Broderick Brian C Acquires 3,286 Shares of Xylem Inc. (NYSE:XYL)

Broderick Brian C boosted its position in shares of Xylem Inc. (NYSE:XYL - Free Report) by 4.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 74,636 shares of the industrial products company's stock after acquiring an additional 3,286 shares during the quarter. Xylem accounts for 1.7% of Broderick Brian C's portfolio, making the stock its 23rd biggest holding. Broderick Brian C's holdings in Xylem were worth $8,659,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Lee Danner & Bass Inc. purchased a new position in shares of Xylem during the 4th quarter worth $30,000. Rialto Wealth Management LLC bought a new position in shares of Xylem in the fourth quarter worth about $31,000. Heck Capital Advisors LLC purchased a new position in shares of Xylem during the 4th quarter valued at about $36,000. SRS Capital Advisors Inc. grew its stake in shares of Xylem by 69.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 130 shares during the period. Finally, Pathway Financial Advisers LLC increased its holdings in 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 acquiring an additional 175 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company's stock.

Analysts Set New Price Targets

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

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Xylem Trading Down 1.2 %

NYSE XYL traded down $1.19 during trading hours on Wednesday, hitting $101.68. 816,396 shares of the company were exchanged, compared to its average volume of 1,355,249. The stock has a market cap of $24.74 billion, a PE ratio of 27.78, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. Xylem Inc. has a 52 week low of $99.64 and a 52 week high of $146.08. The stock has a 50-day moving average price of $123.93 and a 200 day moving average price of $124.63. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.12 by $0.06. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.18 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. Xylem's revenue was up 8.6% on a year-over-year basis. During the same period last year, the company earned $0.99 earnings per share. Analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.57%. This is an increase from Xylem's previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Tuesday, February 18th. 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.