finally, Atlantic Securities raised shares of Xylem from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $110.00 to $129.00 in a research report on Wednesday, November 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Xylem presently has a consensus rating of “Hold” and a consensus price target of $114.80.

About Xylem

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Xylem, Inc engages in the design, manufacture, and application of engineered technologies for the water industry. It operates through the following business segments: Water Infrastructure, Applied Water, and Measurement and Control Solutions. The Water Infrastructure segment focuses on the transportation, treatment and testing of water.