Flagship Wealth Advisors LLC Purchases New Position in Xylem Inc. (NYSE:XYL)

Flagship Wealth Advisors LLC bought a new position in shares of Xylem Inc. (NYSE:XYL) during the fourth quarter, Holdings Channel reports. The fund bought 332 shares of the industrial products company’s stock, valued at approximately $39,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nordea Investment Management AB increased its holdings in Xylem by 24.6% during the 4th quarter. Nordea Investment Management AB now owns 26,798 shares of the industrial products company’s stock worth $3,125,000 after acquiring an additional 5,286 shares during the period. MML Investors Services LLC increased its holdings in Xylem by 66.9% during the 3rd quarter. MML Investors Services LLC now owns 15,935 shares of the industrial products company’s stock worth $2,152,000 after acquiring an additional 6,386 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Xylem by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,345,768 shares of the industrial products company’s stock worth $181,719,000 after acquiring an additional 5,817 shares during the period. Swedbank AB increased its holdings in Xylem by 23.1% during the 4th quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company’s stock worth $427,325,000 after acquiring an additional 691,618 shares during the period. Finally, Groupama Asset Managment increased its holdings in Xylem by 89.6% during the 3rd quarter. Groupama Asset Managment now owns 16,340 shares of the industrial products company’s stock worth $2,206,000 after acquiring an additional 7,723 shares during the period. Institutional investors own 87.96% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Stifel Nicolaus decreased their target price on shares of Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Citigroup lowered shares of Xylem from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 5th. Robert W. Baird increased their price target on shares of Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Finally, Wolfe Research reissued a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $149.89.

Xylem Price Performance

XYL stock opened at $123.09 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. Xylem Inc. has a 52 week low of $113.26 and a 52 week high of $146.08. The firm’s fifty day moving average is $124.86 and its 200 day moving average is $126.48. The firm has a market cap of $29.92 billion, a P/E ratio of 33.63, a P/E/G ratio of 2.33 and a beta of 1.08.

Xylem (NYSE:XYL) last released its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, beating 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 company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter last year, the firm earned $0.99 EPS. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. Research analysts predict that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.40 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.60 annualized dividend and a dividend yield of 1.30%. This is a positive change from Xylem’s previous quarterly dividend of $0.36. Xylem’s dividend payout ratio (DPR) is currently 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.