Xylem Inc. (NYSE:XYL) Shares Bought by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC grew its holdings in Xylem Inc. (NYSE:XYL) by 14.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,061 shares of the industrial products company’s stock after buying an additional 641 shares during the period. Axxcess Wealth Management LLC’s holdings in Xylem were worth $587,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Rialto Wealth Management LLC acquired a new position in Xylem during the fourth quarter worth $31,000. Heck Capital Advisors LLC acquired a new position in shares of Xylem during the 4th quarter valued at about $36,000. SRS Capital Advisors Inc. grew its holdings in shares of Xylem by 69.5% in the fourth 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. Pathway Financial Advisers LLC increased its position in Xylem by 122.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 175 shares during the last quarter. Finally, Flagship Wealth Advisors LLC purchased a new position in Xylem during the fourth quarter worth about $39,000. 87.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on XYL. Robert W. Baird raised 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. Citigroup cut Xylem from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Wolfe Research reaffirmed a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Finally, Stifel Nicolaus cut their price objective on Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $149.89.

Xylem Stock Performance

Shares of Xylem stock opened at $118.27 on Friday. The stock has a market capitalization of $28.75 billion, a price-to-earnings ratio of 32.31, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. The business has a 50-day moving average of $125.24 and a 200 day moving average of $126.15. Xylem Inc. has a 12 month low of $113.26 and a 12 month high of $146.08.

Xylem (NYSE:XYL) last posted its quarterly earnings data 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 business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same quarter last year, the firm posted $0.99 earnings per share. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were paid a $0.40 dividend. This is a boost from Xylem’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 1.35%. The ex-dividend date was Tuesday, February 18th. Xylem’s dividend payout ratio (DPR) is presently 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.