428 Shares in Xylem Inc. (NYSE:XYL) Acquired by NBC Securities Inc.

NBC Securities Inc. bought a new position in Xylem Inc. (NYSE:XYLFree Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 428 shares of the industrial products company’s stock, valued at approximately $38,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Evergreen Capital Management LLC boosted its stake in Xylem by 1.9% during the 4th quarter. Evergreen Capital Management LLC now owns 5,319 shares of the industrial products company’s stock valued at $588,000 after purchasing an additional 100 shares during the period. Harbour Investments Inc. raised its holdings in shares of Xylem by 1.1% during the first quarter. Harbour Investments Inc. now owns 9,017 shares of the industrial products company’s stock valued at $944,000 after acquiring an additional 101 shares during the period. Massmutual Trust Co. FSB ADV raised its holdings in shares of Xylem by 49.3% during the second quarter. Massmutual Trust Co. FSB ADV now owns 318 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 105 shares during the period. Financial Gravity Asset Management Inc. acquired a new position in Xylem in the 2nd quarter valued at approximately $63,000. Finally, Garrison Asset Management LLC increased its stake in Xylem by 0.5% in the 3rd quarter. Garrison Asset Management LLC now owns 21,248 shares of the industrial products company’s stock valued at $1,934,000 after buying an additional 116 shares during the period. Institutional investors own 84.53% of the company’s stock.

Xylem Stock Performance

Shares of XYL stock opened at $123.35 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.21 and a current ratio of 1.72. The company has a market capitalization of $29.74 billion, a P/E ratio of 50.55, a price-to-earnings-growth ratio of 2.04 and a beta of 1.09. The company’s 50 day moving average price is $111.72 and its two-hundred day moving average price is $102.92. Xylem Inc. has a 52 week low of $87.59 and a 52 week high of $124.56.

Xylem (NYSE:XYLGet Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03. Xylem had a net margin of 7.29% and a return on equity of 10.99%. The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same quarter in the previous year, the firm posted $0.92 earnings per share. The firm’s revenue for the quarter was up 40.6% on a year-over-year basis. On average, analysts expect that Xylem Inc. will post 3.75 earnings per share for the current fiscal year.

Xylem Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 21st will be given a dividend of $0.36 per share. This is a positive change from Xylem’s previous quarterly dividend of $0.33. This represents a $1.44 annualized dividend and a yield of 1.17%. The ex-dividend date is Tuesday, February 20th. Xylem’s dividend payout ratio is 54.10%.

Insiders Place Their Bets

In other Xylem news, Director Victoria D. Harker sold 2,000 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $106.50, for a total value of $213,000.00. Following the transaction, the director now directly owns 20,679 shares in the company, valued at $2,202,313.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Xylem news, Director Victoria D. Harker sold 2,000 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $106.50, for a total value of $213,000.00. Following the transaction, the director now directly owns 20,679 shares in the company, valued at $2,202,313.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Patrick Decker sold 99,648 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $100.84, for a total transaction of $10,048,504.32. Following the completion of the transaction, the chief executive officer now owns 287,564 shares in the company, valued at $28,997,953.76. The disclosure for this sale can be found here. Insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Royal Bank of Canada boosted their target price on shares of Xylem from $140.00 to $145.00 and gave the stock an “outperform” rating in a research report on Wednesday. Oppenheimer raised shares of Xylem from a “market perform” rating to an “outperform” rating and set a $118.00 target price for the company in a research report on Thursday, October 19th. Raymond James raised shares of Xylem from an “underperform” rating to a “market perform” rating in a research report on Thursday, January 4th. Deutsche Bank Aktiengesellschaft raised shares of Xylem from a “hold” rating to a “buy” rating and boosted their target price for the stock from $104.00 to $120.00 in a research report on Tuesday, November 21st. Finally, Stifel Nicolaus boosted their target price on shares of Xylem from $133.00 to $136.00 and gave the stock a “buy” rating in a research report on Tuesday, December 19th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $125.40.

Read Our Latest Stock Analysis on Xylem

Xylem Profile

(Free Report)

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions.

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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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