Redmond Asset Management LLC Purchases 574 Shares of Xylem Inc. (NYSE:XYL)

Redmond Asset Management LLC boosted its holdings in Xylem Inc. (NYSE:XYL) by 2.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,384 shares of the industrial products company’s stock after purchasing an additional 574 shares during the quarter. Redmond Asset Management LLC’s holdings in Xylem were worth $3,293,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Heck Capital Advisors LLC purchased a new position in Xylem during the fourth quarter valued at $36,000. Pathway Financial Advisers LLC grew its position in shares of 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. Assetmark Inc. increased its holdings in shares of Xylem by 3,887.5% in the third quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 311 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of Xylem by 318.2% in the fourth quarter. Versant Capital Management Inc now owns 368 shares of the industrial products company’s stock worth $43,000 after buying an additional 280 shares in the last quarter. Finally, Catalyst Capital Advisors LLC boosted its stake in Xylem by 226.0% during the third quarter. Catalyst Capital Advisors LLC now owns 339 shares of the industrial products company’s stock valued at $46,000 after buying an additional 235 shares during the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on XYL. Robert W. Baird lifted their price objective on Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Royal Bank of Canada lowered their price objective on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. TD Cowen dropped their price objective on shares of Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Citigroup cut shares of Xylem from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, Stifel Nicolaus reduced their price objective on Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $149.90.

Xylem Stock Performance

Shares of NYSE:XYL opened at $127.32 on Friday. The firm’s 50 day simple moving average is $121.81 and its 200-day simple moving average is $127.19. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. Xylem Inc. has a one year low of $113.26 and a one year high of $146.08. The firm has a market cap of $30.93 billion, a PE ratio of 34.79, a price-to-earnings-growth ratio of 2.33 and a beta of 1.07.

Xylem (NYSE:XYL) last issued its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.06. The business had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.18 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.99 EPS. As a group, equities analysts predict that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.40 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.60 dividend on an annualized basis and a yield of 1.26%. This is a positive change from Xylem’s previous quarterly dividend of $0.36. Xylem’s dividend payout ratio is currently 43.72%.

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.