RD Lewis Holdings Inc. Takes $651,000 Position in Xylem Inc. (NYSE:XYL)

RD Lewis Holdings Inc. bought a new stake in Xylem Inc. (NYSE:XYL) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,611 shares of the industrial products company’s stock, valued at approximately $651,000.

A number of other hedge funds have also modified their holdings of XYL. Rialto Wealth Management LLC acquired a new stake in Xylem during the fourth quarter worth about $31,000. Heck Capital Advisors LLC acquired a new stake in Xylem during the fourth quarter worth about $36,000. Pathway Financial Advisers LLC increased its position in Xylem by 122.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 175 shares during the last quarter. SRS Capital Advisors Inc. increased its position in Xylem by 69.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 130 shares during the last quarter. Finally, Flagship Wealth Advisors LLC acquired a new stake in Xylem during the fourth quarter worth about $39,000. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Xylem Trading Up 0.3 %

NYSE XYL opened at $123.09 on Tuesday. The firm has a 50 day simple moving average of $124.86 and a 200-day simple moving average of $126.48. 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 $29.92 billion, a price-to-earnings ratio of 33.63, a PEG ratio of 2.33 and a beta of 1.08.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.12 by $0.06. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same quarter last year, the firm posted $0.99 earnings per share. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. Equities research analysts anticipate that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th will be paid a $0.40 dividend. This is a positive change from Xylem’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, February 18th. This represents a $1.60 annualized dividend and a dividend yield of 1.30%. Xylem’s dividend payout ratio (DPR) is presently 43.72%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on XYL. Wolfe Research restated a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Citigroup cut shares of Xylem from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Robert W. Baird lifted their price target on shares of Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Finally, Stifel Nicolaus dropped their price target on shares of Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $149.89.

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.