Tower Research Capital LLC TRC Purchases 5,363 Shares of Xylem Inc. (NYSE:XYL)

Tower Research Capital LLC TRC increased its position in shares of Xylem Inc. (NYSE:XYL) by 45.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,140 shares of the industrial products company’s stock after acquiring an additional 5,363 shares during the period. Tower Research Capital LLC TRC’s holdings in Xylem were worth $1,989,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Lee Danner & Bass Inc. purchased a new position in shares of Xylem during the 4th quarter valued at $30,000. Rialto Wealth Management LLC bought a new stake in Xylem during the fourth quarter valued at $31,000. Heck Capital Advisors LLC purchased a new position in Xylem during the fourth quarter worth about $36,000. Pathway Financial Advisers LLC increased its stake in Xylem by 122.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 175 shares during the last quarter. Finally, SRS Capital Advisors Inc. raised its holdings in shares of Xylem by 69.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 130 shares in the last quarter. Institutional investors own 87.96% of the company’s stock.

Analysts Set New Price Targets

XYL has been the subject of several recent analyst reports. Robert W. Baird boosted their price objective on Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Citigroup cut their price target on shares of Xylem from $152.00 to $134.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Finally, Stifel Nicolaus lowered their price objective on shares of Xylem from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $147.33.

Xylem Trading Up 2.8 %

Shares of XYL stock opened at $111.51 on Wednesday. The business has a 50-day moving average of $119.78 and a 200 day moving average of $122.84. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $146.08. The stock has a market capitalization of $27.14 billion, a PE ratio of 30.47, a P/E/G ratio of 2.33 and a beta of 1.08.

Xylem (NYSE:XYL) last issued its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.06. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The firm had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.18 billion. During the same quarter last year, the business earned $0.99 earnings per share. The business’s revenue was up 8.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.43%. This is an increase from Xylem’s previous quarterly dividend of $0.36. The ex-dividend date was Tuesday, February 18th. Xylem’s dividend payout ratio is 43.72%.

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.