Exchange Traded Concepts LLC Grows Position in Xylem Inc. (NYSE:XYL)

Exchange Traded Concepts LLC raised its position in Xylem Inc. (NYSE:XYL) by 226.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 28,452 shares of the industrial products company’s stock after purchasing an additional 19,728 shares during the period. Exchange Traded Concepts LLC’s holdings in Xylem were worth $3,301,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Bangor Savings Bank raised its holdings in shares of Xylem by 56.7% in the third quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock worth $32,000 after buying an additional 85 shares during the period. Assetmark Inc. lifted its position in shares of 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 purchasing an additional 311 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of Xylem by 318.2% during the fourth quarter. Versant Capital Management Inc now owns 368 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 280 shares during the last quarter. Catalyst Capital Advisors LLC boosted its stake in shares of Xylem by 226.0% during the third quarter. Catalyst Capital Advisors LLC now owns 339 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 235 shares during the period. Finally, Brooklyn Investment Group purchased a new position in Xylem in the 3rd quarter worth about $55,000. Institutional investors own 87.96% of the company’s stock.

Xylem Price Performance

NYSE XYL opened at $121.53 on Friday. Xylem Inc. has a 12-month low of $111.72 and a 12-month high of $146.08. The firm’s fifty day simple moving average is $120.88 and its two-hundred day simple moving average is $128.37. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $29.53 billion, a P/E ratio of 35.54, a P/E/G ratio of 2.05 and a beta of 1.06.

Xylem (NYSE:XYL) last announced its earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.11. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.17 billion. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.99 EPS. Analysts forecast that Xylem Inc. will post 4.23 EPS for the current fiscal year.

Xylem Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, November 26th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date was Tuesday, November 26th. Xylem’s dividend payout ratio (DPR) is presently 42.11%.

Wall Street Analyst Weigh In

XYL has been the topic of a number of research analyst reports. Wolfe Research restated a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Robert W. Baird reduced their price objective on Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Royal Bank of Canada lowered their target price on Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Stifel Nicolaus cut 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. Finally, Citigroup reduced their price target on shares of Xylem from $148.00 to $147.00 and set a “buy” rating for the company in a report on Monday, January 13th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $150.50.

Xylem 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.