EDENTREE ASSET MANAGEMENT Ltd Has $9.63 Million Stake in Xylem Inc. (NYSE:XYL)

EDENTREE ASSET MANAGEMENT Ltd lifted its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 16.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,949 shares of the industrial products company's stock after purchasing an additional 12,000 shares during the quarter. Xylem accounts for about 2.8% of EDENTREE ASSET MANAGEMENT Ltd's investment portfolio, making the stock its 8th biggest holding. EDENTREE ASSET MANAGEMENT Ltd's holdings in Xylem were worth $9,625,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Lee Danner & Bass Inc. purchased a new stake in Xylem during the fourth quarter valued at $30,000. Rialto Wealth Management LLC bought a new position in shares of Xylem in the fourth quarter worth about $31,000. Heck Capital Advisors LLC bought a new position in Xylem during the fourth quarter valued at approximately $36,000. Pathway Financial Advisers LLC boosted its stake in Xylem by 122.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company's stock valued at $37,000 after buying an additional 175 shares during the last quarter. Finally, SRS Capital Advisors Inc. boosted its stake in Xylem by 69.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company's stock valued at $37,000 after buying an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 87.96% of the company's stock.

Xylem Price Performance

Shares of XYL traded up $1.86 during mid-day trading on Tuesday, reaching $125.91. 310,632 shares of the company's stock were exchanged, compared to its average volume of 1,413,749. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. The company has a 50-day simple moving average of $117.62 and a two-hundred day simple moving average of $121.49. Xylem Inc. has a 52-week low of $100.47 and a 52-week high of $144.41. The company has a market cap of $30.64 billion, a price-to-earnings ratio of 34.42, a PEG ratio of 2.33 and a beta of 1.10.

Xylem (NYSE:XYL - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share 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 10.40% and a return on equity of 9.96%. Xylem's revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter last year, the business earned $0.90 EPS. On average, sell-side analysts predict that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Investors 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 annualized dividend and a dividend yield of 1.27%. Xylem's payout ratio is 43.01%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Raymond James raised Xylem to a "hold" rating in a research note on Thursday, May 15th. Stifel Nicolaus increased their price target on Xylem from $140.00 to $141.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Royal Bank of Canada increased their price target on Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Citigroup dropped their target price on Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Robert W. Baird lowered their price objective on Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $146.88.

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.