Elo Mutual Pension Insurance Co Has $2.78 Million Stock Position in Xylem Inc. (NYSE:XYL)

Elo Mutual Pension Insurance Co increased its position in shares of Xylem Inc. (NYSE:XYL) by 12.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,983 shares of the industrial products company’s stock after acquiring an additional 2,582 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Xylem were worth $2,783,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Lee Danner & Bass Inc. acquired a new stake in Xylem during the 4th quarter valued at $30,000. Rialto Wealth Management LLC acquired a new position in Xylem during the fourth quarter valued at $31,000. Heck Capital Advisors LLC acquired a new stake in Xylem during the 4th quarter worth about $36,000. Pathway Financial Advisers LLC grew its stake in Xylem by 122.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 175 shares in the last quarter. Finally, SRS Capital Advisors Inc. increased 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 purchasing an additional 130 shares during the period. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Analyst Upgrades and Downgrades

XYL has been the subject of several recent research reports. Stifel Nicolaus cut their price objective on Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a report on Friday, January 24th. Robert W. Baird boosted their price target on Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Wolfe Research reaffirmed a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Finally, Citigroup downgraded shares of Xylem from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Xylem currently has a consensus rating of “Moderate Buy” and an average target price of $149.89.

Xylem Stock Down 2.1 %

Shares of XYL opened at $119.42 on Friday. Xylem Inc. has a 12 month low of $113.26 and a 12 month high of $146.08. The stock has a market cap of $29.02 billion, a price-to-earnings ratio of 32.63, a P/E/G ratio of 2.33 and a beta of 1.08. The company has a 50-day moving average price of $125.70 and a two-hundred day moving average price of $125.91. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL) last announced its quarterly 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 return on equity of 9.96% and a net margin of 10.40%. The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the previous year, the firm earned $0.99 EPS. Xylem’s quarterly revenue was up 8.6% on a year-over-year basis. Equities analysts predict that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th were paid a $0.40 dividend. The ex-dividend date of this dividend was 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 yield of 1.34%. Xylem’s dividend payout ratio (DPR) is presently 43.72%.

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.