Strengthening Families & Communities LLC Raises Holdings in Xylem Inc. (NYSE:XYL)

Strengthening Families & Communities LLC grew its position in shares of Xylem Inc. (NYSE:XYL) by 2.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 19,281 shares of the industrial products company’s stock after purchasing an additional 391 shares during the quarter. Xylem accounts for 1.3% of Strengthening Families & Communities LLC’s holdings, making the stock its 25th largest holding. Strengthening Families & Communities LLC’s holdings in Xylem were worth $2,237,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. First Trust Direct Indexing L.P. lifted its holdings in Xylem by 0.9% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 9,070 shares of the industrial products company’s stock worth $1,225,000 after purchasing an additional 78 shares in the last quarter. Angeles Wealth Management LLC lifted its holdings in Xylem by 3.6% during the 3rd quarter. Angeles Wealth Management LLC now owns 2,462 shares of the industrial products company’s stock worth $332,000 after purchasing an additional 86 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Xylem by 6.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,412 shares of the industrial products company’s stock worth $191,000 after purchasing an additional 87 shares in the last quarter. Clear Creek Financial Management LLC lifted its holdings in Xylem by 4.3% during the 4th quarter. Clear Creek Financial Management LLC now owns 2,315 shares of the industrial products company’s stock worth $269,000 after purchasing an additional 96 shares in the last quarter. Finally, Bleakley Financial Group LLC lifted its holdings in Xylem by 2.3% during the 4th quarter. Bleakley Financial Group LLC now owns 4,359 shares of the industrial products company’s stock worth $506,000 after purchasing an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Royal Bank of Canada dropped their price objective on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Stifel Nicolaus dropped their price objective on Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Robert W. Baird upped their target price on Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Wolfe Research restated a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Finally, Citigroup lowered Xylem from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $149.90.

Xylem Price Performance

Shares of Xylem stock opened at $131.24 on Tuesday. The company has a current ratio of 1.76, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $31.88 billion, a PE ratio of 35.86, a price-to-earnings-growth ratio of 2.36 and a beta of 1.07. The business’s 50-day moving average price is $121.03 and its 200-day moving average price is $127.35. Xylem Inc. has a 12 month low of $113.26 and a 12 month high of $146.08.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.12 by $0.06. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.18 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The company’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.99 EPS. Sell-side analysts forecast that Xylem Inc. will post 4.66 EPS for the current fiscal year.

Xylem Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, February 18th. This is a positive change from Xylem’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 1.22%. Xylem’s dividend payout ratio is 39.34%.

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.