Team Hewins LLC Acquires New Stake in Xylem Inc. (NYSE:XYL)

Team Hewins LLC bought a new position in Xylem Inc. (NYSE:XYL) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,263 shares of the industrial products company’s stock, valued at approximately $259,000.

Several other institutional investors and hedge funds have also made changes to their positions in XYL. NBC Securities Inc. bought a new position in shares of Xylem during the 3rd quarter worth $38,000. Ieq Capital LLC raised its holdings in shares of Xylem by 30.0% in the 3rd quarter. Ieq Capital LLC now owns 6,774 shares of the industrial products company’s stock valued at $617,000 after purchasing an additional 1,565 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Xylem by 140.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 181,751 shares of the industrial products company’s stock worth $16,545,000 after purchasing an additional 106,183 shares during the period. LGT Group Foundation boosted its stake in shares of Xylem by 55.9% during the third quarter. LGT Group Foundation now owns 18,354 shares of the industrial products company’s stock valued at $1,685,000 after purchasing an additional 6,582 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Xylem by 9.3% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 215,386 shares of the industrial products company’s stock worth $19,607,000 after buying an additional 18,297 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on XYL shares. Oppenheimer increased their target price on Xylem from $142.00 to $147.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Royal Bank of Canada lifted their target price on Xylem from $157.00 to $162.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Mizuho increased their price target on shares of Xylem from $110.00 to $135.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Robert W. Baird lifted their price objective on shares of Xylem from $151.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Finally, Stifel Nicolaus boosted their price objective on shares of Xylem from $136.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Xylem has a consensus rating of “Moderate Buy” and an average price target of $140.70.

Xylem Stock Performance

Shares of XYL stock traded up $0.53 during mid-day trading on Friday, reaching $144.25. The stock had a trading volume of 1,477,073 shares, compared to its average volume of 1,323,531. Xylem Inc. has a 1-year low of $87.59 and a 1-year high of $146.08. The firm has a market cap of $34.97 billion, a price-to-earnings ratio of 51.33, a PEG ratio of 2.69 and a beta of 1.08. The company has a current ratio of 1.67, a quick ratio of 1.22 and a debt-to-equity ratio of 0.19. The business’s fifty day moving average is $133.44 and its 200-day moving average is $120.71.

Xylem (NYSE:XYL) last issued its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.06. Xylem had a net margin of 8.34% and a return on equity of 8.95%. The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2 billion. During the same quarter in the prior year, the company earned $0.72 EPS. Xylem’s quarterly revenue was up 40.4% on a year-over-year basis. On average, research analysts forecast that Xylem Inc. will post 4.24 earnings per share for the current year.

Xylem Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be given a dividend of $0.36 per share. The ex-dividend date is Thursday, May 30th. This represents a $1.44 dividend on an annualized basis and a yield of 1.00%. Xylem’s dividend payout ratio is presently 51.25%.

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.