Samjo Management LLC Invests $2.35 Million in Xylem Inc. (NYSE:XYL)

Samjo Management LLC bought a new stake in Xylem Inc. (NYSE:XYL - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 20,240 shares of the industrial products company's stock, valued at approximately $2,348,000. Xylem accounts for about 0.9% of Samjo Management LLC's investment portfolio, making the stock its 25th biggest holding.

Several other hedge funds have also added to or reduced their stakes in XYL. Public Sector Pension Investment Board boosted its stake in shares of Xylem by 12.8% in the 3rd quarter. Public Sector Pension Investment Board now owns 10,610 shares of the industrial products company's stock valued at $1,433,000 after purchasing an additional 1,200 shares in the last quarter. Paloma Partners Management Co bought a new stake in Xylem in the third quarter valued at approximately $202,000. Benjamin Edwards Inc. acquired a new position in Xylem in the third quarter valued at $1,550,000. HighTower Advisors LLC boosted its position in Xylem by 2.0% during the third quarter. HighTower Advisors LLC now owns 85,930 shares of the industrial products company's stock valued at $11,601,000 after acquiring an additional 1,725 shares during the last quarter. Finally, Investment Management Corp of Ontario grew its holdings in Xylem by 47.8% during the 3rd quarter. Investment Management Corp of Ontario now owns 8,037 shares of the industrial products company's stock worth $1,085,000 after acquiring an additional 2,600 shares during the period. Institutional investors and hedge funds own 87.96% of the company's stock.

Analysts Set New Price Targets

XYL has been the topic of several research analyst reports. Stifel Nicolaus cut their target price on Xylem from $166.00 to $150.00 and set a "buy" rating on the stock in a research report on Friday, January 24th. Robert W. Baird raised their price objective on shares of Xylem from $139.00 to $148.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 5th. Wolfe Research reiterated a "peer perform" rating on shares of Xylem in a research report on Thursday, December 12th. Finally, Citigroup cut shares of Xylem from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Xylem has a consensus rating of "Moderate Buy" and a consensus target price of $149.89.

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Xylem Stock Down 2.5 %

Xylem stock traded down $2.76 during trading on Thursday, hitting $107.74. 935,662 shares of the company were exchanged, compared to its average volume of 1,364,485. The company has a market capitalization of $26.22 billion, a P/E ratio of 29.19, a PEG ratio of 2.33 and a beta of 1.08. The business's 50 day moving average is $123.43 and its 200 day moving average is $124.37. Xylem Inc. has a 52 week low of $100.47 and a 52 week high of $146.08. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $2.18 billion. During the same period last year, the firm earned $0.99 earnings per share. The firm's revenue was up 8.6% on a year-over-year basis. Analysts predict that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The company also recently declared 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. This is an increase from Xylem's previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.60 annualized dividend and a dividend yield of 1.49%. Xylem's dividend 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.