Callan Family Office LLC Makes New Investment in Xylem Inc. (NYSE:XYL)

Callan Family Office LLC acquired a new stake in Xylem Inc. (NYSE:XYL - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,826 shares of the industrial products company's stock, valued at approximately $328,000.

Other hedge funds have also recently modified their holdings of the company. Heck Capital Advisors LLC bought a new stake in Xylem during the fourth quarter worth $36,000. Pathway Financial Advisers LLC increased its position in shares of Xylem by 122.4% during the 4th 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 during the last quarter. SRS Capital Advisors Inc. raised its stake in shares of Xylem by 69.5% during the 4th 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 period. Assetmark Inc. boosted its holdings in shares of Xylem by 3,887.5% in the 3rd quarter. Assetmark Inc. now owns 319 shares of the industrial products company's stock worth $43,000 after buying an additional 311 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in Xylem by 318.2% during the fourth quarter. Versant Capital Management Inc now owns 368 shares of the industrial products company's stock valued at $43,000 after buying an additional 280 shares during the period. Institutional investors own 87.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on XYL shares. Wolfe Research reaffirmed a "peer perform" rating on shares of Xylem in a research report on Thursday, December 12th. Robert W. Baird upped their price objective on Xylem from $139.00 to $148.00 and gave the company an "outperform" rating in a research note on Wednesday, February 5th. Stifel Nicolaus decreased their target price on Xylem from $166.00 to $150.00 and set a "buy" rating for the company in a research report on Friday, January 24th. Finally, Citigroup cut Xylem from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $149.90.

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Xylem Price Performance

NYSE:XYL traded up $0.18 during trading hours on Wednesday, hitting $123.81. 337,871 shares of the company's stock traded hands, compared to its average volume of 1,201,485. Xylem Inc. has a 52 week low of $113.26 and a 52 week high of $146.08. The business's fifty day simple moving average is $124.39 and its two-hundred day simple moving average is $126.86. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. The firm has a market cap of $30.09 billion, a P/E ratio of 33.85, a P/E/G ratio of 2.33 and a beta of 1.08.

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

Xylem Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.40 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.60 annualized dividend and a yield of 1.29%. This is a positive change from Xylem's previous quarterly dividend of $0.36. Xylem's payout ratio is 43.72%.

Xylem 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.