ELCO Management Co. LLC Has $1.12 Million Stock Holdings in Xylem Inc. (NYSE:XYL)

ELCO Management Co. LLC raised its position in Xylem Inc. (NYSE:XYL - Free Report) by 67.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,624 shares of the industrial products company's stock after purchasing an additional 3,882 shares during the period. ELCO Management Co. LLC's holdings in Xylem were worth $1,117,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of XYL. Vanguard Group Inc. grew its holdings in Xylem by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 28,644,417 shares of the industrial products company's stock valued at $3,323,325,000 after buying an additional 303,854 shares during the period. Geode Capital Management LLC grew its holdings in Xylem by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 5,804,247 shares of the industrial products company's stock valued at $671,623,000 after purchasing an additional 135,492 shares during the period. Impax Asset Management Group plc increased its position in Xylem by 231.5% during the fourth quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company's stock worth $644,039,000 after purchasing an additional 3,883,845 shares during the last quarter. Invesco Ltd. raised its stake in Xylem by 9.8% during the fourth quarter. Invesco Ltd. now owns 4,009,907 shares of the industrial products company's stock worth $465,229,000 after purchasing an additional 359,276 shares during the period. Finally, Swedbank AB grew its stake in shares of Xylem by 23.1% during the 4th quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company's stock valued at $427,325,000 after buying an additional 691,618 shares during the period. 87.96% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

XYL has been the subject of a number of research reports. Citigroup downgraded Xylem from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Stifel Nicolaus reduced their price objective on Xylem from $166.00 to $150.00 and set a "buy" rating on the stock in a research note on Friday, January 24th. Finally, Robert W. Baird raised their target price on Xylem from $139.00 to $148.00 and gave the company an "outperform" rating in a research note 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 a consensus rating of "Moderate Buy" and a consensus price target of $149.89.

Xylem Stock Down 0.1 %

XYL stock traded down $0.12 during midday trading on Monday, reaching $108.94. The company had a trading volume of 350,212 shares, compared to its average volume of 1,372,386. The company has a 50 day moving average of $122.72 and a two-hundred day moving average of $123.95. 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 Inc. has a 1 year low of $100.47 and a 1 year high of $146.08. The company has a market capitalization of $26.51 billion, a P/E ratio of 29.77, a PEG ratio of 2.33 and a beta of 1.08.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share 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%. The business's quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the business earned $0.99 EPS. On average, equities research analysts expect that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Increases Dividend

The company also recently disclosed 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 is an increase from Xylem's previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend was Tuesday, February 18th. Xylem's dividend payout ratio is currently 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.