Xylem Inc. (NYSE:XYL) Shares Purchased by Independent Advisor Alliance

Independent Advisor Alliance boosted its position in Xylem Inc. (NYSE:XYL) by 12.3% during the 4th quarter, Holdings Channel reports. The fund owned 5,199 shares of the industrial products company’s stock after acquiring an additional 571 shares during the quarter. Independent Advisor Alliance’s holdings in Xylem were worth $603,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. NBT Bank N A NY raised its holdings in Xylem by 5.9% in the fourth quarter. NBT Bank N A NY now owns 4,587 shares of the industrial products company’s stock valued at $532,000 after acquiring an additional 257 shares in the last quarter. OFI Invest Asset Management acquired a new stake in shares of Xylem during the 4th quarter worth about $31,648,000. Rialto Wealth Management LLC acquired a new stake in shares of Xylem during the 4th quarter worth about $31,000. Larson Financial Group LLC raised its position in shares of Xylem by 24.0% during the 4th quarter. Larson Financial Group LLC now owns 521 shares of the industrial products company’s stock worth $60,000 after acquiring an additional 101 shares in the last quarter. Finally, AMF Tjanstepension AB acquired a new stake in shares of Xylem during the 4th quarter worth about $96,658,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Stock Performance

Shares of XYL stock opened at $122.74 on Monday. Xylem Inc. has a 52-week low of $113.26 and a 52-week 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 stock’s 50-day moving average price is $124.74 and its 200 day moving average price is $126.57. The stock has a market capitalization of $29.83 billion, a PE ratio of 33.54, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08.

Xylem (NYSE:XYL) last issued its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.06. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same period in the previous year, the business posted $0.99 earnings per share. The business’s revenue was up 8.6% compared to the same quarter last year. As a group, equities research analysts forecast that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th will be paid 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 1.30%. Xylem’s dividend payout ratio is 43.72%.

Wall Street Analyst Weigh In

XYL has been the topic of several research analyst reports. Wolfe Research reissued a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Robert W. Baird lifted their target price on Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Citigroup cut Xylem from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, Stifel Nicolaus cut their target price on Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $149.89.

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.