RD Lewis Holdings Inc. Invests $651,000 in Xylem Inc. (NYSE:XYL)

RD Lewis Holdings Inc. acquired a new stake in Xylem Inc. (NYSE:XYL - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 5,611 shares of the industrial products company's stock, valued at approximately $651,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rialto Wealth Management LLC purchased a new stake in Xylem in the fourth quarter valued at approximately $31,000. Heck Capital Advisors LLC purchased a new stake in Xylem in the fourth quarter valued at approximately $36,000. Pathway Financial Advisers LLC raised its stake in shares of Xylem by 122.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company's stock worth $37,000 after purchasing an additional 175 shares during the last quarter. SRS Capital Advisors Inc. raised 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 worth $37,000 after purchasing an additional 130 shares during the last quarter. Finally, Flagship Wealth Advisors LLC purchased a new stake in shares of Xylem during the fourth quarter worth approximately $39,000. Hedge funds and other institutional investors own 87.96% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Robert W. Baird upped their price target on Xylem from $139.00 to $148.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 5th. Wolfe Research restated a "peer perform" rating on shares of Xylem in a research note on Thursday, December 12th. Stifel Nicolaus cut 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. Finally, Citigroup cut Xylem from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $149.89.

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Xylem Trading Down 1.3 %

NYSE XYL traded down $1.57 during trading hours on Friday, hitting $118.27. 2,663,468 shares of the company's stock were exchanged, compared to its average volume of 1,221,711. The business's 50 day moving average is $125.24 and its 200-day moving average is $126.15. 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 $28.75 billion, a P/E ratio of 32.31, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. 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 was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.35%. This is an increase from Xylem's previous quarterly dividend of $0.36. The ex-dividend date was Tuesday, February 18th. Xylem's dividend payout ratio (DPR) is 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.