Illumine Investment Management LLC Invests $1.77 Million in Xylem Inc. (NYSE:XYL)

Illumine Investment Management LLC purchased a new position in shares of Xylem Inc. (NYSE:XYL) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 15,248 shares of the industrial products company’s stock, valued at approximately $1,769,000. Xylem makes up approximately 1.5% of Illumine Investment Management LLC’s holdings, making the stock its 28th biggest position.

A number of other hedge funds have also made changes to their positions in XYL. QRG Capital Management Inc. lifted its stake in Xylem by 11.8% in the fourth quarter. QRG Capital Management Inc. now owns 17,090 shares of the industrial products company’s stock valued at $1,983,000 after buying an additional 1,809 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Xylem in the fourth quarter valued at $11,051,000. Oppenheimer & Co. Inc. lifted its stake in Xylem by 0.7% in the fourth quarter. Oppenheimer & Co. Inc. now owns 73,523 shares of the industrial products company’s stock valued at $8,530,000 after buying an additional 529 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in Xylem by 25.7% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 87,018 shares of the industrial products company’s stock valued at $10,096,000 after buying an additional 17,799 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its stake in shares of Xylem by 1.7% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 94,035 shares of the industrial products company’s stock valued at $10,910,000 after purchasing an additional 1,600 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Analyst Upgrades and Downgrades

XYL has been the topic of a number of recent analyst reports. Citigroup cut shares of Xylem from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Wolfe Research reissued a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Robert W. Baird lifted their price target on Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Stifel Nicolaus dropped their price target 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, TD Cowen decreased their price objective on Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $149.90.

Xylem Trading Up 0.4 %

Shares of XYL stock opened at $129.00 on Friday. Xylem Inc. has a 12 month low of $113.26 and a 12 month high of $146.08. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. The company has a market cap of $31.34 billion, a PE ratio of 35.25, a price-to-earnings-growth ratio of 2.33 and a beta of 1.07. The business’s 50 day moving average is $122.60 and its two-hundred day moving average is $127.21.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.06. The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.18 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. Xylem’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.99 earnings per share. Equities analysts predict that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This is a boost from Xylem’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.24%. Xylem’s dividend payout ratio (DPR) is presently 43.72%.

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.