Hilton Capital Management LLC Takes $5.36 Million Position in Xylem Inc. (NYSE:XYL)

Hilton Capital Management LLC acquired a new position in Xylem Inc. (NYSE:XYL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 46,206 shares of the industrial products company's stock, valued at approximately $5,361,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. State Street Corp grew its holdings in Xylem by 1.9% in the 3rd quarter. State Street Corp now owns 10,329,494 shares of the industrial products company's stock worth $1,394,792,000 after buying an additional 189,820 shares in the last quarter. Geode Capital Management LLC grew its holdings in Xylem by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 5,668,755 shares of the industrial products company's stock worth $762,804,000 after buying an additional 54,877 shares in the last quarter. Impax Asset Management Group plc grew its holdings in Xylem by 231.5% in the 4th quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company's stock worth $644,039,000 after buying an additional 3,883,845 shares in the last quarter. Swedbank AB grew its holdings in Xylem by 23.1% in the 4th quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company's stock worth $427,325,000 after buying an additional 691,618 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Xylem by 1.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,449,307 shares of the industrial products company's stock worth $465,760,000 after buying an additional 32,645 shares in the last quarter. 87.96% of the stock is owned by institutional investors.

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Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Wolfe Research reaffirmed a "peer perform" rating on shares of Xylem in a research note on Thursday, December 12th. Robert W. Baird increased their price target on Xylem from $139.00 to $148.00 and gave the company an "outperform" rating in a research note on Wednesday, February 5th. Citigroup lowered Xylem from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Finally, Stifel Nicolaus decreased 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. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, Xylem has a consensus rating of "Moderate Buy" and a consensus price target of $149.89.

Xylem Price Performance

Shares of XYL traded down $2.21 during trading hours on Tuesday, hitting $120.87. 1,346,585 shares of the company were exchanged, compared to its average volume of 1,209,674. The company has a market capitalization of $29.38 billion, a PE ratio of 33.03, a PEG ratio of 2.33 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. The firm has a fifty day simple moving average of $124.86 and a 200-day simple moving average of $126.48. Xylem Inc. has a one year low of $113.26 and a one year high of $146.08.

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

Xylem Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th will be issued a $0.40 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.32%. This is a positive change from Xylem's previous quarterly dividend of $0.36. Xylem's dividend payout ratio is presently 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.