Figure 8 Investment Strategies LLC Invests $2.33 Million in Xylem Inc. (NYSE:XYL)

Figure 8 Investment Strategies LLC acquired a new position in Xylem Inc. (NYSE:XYL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 20,068 shares of the industrial products company's stock, valued at approximately $2,328,000. Xylem makes up 2.3% of Figure 8 Investment Strategies LLC's investment portfolio, making the stock its 18th largest position.

Other institutional investors also recently bought and sold shares of the company. CWM LLC grew its stake in shares of Xylem by 1.8% during the 3rd quarter. CWM LLC now owns 8,255 shares of the industrial products company's stock valued at $1,115,000 after acquiring an additional 145 shares during the period. Creative Planning grew its stake in shares of Xylem by 9.8% during the 3rd quarter. Creative Planning now owns 28,515 shares of the industrial products company's stock valued at $3,850,000 after acquiring an additional 2,536 shares during the period. NBC Securities Inc. grew its stake in shares of Xylem by 32.1% during the 3rd quarter. NBC Securities Inc. now owns 576 shares of the industrial products company's stock valued at $77,000 after acquiring an additional 140 shares during the period. Swedbank AB grew its stake in shares of Xylem by 22.8% during the 3rd quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company's stock valued at $403,953,000 after acquiring an additional 554,609 shares during the period. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd grew its stake in shares of Xylem by 7.4% during the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 37,137 shares of the industrial products company's stock valued at $5,015,000 after acquiring an additional 2,546 shares during the period. 87.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on XYL shares. Stifel Nicolaus dropped their price target on Xylem from $166.00 to $150.00 and set a "buy" rating for the company in a research note on Friday, January 24th. TD Cowen dropped their price target on Xylem from $138.00 to $125.00 and set a "hold" rating for the company in a research note on Wednesday, November 6th. Citigroup downgraded Xylem from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Wolfe Research restated a "peer perform" rating on shares of Xylem in a research note on Thursday, December 12th. Finally, Robert W. Baird upped 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 investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $149.90.

Xylem Stock Up 0.8 %

Shares of XYL traded up $1.05 during midday trading on Tuesday, reaching $130.43. 1,132,052 shares of the stock were exchanged, compared to its average volume of 1,361,140. Xylem Inc. has a 52 week low of $113.26 and a 52 week high of $146.08. The company has a current ratio of 1.76, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. The company's 50 day moving average is $121.36 and its two-hundred day moving average is $127.14. The company has a market capitalization of $31.69 billion, a P/E ratio of 35.64, a PEG ratio of 2.36 and a beta of 1.07.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the prior year, the company earned $0.99 EPS. The business's revenue was up 8.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Xylem Inc. will post 4.66 earnings per share for the current year.

Xylem Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.23%. This is a boost from Xylem's previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, February 18th. Xylem's dividend payout ratio (DPR) is presently 39.34%.

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.