Summit Financial LLC Invests $675,000 in Xylem Inc. (NYSE:XYL)

Summit Financial LLC acquired a new position in Xylem Inc. (NYSE:XYL - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,820 shares of the industrial products company's stock, valued at approximately $675,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Public Sector Pension Investment Board lifted its holdings in Xylem by 12.8% during the 3rd quarter. Public Sector Pension Investment Board now owns 10,610 shares of the industrial products company's stock worth $1,433,000 after buying an additional 1,200 shares in the last quarter. Paloma Partners Management Co purchased a new position in Xylem in the third quarter valued at $202,000. Benjamin Edwards Inc. acquired a new position in Xylem during the 3rd quarter worth $1,550,000. Hilltop Holdings Inc. increased its holdings in Xylem by 66.2% during the 3rd quarter. Hilltop Holdings Inc. now owns 8,305 shares of the industrial products company's stock worth $1,121,000 after purchasing an additional 3,308 shares during the period. Finally, HighTower Advisors LLC raised its position in Xylem by 2.0% in the 3rd quarter. HighTower Advisors LLC now owns 85,930 shares of the industrial products company's stock valued at $11,601,000 after purchasing an additional 1,725 shares in the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on XYL. Citigroup lowered shares of Xylem from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Wolfe Research restated a "peer perform" rating on shares of Xylem in a report on Thursday, December 12th. Stifel Nicolaus dropped their target price on Xylem from $166.00 to $150.00 and set a "buy" rating on the stock in a report on Friday, January 24th. Finally, Robert W. Baird lifted their price target on Xylem from $139.00 to $148.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Xylem presently has an average rating of "Moderate Buy" and a consensus target price of $149.89.

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Xylem Stock Performance

NYSE XYL traded down $6.53 during trading hours on Friday, hitting $104.46. The company had a trading volume of 2,835,463 shares, compared to its average volume of 1,335,696. The business has a 50 day moving average of $125.04 and a 200-day moving average of $125.35. The company has a market cap of $25.39 billion, a PE ratio of 28.54, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. Xylem Inc. has a 1-year low of $104.32 and a 1-year high of $146.08. 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 announced its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.30 billion during the quarter, compared to analysts' expectations of $2.18 billion. During the same period in the prior year, the firm earned $0.99 EPS. The business's revenue was up 8.6% on a year-over-year basis. As a group, equities research analysts expect that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th were given a $0.40 dividend. 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 yield of 1.53%. Xylem's dividend payout ratio is 43.72%.

About Xylem

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.