Xylem Inc. (NYSE:XYL) Stake Increased by Canopy Partners LLC

Canopy Partners LLC grew its stake in shares of Xylem Inc. (NYSE:XYL) by 25.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,461 shares of the industrial products company’s stock after acquiring an additional 713 shares during the period. Canopy Partners LLC’s holdings in Xylem were worth $402,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of XYL. Invesco Ltd. grew its stake in Xylem by 9.8% in the fourth quarter. Invesco Ltd. now owns 4,009,907 shares of the industrial products company’s stock worth $465,229,000 after purchasing an additional 359,276 shares in the last quarter. Bank of Montreal Can lifted its holdings in Xylem by 74.3% during the 4th quarter. Bank of Montreal Can now owns 618,759 shares of the industrial products company’s stock worth $71,788,000 after buying an additional 263,794 shares during the last quarter. Garrison Point Advisors LLC grew its position in shares of Xylem by 2.1% in the 4th quarter. Garrison Point Advisors LLC now owns 5,565 shares of the industrial products company’s stock worth $646,000 after acquiring an additional 115 shares in the last quarter. Hemenway Trust Co LLC increased its holdings in shares of Xylem by 0.6% in the 4th quarter. Hemenway Trust Co LLC now owns 212,593 shares of the industrial products company’s stock valued at $24,665,000 after acquiring an additional 1,359 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of Xylem by 5.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 306,391 shares of the industrial products company’s stock valued at $35,547,000 after acquiring an additional 16,311 shares in the last quarter. Institutional investors own 87.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Robert W. Baird lifted their price objective on shares of Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Stifel Nicolaus decreased their price target on shares of Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a report on Friday, January 24th. Citigroup lowered shares of Xylem from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, Wolfe Research reissued a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Xylem has a consensus rating of “Moderate Buy” and an average target price of $149.89.

Xylem Trading Down 5.9 %

NYSE:XYL opened at $104.46 on Monday. Xylem Inc. has a 1 year low of $101.98 and a 1 year high of $146.08. The business has a fifty day moving average of $125.04 and a 200-day moving average of $125.24. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. The stock has a market cap of $25.42 billion, a price-to-earnings ratio of 28.54, a PEG ratio of 2.33 and a beta of 1.08.

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

Xylem Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, February 18th. 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 1.53%. Xylem’s dividend payout ratio (DPR) is 43.72%.

Xylem Company 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.