Davis R M Inc. Takes Position in Xylem Inc. (NYSE:XYL)

Davis R M Inc. bought a new stake in Xylem Inc. (NYSE:XYL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,900 shares of the industrial products company’s stock, valued at approximately $217,000.

A number of other institutional investors have also modified their holdings of XYL. Bruce G. Allen Investments LLC acquired a new position in Xylem in the 4th quarter valued at $27,000. NBC Securities Inc. acquired a new position in Xylem in the 3rd quarter valued at $38,000. Orion Capital Management LLC acquired a new position in Xylem in the 3rd quarter valued at $48,000. Spire Wealth Management increased its stake in Xylem by 370.9% in the 4th quarter. Spire Wealth Management now owns 485 shares of the industrial products company’s stock valued at $54,000 after buying an additional 382 shares during the period. Finally, Advantage Trust Co acquired a new position in Xylem in the 4th quarter valued at $57,000. 87.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on XYL. BNP Paribas began coverage on shares of Xylem in a research note on Tuesday, March 12th. They issued an “outperform” rating and a $150.00 price objective on the stock. Royal Bank of Canada upped their price target on shares of Xylem from $157.00 to $162.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Robert W. Baird upped their price target on shares of Xylem from $151.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Mizuho upped their price target on shares of Xylem from $110.00 to $135.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Finally, Citigroup boosted their price objective on shares of Xylem from $126.00 to $139.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Xylem has an average rating of “Moderate Buy” and an average price target of $140.70.

Xylem Stock Down 0.5 %

Shares of NYSE:XYL traded down $0.70 during midday trading on Thursday, hitting $144.50. 118,357 shares of the company’s stock traded hands, compared to its average volume of 1,180,531. Xylem Inc. has a twelve month low of $87.59 and a twelve month high of $146.08. The company has a market cap of $35.03 billion, a PE ratio of 51.67, a P/E/G ratio of 2.72 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.22 and a current ratio of 1.67. The firm’s fifty day moving average price is $132.78 and its two-hundred day moving average price is $120.04.

Xylem (NYSE:XYL) last announced its earnings results on Thursday, May 2nd. The industrial products company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.84 by $0.06. Xylem had a return on equity of 8.95% and a net margin of 8.34%. The business had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2 billion. During the same period last year, the business posted $0.72 EPS. The company’s revenue was up 40.4% on a year-over-year basis. On average, equities research analysts anticipate that Xylem Inc. will post 4.24 EPS for the current fiscal year.

Xylem Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.00%. The ex-dividend date is Thursday, May 30th. Xylem’s dividend payout ratio (DPR) is 51.25%.

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.