2,964 Shares in Xylem Inc. (NYSE:XYL) Purchased by Fayez Sarofim & Co

Fayez Sarofim & Co purchased a new stake in Xylem Inc. (NYSE:XYL - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,964 shares of the industrial products company's stock, valued at approximately $344,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dempze Nancy E raised its stake in Xylem by 0.3% during the fourth quarter. Dempze Nancy E now owns 25,761 shares of the industrial products company's stock worth $2,989,000 after acquiring an additional 88 shares in the last quarter. Townsquare Capital LLC raised its stake in 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 acquiring an additional 88 shares in the last quarter. Clear Creek Financial Management LLC raised its stake in Xylem by 4.3% during the fourth quarter. Clear Creek Financial Management LLC now owns 2,315 shares of the industrial products company's stock worth $269,000 after acquiring an additional 96 shares in the last quarter. Bleakley Financial Group LLC raised its stake in Xylem by 2.3% during the fourth quarter. Bleakley Financial Group LLC now owns 4,359 shares of the industrial products company's stock worth $506,000 after acquiring an additional 96 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC raised its stake in Xylem by 1.3% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 7,868 shares of the industrial products company's stock worth $913,000 after acquiring an additional 98 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on XYL. Stifel Nicolaus lowered their target price on Xylem from $150.00 to $140.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Robert W. Baird raised their price objective on shares of Xylem from $139.00 to $148.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Finally, Citigroup cut their target price on shares of Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $147.33.

Xylem Trading Up 0.5 %

Shares of NYSE:XYL traded up $0.62 during mid-day trading on Friday, reaching $116.23. 1,923,112 shares of the company's stock were exchanged, compared to its average volume of 1,404,520. The firm has a market capitalization of $28.28 billion, a price-to-earnings ratio of 31.76, a PEG ratio of 2.33 and a beta of 1.08. The business's fifty day moving average price is $118.90 and its 200-day moving average price is $122.35. 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 twelve month low of $100.47 and a twelve month high of $146.08.

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

Xylem Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.60 annualized dividend and a dividend yield of 1.38%. This is a positive change from Xylem's previous quarterly dividend of $0.36. Xylem's dividend payout ratio is currently 43.72%.

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.