HITE Hedge Asset Management LLC Invests $2.23 Million in Xylem Inc. (NYSE:XYL)

HITE Hedge Asset Management LLC purchased a new position in shares of Xylem Inc. (NYSE:XYL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 19,199 shares of the industrial products company's stock, valued at approximately $2,227,000.

A number of other large investors have also recently added to or reduced their stakes in XYL. Lee Danner & Bass Inc. purchased a new position in shares of Xylem during the 4th quarter worth approximately $30,000. Rialto Wealth Management LLC purchased a new position in Xylem during the fourth quarter worth $31,000. Heck Capital Advisors LLC acquired a new position in shares of Xylem in the fourth quarter worth $36,000. Pathway Financial Advisers LLC lifted its position in shares of Xylem by 122.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 175 shares in the last quarter. Finally, SRS Capital Advisors Inc. boosted its stake in shares of Xylem by 69.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 130 shares during the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Xylem Trading Up 2.3 %

Shares of XYL stock traded up $2.56 during mid-day trading on Wednesday, reaching $114.26. The company's stock had a trading volume of 704,000 shares, compared to its average volume of 1,390,726. The company's 50 day simple moving average is $119.78 and its 200-day simple moving average is $122.84. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 12-month low of $100.47 and a 12-month high of $146.08. The firm has a market capitalization of $27.81 billion, a PE ratio of 31.22, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08.

Xylem (NYSE:XYL - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 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 company had revenue of $2.30 billion for the quarter, compared to analysts' expectations of $2.18 billion. During the same quarter in the previous year, the firm posted $0.99 earnings per share. The firm's quarterly revenue was up 8.6% on a year-over-year basis. On average, research analysts predict that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.40 per share. The ex-dividend date was Tuesday, February 18th. This is an increase from Xylem's previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 1.40%. Xylem's dividend payout ratio (DPR) is currently 43.72%.

Analyst Ratings Changes

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

Xylem 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.