1248 Management LLC Acquires New Position in Xylem Inc. (NYSE:XYL)

1248 Management LLC acquired a new position in Xylem Inc. (NYSE:XYL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,375 shares of the industrial products company's stock, valued at approximately $856,000.

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

Xylem Stock Performance

Shares of NYSE:XYL traded down $1.91 during trading on Monday, hitting $122.34. The company's stock had a trading volume of 1,368,747 shares, compared to its average volume of 1,416,568. Xylem Inc. has a 12 month low of $100.47 and a 12 month high of $146.08. The firm has a market cap of $29.77 billion, a price-to-earnings ratio of 33.43, a P/E/G 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 company has a 50-day moving average of $118.02 and a 200-day moving average of $121.76.

Xylem (NYSE:XYL - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.95 by $0.08. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the previous year, the firm posted $0.90 EPS. The company's revenue for the quarter was up 1.8% compared to the same quarter last year. On average, sell-side analysts expect that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Tuesday, February 18th. This is a positive change from Xylem's previous quarterly dividend of $0.36. Xylem's dividend payout ratio is presently 43.01%.

Analyst Ratings Changes

A number of brokerages have weighed in on XYL. Stifel Nicolaus raised their target price on shares of Xylem from $140.00 to $141.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Robert W. Baird dropped their price target on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Citigroup dropped their target price on shares of Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Royal Bank of Canada raised their price target on shares of Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $146.88.

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.