Steward Partners Investment Advisory LLC Boosts Stock Position in Xylem Inc. (NYSE:XYL)

Steward Partners Investment Advisory LLC raised its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 13.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,709 shares of the industrial products company's stock after buying an additional 2,298 shares during the quarter. Steward Partners Investment Advisory LLC's holdings in Xylem were worth $2,287,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new position in shares of Xylem during the fourth quarter worth about $36,000. SRS Capital Advisors Inc. grew its stake in Xylem by 69.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company's stock worth $37,000 after buying an additional 130 shares in the last quarter. Pathway Financial Advisers LLC increased its holdings in shares of Xylem by 122.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company's stock worth $37,000 after buying an additional 175 shares during the last quarter. Assetmark Inc. raised 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 valued at $43,000 after buying an additional 311 shares in the last quarter. Finally, Versant Capital Management Inc grew its position in Xylem by 318.2% in the fourth 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. 87.96% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

A number of brokerages recently weighed in on XYL. Stifel Nicolaus decreased their price objective on Xylem from $166.00 to $150.00 and set a "buy" rating on the stock in a report on Friday, January 24th. Citigroup cut shares of Xylem from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Robert W. Baird upped their price target on shares of Xylem from $139.00 to $148.00 and gave the company an "outperform" rating in a research report on Wednesday, February 5th. Finally, Wolfe Research reiterated a "peer perform" rating on shares of Xylem in a report on Thursday, December 12th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Xylem presently has an average rating of "Moderate Buy" and a consensus target price of $149.90.

Xylem Trading Down 0.5 %

NYSE XYL traded down $0.66 on Wednesday, hitting $122.97. The company's stock had a trading volume of 575,391 shares, compared to its average volume of 1,408,209. The firm has a market cap of $29.89 billion, a P/E ratio of 33.63, a PEG ratio of 2.33 and a beta of 1.08. Xylem Inc. has a 52-week low of $113.26 and a 52-week high of $146.08. The company's 50-day simple moving average is $124.39 and its 200 day simple moving average is $126.86. 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 announced its quarterly earnings results 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 during the quarter, compared to analyst estimates of $2.18 billion. During the same quarter last year, the firm posted $0.99 earnings per share. The firm's revenue was up 8.6% on a year-over-year basis. Research analysts predict that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th will be issued 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 is Tuesday, February 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.30%. Xylem's dividend payout ratio 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.