Minot DeBlois Advisors LLC Takes Position in Xylem Inc. (NYSE:XYL)

Minot DeBlois Advisors LLC purchased a new stake 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 purchased 6,394 shares of the industrial products company's stock, valued at approximately $742,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XYL. Dempze Nancy E increased its holdings in Xylem by 0.3% during the fourth quarter. Dempze Nancy E now owns 25,761 shares of the industrial products company's stock worth $2,989,000 after buying an additional 88 shares during the last quarter. Townsquare Capital LLC boosted its position in Xylem by 0.8% during the fourth quarter. Townsquare Capital LLC now owns 11,074 shares of the industrial products company's stock worth $1,285,000 after purchasing an additional 88 shares during the period. Keel Point LLC boosted its position in Xylem by 4.1% during the fourth quarter. Keel Point LLC now owns 2,371 shares of the industrial products company's stock worth $275,000 after purchasing an additional 93 shares during the period. Clear Creek Financial Management LLC boosted its position in Xylem by 4.3% during the fourth quarter. Clear Creek Financial Management LLC now owns 2,315 shares of the industrial products company's stock worth $269,000 after purchasing an additional 96 shares during the period. Finally, Bleakley Financial Group LLC boosted its position in Xylem by 2.3% during the fourth quarter. Bleakley Financial Group LLC now owns 4,359 shares of the industrial products company's stock worth $506,000 after purchasing an additional 96 shares during the period. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Xylem Trading Up 1.2%

Shares of NYSE XYL traded up $1.53 during mid-day trading on Thursday, hitting $126.98. The stock had a trading volume of 1,179,499 shares, compared to its average volume of 1,423,780. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. Xylem Inc. has a 1 year low of $100.47 and a 1 year high of $146.08. The business has a 50 day moving average price of $117.10 and a two-hundred day moving average price of $121.43. The firm has a market cap of $30.90 billion, a P/E ratio of 34.69, a price-to-earnings-growth ratio of 2.33 and a beta of 1.10.

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

Xylem Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Thursday, May 29th. Xylem's 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.