Perennial Advisors LLC Purchases Shares of 48,091 Xylem Inc. (NYSE:XYL)

Perennial Advisors LLC acquired a new stake in shares of Xylem Inc. (NYSE:XYL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 48,091 shares of the industrial products company's stock, valued at approximately $5,579,000.

Several other hedge funds have also recently made changes to their positions in the stock. Swedbank AB grew its position in Xylem by 23.1% during the fourth quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company's stock valued at $427,325,000 after buying an additional 691,618 shares during the period. Smartleaf Asset Management LLC grew its holdings in Xylem by 31.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 575 shares of the industrial products company's stock worth $67,000 after acquiring an additional 139 shares in the last quarter. Triodos Investment Management BV boosted its holdings in shares of Xylem by 12.7% in the 4th quarter. Triodos Investment Management BV now owns 234,000 shares of the industrial products company's stock valued at $27,149,000 after buying an additional 26,300 shares in the last quarter. Stoneridge Investment Partners LLC purchased a new position in shares of Xylem in the 4th quarter valued at approximately $3,754,000. Finally, Allianz SE purchased a new position in shares of Xylem in the 4th quarter valued at approximately $1,910,000. 87.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

XYL has been the subject of several research analyst reports. Royal Bank of Canada increased their price objective 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. JPMorgan Chase & Co. initiated coverage on shares of Xylem in a research report on Friday. They issued an "overweight" rating and a $148.00 price objective for the company. Robert W. Baird decreased their price objective on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Raymond James raised shares of Xylem to a "hold" rating in a research report on Thursday, May 15th. Finally, Stifel Nicolaus increased their price target 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. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $144.75.

Xylem Trading Up 0.3%

XYL traded up $0.35 during midday trading on Friday, hitting $126.01. The company's stock had a trading volume of 432,952 shares, compared to its average volume of 1,403,696. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 52-week low of $100.47 and a 52-week high of $143.50. The firm has a market cap of $30.66 billion, a P/E ratio of 34.42, a PEG ratio of 2.33 and a beta of 1.10. The firm has a 50-day moving average price of $117.99 and a two-hundred day moving average price of $121.55.

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, topping analysts' consensus estimates of $0.95 by $0.08. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same period in the previous year, the company earned $0.90 earnings per share. Xylem's revenue was up 1.8% compared to the same quarter last year. On average, research analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Thursday, May 29th. Xylem's dividend payout ratio (DPR) is 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.