Exchange Traded Concepts LLC Acquires 19,728 Shares of Xylem Inc. (NYSE:XYL)

Exchange Traded Concepts LLC grew its stake in shares of Xylem Inc. (NYSE:XYL - Free Report) by 226.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 28,452 shares of the industrial products company's stock after buying an additional 19,728 shares during the period. Exchange Traded Concepts LLC's holdings in Xylem were worth $3,301,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Bangor Savings Bank lifted its holdings in shares of Xylem by 56.7% during the 3rd quarter. Bangor Savings Bank now owns 235 shares of the industrial products company's stock worth $32,000 after acquiring an additional 85 shares during the period. Assetmark Inc. lifted its stake in Xylem by 3,887.5% during 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 period. Catalyst Capital Advisors LLC boosted its holdings 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 purchasing an additional 235 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of Xylem by 318.2% in the 4th quarter. Versant Capital Management Inc now owns 368 shares of the industrial products company's stock valued at $43,000 after purchasing an additional 280 shares during the period. Finally, Brooklyn Investment Group bought a new position in shares of Xylem during the 3rd quarter worth approximately $55,000. Institutional investors own 87.96% of the company's stock.

Analyst Upgrades and Downgrades

XYL has been the topic of a number of analyst reports. Robert W. Baird lowered their price target on Xylem from $175.00 to $154.00 and set an "outperform" rating on the stock in a research report on Friday, November 1st. Wolfe Research reiterated a "peer perform" rating on shares of Xylem in a research report on Thursday, December 12th. Royal Bank of Canada reduced their price target on shares of Xylem from $163.00 to $162.00 and set an "outperform" rating on the stock 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 report on Wednesday, November 6th. Finally, Stifel Nicolaus reduced their target price on Xylem from $166.00 to $150.00 and set a "buy" rating on the stock in a report on Friday. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Xylem presently has an average rating of "Moderate Buy" and a consensus target price of $150.50.

Xylem Trading Down 0.0 %

Shares of NYSE XYL traded down $0.05 during midday trading on Friday, hitting $121.53. The stock had a trading volume of 1,066,223 shares, compared to its average volume of 953,177. The firm has a market cap of $29.53 billion, a P/E ratio of 35.54, a price-to-earnings-growth ratio of 2.05 and a beta of 1.06. Xylem Inc. has a fifty-two week low of $111.72 and a fifty-two week high of $146.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.96 and a quick ratio of 1.42. The company's 50-day simple moving average is $120.88 and its 200 day simple moving average is $128.37.

Xylem (NYSE:XYL - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 EPS for the quarter, hitting analysts' consensus estimates of $1.11. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period last year, the company earned $0.99 earnings per share. The company's revenue was up .2% on a year-over-year basis. Research analysts anticipate that Xylem Inc. will post 4.23 EPS for the current year.

Xylem Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, November 26th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date was Tuesday, November 26th. Xylem's dividend payout ratio (DPR) is currently 42.11%.

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.