Xylem Inc. (NYSE:XYL) Shares Bought by Middleton & Co. Inc. MA

Middleton & Co. Inc. MA increased its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 3.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 78,739 shares of the industrial products company's stock after acquiring an additional 2,775 shares during the period. Middleton & Co. Inc. MA's holdings in Xylem were worth $9,135,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of XYL. Swedbank AB grew its holdings in Xylem by 22.8% during the third quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company's stock worth $403,953,000 after acquiring an additional 554,609 shares during the period. Valmark Advisers Inc. acquired a new stake in Xylem in the third quarter valued at $216,000. New York State Teachers Retirement System grew its holdings in Xylem by 1.5% in the third quarter. New York State Teachers Retirement System now owns 182,388 shares of the industrial products company's stock valued at $24,628,000 after purchasing an additional 2,609 shares during the last quarter. First Trust Direct Indexing L.P. grew its holdings in Xylem by 0.9% in the third quarter. First Trust Direct Indexing L.P. now owns 9,070 shares of the industrial products company's stock valued at $1,225,000 after purchasing an additional 78 shares during the last quarter. Finally, New York State Common Retirement Fund grew its holdings in Xylem by 0.8% in the third quarter. New York State Common Retirement Fund now owns 368,047 shares of the industrial products company's stock valued at $49,697,000 after purchasing an additional 2,997 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company's stock.

Analyst Upgrades and Downgrades

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

Xylem Trading Up 1.9 %

NYSE XYL traded up $2.42 during trading hours on Wednesday, hitting $129.74. 1,521,067 shares of the company's stock were exchanged, compared to its average volume of 1,197,541. The business's 50 day moving average is $123.29 and its 200-day moving average is $127.10. Xylem Inc. has a 12-month low of $113.26 and a 12-month high of $146.08. The firm has a market capitalization of $31.52 billion, a P/E ratio of 35.45, a price-to-earnings-growth ratio of 2.33 and a beta of 1.07. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76.

Xylem (NYSE:XYL - Get Free Report) last released its earnings results 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. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the prior year, the business posted $0.99 earnings per share. The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. 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 will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.23%. This is an increase from Xylem's previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, February 18th. Xylem's dividend payout ratio (DPR) is 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.