Illumine Investment Management LLC Purchases New Shares in Xylem Inc. (NYSE:XYL)

Illumine Investment Management LLC bought a new position in shares of Xylem Inc. (NYSE:XYL - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,248 shares of the industrial products company's stock, valued at approximately $1,769,000. Xylem makes up 1.5% of Illumine Investment Management LLC's investment portfolio, making the stock its 28th largest holding.

Several other hedge funds also recently made changes to their positions in the business. Heck Capital Advisors LLC acquired a new position in Xylem in the fourth quarter valued at about $36,000. Pathway Financial Advisers LLC lifted its holdings in shares of Xylem by 122.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company's stock worth $37,000 after acquiring an additional 175 shares during the period. Assetmark Inc. boosted its position in shares of Xylem by 3,887.5% during the 3rd quarter. Assetmark Inc. now owns 319 shares of the industrial products company's stock worth $43,000 after acquiring an additional 311 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Xylem by 318.2% during the 4th quarter. Versant Capital Management Inc now owns 368 shares of the industrial products company's stock worth $43,000 after acquiring an additional 280 shares in the last quarter. Finally, Catalyst Capital Advisors LLC increased its stake in Xylem by 226.0% in the third quarter. Catalyst Capital Advisors LLC now owns 339 shares of the industrial products company's stock valued at $46,000 after acquiring an additional 235 shares during the last quarter. 87.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on XYL shares. Robert W. Baird raised their target price on Xylem from $139.00 to $148.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Stifel Nicolaus dropped their target price 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. Wolfe Research reiterated a "peer perform" rating on shares of Xylem in a research report on Thursday, December 12th. TD Cowen decreased their target price on shares of Xylem from $138.00 to $125.00 and set a "hold" rating on the stock in a research note on Wednesday, November 6th. Finally, Citigroup lowered Xylem from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $149.90.

Xylem Stock Down 2.4 %

XYL stock traded down $3.06 during midday trading on Tuesday, reaching $126.72. 1,818,905 shares of the company's stock traded hands, compared to its average volume of 1,195,692. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. The firm's fifty day moving average price is $123.12 and its 200-day moving average price is $127.15. Xylem Inc. has a 52 week low of $113.26 and a 52 week high of $146.08. The company has a market cap of $30.79 billion, a price-to-earnings ratio of 34.62, a P/E/G ratio of 2.33 and a beta of 1.07.

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

Xylem Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th will be given a dividend of $0.40 per share. This is a boost from Xylem's previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, February 18th. This represents a $1.60 annualized dividend and a dividend yield of 1.26%. Xylem's payout ratio is presently 43.72%.

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.