Alpine Bank Wealth Management Purchases New Position in Xylem Inc. (NYSE:XYL)

Alpine Bank Wealth Management acquired a new position in shares of Xylem Inc. (NYSE:XYL - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,000 shares of the industrial products company's stock, valued at approximately $239,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its stake in shares of Xylem by 9.3% in the fourth quarter. Bank of New York Mellon Corp now owns 1,504,165 shares of the industrial products company's stock valued at $174,513,000 after acquiring an additional 127,750 shares during the period. Whipplewood Advisors LLC bought a new position in Xylem during the 4th quarter valued at about $52,000. Robeco Schweiz AG raised its position in Xylem by 10.7% in the 4th quarter. Robeco Schweiz AG now owns 1,144,735 shares of the industrial products company's stock worth $132,812,000 after purchasing an additional 111,065 shares during the period. Mn Services Vermogensbeheer B.V. lifted its stake in Xylem by 1.7% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 94,035 shares of the industrial products company's stock worth $10,910,000 after purchasing an additional 1,600 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its position in shares of Xylem by 25.7% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 87,018 shares of the industrial products company's stock valued at $10,096,000 after buying an additional 17,799 shares during the period. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on XYL. Citigroup reduced their price target on Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Stifel Nicolaus increased their target price on Xylem from $140.00 to $141.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Robert W. Baird decreased their target price on Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Raymond James Financial upgraded shares of Xylem to a "hold" rating in a report on Thursday, May 15th. Finally, JPMorgan Chase & Co. began coverage on shares of Xylem in a research note on Friday, May 30th. They issued an "overweight" rating and a $148.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $143.71.

Xylem Stock Performance

XYL stock opened at $127.53 on Thursday. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $143.50. The business has a 50-day moving average price of $123.30 and a 200 day moving average price of $121.72. The company has a market capitalization of $31.03 billion, a P/E ratio of 34.28, a PEG ratio of 2.32 and a beta of 1.13. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.89 and a quick ratio of 1.41.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.95 by $0.08. Xylem had a net margin of 10.54% and a return on equity of 10.12%. The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the previous year, the business posted $0.90 EPS. The company's quarterly revenue was up 1.8% compared to the same quarter last year. As a group, equities research analysts forecast that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a yield of 1.25%. Xylem's dividend payout ratio is currently 43.01%.

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.

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