Headinvest LLC Buys 132 Shares of Xylem Inc. (NYSE:XYL)

by · The Markets Daily

Headinvest LLC lifted its stake in shares of Xylem Inc. (NYSE:XYL – Free Report) by 1.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,367 shares of the industrial products company’s stock after purchasing an additional 132 shares during the period. Headinvest LLC’s holdings in Xylem were worth $855,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Dempze Nancy E lifted its stake in Xylem by 0.3% in the fourth quarter. Dempze Nancy E now owns 25,761 shares of the industrial products company’s stock valued at $2,989,000 after acquiring an additional 88 shares during the last quarter. Townsquare Capital LLC increased its stake in shares of Xylem by 0.8% during the fourth quarter. Townsquare Capital LLC now owns 11,074 shares of the industrial products company’s stock worth $1,285,000 after purchasing an additional 88 shares during the period. Keel Point LLC lifted its holdings in Xylem by 4.1% during the 4th quarter. Keel Point LLC now owns 2,371 shares of the industrial products company’s stock worth $275,000 after purchasing an additional 93 shares during the last quarter. Clear Creek Financial Management LLC boosted its stake in Xylem by 4.3% in the 4th quarter. Clear Creek Financial Management LLC now owns 2,315 shares of the industrial products company’s stock valued at $269,000 after purchasing an additional 96 shares during the period. Finally, Bleakley Financial Group LLC grew its holdings in Xylem by 2.3% in the 4th quarter. Bleakley Financial Group LLC now owns 4,359 shares of the industrial products company’s stock valued at $506,000 after buying an additional 96 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Stock Down 1.0%

NYSE:XYL opened at $125.69 on Thursday. The firm’s 50 day simple moving average is $117.46 and its 200 day simple moving average is $121.48. The company has a market cap of $30.59 billion, a PE ratio of 34.34, a P/E/G ratio of 2.33 and a beta of 1.10. Xylem Inc. has a one year low of $100.47 and a one year high of $145.89. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33.

Xylem (NYSE:XYL – Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.08. The company had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The business’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.90 earnings per share. On average, research analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, May 29th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Thursday, May 29th. Xylem’s dividend payout ratio is presently 43.01%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on XYL. Citigroup reduced their target price 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. Robert W. Baird cut their price objective on shares of Xylem from $149.00 to $146.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th. Raymond James raised shares of Xylem to a “hold” rating in a report on Thursday, May 15th. Stifel Nicolaus lifted 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. Finally, Royal Bank of Canada increased their price target on Xylem from $143.00 to $147.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $146.88.

View Our Latest Stock Analysis on Xylem

Xylem Company Profile

(Free Report)

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.

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