Argonautica Private Wealth Management Inc. Invests $519,000 in Xylem Inc. (NYSE:XYL)

Argonautica Private Wealth Management Inc. purchased a new position in Xylem Inc. (NYSE:XYL - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,346 shares of the industrial products company's stock, valued at approximately $519,000.

Several other institutional investors have also modified their holdings of XYL. Dempze Nancy E increased its holdings in shares of Xylem by 8.8% in the 1st quarter. Dempze Nancy E now owns 28,036 shares of the industrial products company's stock valued at $3,349,000 after acquiring an additional 2,275 shares during the period. AE Wealth Management LLC increased its stake in Xylem by 5.2% in the 1st quarter. AE Wealth Management LLC now owns 15,283 shares of the industrial products company's stock valued at $1,826,000 after buying an additional 759 shares during the period. Notis McConarty Edward increased its stake in Xylem by 4.2% in the 1st quarter. Notis McConarty Edward now owns 31,092 shares of the industrial products company's stock valued at $3,714,000 after buying an additional 1,245 shares during the period. Forbes J M & Co. LLP increased its stake in Xylem by 4.0% in the 1st quarter. Forbes J M & Co. LLP now owns 84,538 shares of the industrial products company's stock valued at $10,099,000 after buying an additional 3,231 shares during the period. Finally, Venturi Wealth Management LLC increased its stake in Xylem by 11.2% in the 1st quarter. Venturi Wealth Management LLC now owns 4,639 shares of the industrial products company's stock valued at $554,000 after buying an additional 466 shares during the period. Hedge funds and other institutional investors own 87.96% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on XYL. Citigroup reissued a "buy" rating and issued a $152.00 price objective (up from $137.00) on shares of Xylem in a research note on Monday, July 14th. Royal Bank Of Canada upped their price target on shares of Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. JPMorgan Chase & Co. started coverage on shares of Xylem in a research note on Friday, May 30th. They set an "overweight" rating and a $148.00 price target on the stock. Raymond James Financial raised shares of Xylem to a "hold" rating in a research note on Thursday, May 15th. Finally, Stifel Nicolaus upped their price target on shares of Xylem from $141.00 to $162.00 and gave the stock a "buy" rating in a research note on Monday. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $149.29.

Xylem Price Performance

Shares of NYSE:XYL traded down $0.49 on Thursday, reaching $131.28. 716,327 shares of the company were exchanged, compared to its average volume of 1,144,015. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $143.50. The company has a current ratio of 1.89, a quick ratio of 1.41 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average of $128.31 and a 200-day moving average of $123.45. The firm has a market cap of $31.95 billion, a price-to-earnings ratio of 35.29, a price-to-earnings-growth ratio of 2.39 and a beta of 1.12.

Xylem (NYSE:XYL - Get Free Report) last released its earnings results 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. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.04 billion. Xylem had a net margin of 10.54% and a return on equity of 10.12%. The firm's quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.90 EPS. Equities analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th were issued a $0.40 dividend. The ex-dividend date was Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a yield of 1.22%. Xylem's dividend payout ratio (DPR) is 43.01%.

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.