C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Buys New Holdings in Xylem Inc. (NYSE:XYL)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of Xylem Inc. (NYSE:XYL) in the 4th quarter, Holdings Channel.com reports. The fund purchased 4,604 shares of the industrial products company’s stock, valued at approximately $534,000.

A number of other large investors also recently modified their holdings of the company. Heck Capital Advisors LLC acquired a new stake in Xylem during the 4th quarter worth approximately $36,000. Assetmark Inc. grew its stake in Xylem by 3,887.5% during the third quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock worth $43,000 after buying an additional 311 shares during the period. Versant Capital Management Inc increased its position in shares of Xylem by 318.2% in the fourth quarter. Versant Capital Management Inc now owns 368 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 280 shares in the last quarter. Catalyst Capital Advisors LLC raised its stake in shares of Xylem by 226.0% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 339 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 235 shares during the period. Finally, Brooklyn Investment Group purchased a new stake in Xylem during the 3rd quarter worth $55,000. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Xylem Stock Up 1.0 %

XYL stock opened at $131.23 on Friday. The company has a market capitalization of $31.88 billion, a P/E ratio of 35.86, a PEG ratio of 2.36 and a beta of 1.07. The firm has a 50 day simple moving average of $121.27 and a 200-day simple moving average of $127.34. The company has a current ratio of 1.76, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. Xylem Inc. has a twelve month low of $113.26 and a twelve 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 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.06. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.18 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the business earned $0.99 EPS. On average, equities research analysts predict that Xylem Inc. will post 4.66 earnings per share for the current fiscal year.

Xylem Increases Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on XYL. Royal Bank of Canada lowered their price target on Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Wolfe Research reiterated a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Stifel Nicolaus decreased their price target on Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a report on Friday, January 24th. TD Cowen lowered their price objective on shares of Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Finally, Citigroup lowered shares of Xylem from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $149.90.

Xylem Company 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.