5,068 Shares in Xylem Inc. (NYSE:XYL) Acquired by Biltmore Wealth Management LLC

Biltmore Wealth Management LLC purchased a new stake in Xylem Inc. (NYSE:XYL) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 5,068 shares of the industrial products company’s stock, valued at approximately $605,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Dempze Nancy E raised its holdings in Xylem by 0.3% in the 4th quarter. Dempze Nancy E now owns 25,761 shares of the industrial products company’s stock valued at $2,989,000 after acquiring an additional 88 shares in the last quarter. Townsquare Capital LLC increased its position in shares of Xylem by 0.8% in the fourth quarter. Townsquare Capital LLC now owns 11,074 shares of the industrial products company’s stock worth $1,285,000 after purchasing an additional 88 shares during the period. Keel Point LLC raised its stake in Xylem by 4.1% in the fourth quarter. Keel Point LLC now owns 2,371 shares of the industrial products company’s stock valued at $275,000 after purchasing an additional 93 shares in the last quarter. SageView Advisory Group LLC lifted its position in Xylem by 3.6% during the fourth quarter. SageView Advisory Group LLC now owns 2,790 shares of the industrial products company’s stock worth $324,000 after purchasing an additional 98 shares during the period. Finally, Larson Financial Group LLC grew its stake in Xylem by 24.0% during the fourth quarter. Larson Financial Group LLC now owns 521 shares of the industrial products company’s stock worth $60,000 after buying an additional 101 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on XYL. Raymond James upgraded shares of Xylem to a “hold” rating in a research report on Thursday, May 15th. Robert W. Baird cut their target price on Xylem from $149.00 to $146.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. JPMorgan Chase & Co. started coverage on Xylem in a report on Friday, May 30th. They issued an “overweight” rating and a $148.00 target price on the stock. Stifel Nicolaus boosted their price target on Xylem from $140.00 to $141.00 and gave the stock a “buy” rating in a report on Wednesday, April 30th. Finally, Citigroup dropped their price objective on Xylem from $152.00 to $134.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $143.71.

Xylem Stock Down 1.5%

Shares of XYL opened at $125.35 on Friday. 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 Inc. has a 52 week low of $100.47 and a 52 week high of $143.50. The stock has a market capitalization of $30.50 billion, a price-to-earnings ratio of 34.25, a PEG ratio of 2.33 and a beta of 1.13. The stock has a fifty day moving average of $120.52 and a 200-day moving average of $121.73.

Xylem (NYSE:XYL) last posted its earnings results on Tuesday, April 29th. The industrial products company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.95 by $0.08. The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.04 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The business’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period last year, the company earned $0.90 earnings per share. As a group, sell-side analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.28%. The ex-dividend date is Thursday, May 29th. Xylem’s dividend payout ratio (DPR) is currently 43.01%.

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.