HighPoint Advisor Group LLC Acquires 4,480 Shares of Xylem Inc. (NYSE:XYL)

HighPoint Advisor Group LLC raised its stake in Xylem Inc. (NYSE:XYL - Free Report) by 101.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,881 shares of the industrial products company's stock after buying an additional 4,480 shares during the period. HighPoint Advisor Group LLC's holdings in Xylem were worth $1,117,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Franklin Resources Inc. raised its holdings in shares of Xylem by 6.3% during the fourth quarter. Franklin Resources Inc. now owns 1,698,768 shares of the industrial products company's stock valued at $197,091,000 after acquiring an additional 101,111 shares during the period. B. Metzler seel. Sohn & Co. AG lifted its holdings in shares of Xylem by 0.8% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 389,290 shares of the industrial products company's stock valued at $45,166,000 after purchasing an additional 2,936 shares in the last quarter. Summit Financial LLC acquired a new stake in shares of Xylem in the fourth quarter worth $675,000. AIA Group Ltd grew its holdings in shares of Xylem by 7.5% during the fourth quarter. AIA Group Ltd now owns 2,017 shares of the industrial products company's stock valued at $234,000 after buying an additional 140 shares in the last quarter. Finally, Martin Currie Ltd. raised its position in Xylem by 54.6% during the fourth quarter. Martin Currie Ltd. now owns 11,120 shares of the industrial products company's stock valued at $1,290,000 after buying an additional 3,927 shares during the period. Institutional investors and hedge funds own 87.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Robert W. Baird raised their price objective on Xylem from $139.00 to $148.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 5th. Stifel Nicolaus decreased their price target on shares of Xylem from $166.00 to $150.00 and set a "buy" rating for the company in a report on Friday, January 24th. Citigroup lowered shares of Xylem from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Finally, Wolfe Research reissued a "peer perform" rating on shares of Xylem in a research note on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $149.89.

Xylem Stock Down 5.9 %

Xylem stock traded down $6.53 during mid-day trading on Friday, hitting $104.46. 2,835,463 shares of the company's stock were exchanged, compared to its average volume of 1,338,023. Xylem Inc. has a 1-year low of $104.24 and a 1-year high of $146.08. The stock has a 50 day moving average of $125.04 and a two-hundred day moving average of $125.29. The stock has a market cap of $25.39 billion, a P/E ratio of 28.54, a P/E/G ratio of 2.33 and a beta of 1.08. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19.

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

Xylem Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.53%. This is a boost from Xylem's previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Tuesday, February 18th. Xylem's payout ratio is presently 43.72%.

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.