Xylem Inc. (NYSE:XYL) Shares Purchased by Canopy Partners LLC

Canopy Partners LLC raised its stake in Xylem Inc. (NYSE:XYL) by 25.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,461 shares of the industrial products company’s stock after acquiring an additional 713 shares during the period. Canopy Partners LLC’s holdings in Xylem were worth $402,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Lee Danner & Bass Inc. acquired a new stake in shares of Xylem during the fourth quarter worth $30,000. Rialto Wealth Management LLC purchased a new stake in Xylem during the fourth quarter valued at about $31,000. Heck Capital Advisors LLC acquired a new position in shares of Xylem in the fourth quarter worth about $36,000. SRS Capital Advisors Inc. raised its holdings in shares of Xylem by 69.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 130 shares during the period. Finally, Pathway Financial Advisers LLC lifted its position in shares of Xylem by 122.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 175 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus cut their target price 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. Wolfe Research reiterated a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Citigroup downgraded Xylem from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, Robert W. Baird raised their price target on Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $149.89.

Xylem Stock Performance

Shares of NYSE XYL opened at $104.46 on Monday. The business’s 50-day simple moving average is $125.04 and its 200-day simple moving average is $125.24. 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 52 week low of $101.98 and a 52 week high of $146.08. The firm has a market cap of $25.42 billion, a price-to-earnings ratio of 28.54, a P/E/G ratio of 2.33 and a beta of 1.08.

Xylem (NYSE:XYL) last announced its quarterly earnings results 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 return on equity of 9.96% and a net margin of 10.40%. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter last year, the company posted $0.99 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, equities research analysts expect that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.40 per share. This is a positive change from Xylem’s previous quarterly dividend of $0.36. The ex-dividend date was Tuesday, February 18th. This represents a $1.60 dividend on an annualized basis and a yield of 1.53%. Xylem’s 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.