Sycomore Asset Management Acquires 7,914 Shares of Xylem Inc. (NYSE:XYL)

Sycomore Asset Management grew its position in Xylem Inc. (NYSE:XYL - Free Report) by 68.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,544 shares of the industrial products company's stock after buying an additional 7,914 shares during the period. Sycomore Asset Management's holdings in Xylem were worth $2,235,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in XYL. Bruce G. Allen Investments LLC acquired a new position in shares of Xylem in the 4th quarter valued at $27,000. NBC Securities Inc. acquired a new position in Xylem in the 3rd quarter worth $38,000. Orion Capital Management LLC acquired a new position in Xylem in the 3rd quarter worth $48,000. Cary Street Partners Investment Advisory LLC boosted its stake in Xylem by 117.0% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 716 shares of the industrial products company's stock worth $65,000 after purchasing an additional 386 shares during the period. Finally, Gradient Investments LLC boosted its stake in Xylem by 28.6% in the 4th quarter. Gradient Investments LLC now owns 576 shares of the industrial products company's stock worth $66,000 after purchasing an additional 128 shares during the period. Institutional investors and hedge funds own 87.96% of the company's stock.

Xylem Stock Performance

Shares of XYL stock traded down $0.05 on Wednesday, reaching $130.67. The stock had a trading volume of 1,053,006 shares, compared to its average volume of 1,156,746. The company has a quick ratio of 1.30, a current ratio of 1.76 and a debt-to-equity ratio of 0.22. The firm's 50-day moving average is $127.30 and its two-hundred day moving average is $113.22. The firm has a market capitalization of $31.67 billion, a price-to-earnings ratio of 48.04, a P/E/G ratio of 2.57 and a beta of 1.10. Xylem Inc. has a 12 month low of $87.59 and a 12 month high of $132.23.

Xylem (NYSE:XYL - Get Free Report) last issued its earnings results on Tuesday, February 6th. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.96 by $0.03. The company had revenue of $2.12 billion for the quarter, compared to analysts' expectations of $2.05 billion. Xylem had a net margin of 8.27% and a return on equity of 9.65%. Xylem's quarterly revenue was up 40.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.92 EPS. On average, research analysts expect that Xylem Inc. will post 4.13 EPS for the current fiscal year.

Xylem Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 21st were issued a $0.36 dividend. This is a boost from Xylem's previous quarterly dividend of $0.33. This represents a $1.44 annualized dividend and a yield of 1.10%. The ex-dividend date was Tuesday, February 20th. Xylem's dividend payout ratio is currently 52.94%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on XYL. Citigroup upped their target price on shares of Xylem from $126.00 to $139.00 and gave the stock a "neutral" rating in a research note on Monday, April 8th. BNP Paribas began coverage on shares of Xylem in a research note on Tuesday, March 12th. They issued an "outperform" rating and a $150.00 target price for the company. Robert W. Baird upped their target price on shares of Xylem from $141.00 to $148.00 and gave the stock an "outperform" rating in a research note on Thursday, March 21st. Oppenheimer increased their price objective on shares of Xylem from $133.00 to $142.00 and gave the stock an "outperform" rating in a research note on Thursday, April 18th. Finally, Royal Bank of Canada increased their price objective on shares of Xylem from $140.00 to $145.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 7th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $138.11.

Insider Buying and Selling at Xylem

In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $122.89, for a total value of $122,890.00. Following the transaction, the chief accounting officer now directly owns 2,935 shares of the company's stock, valued at approximately $360,682.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, SVP Franz Cerwinka sold 2,408 shares of the firm's stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $121.79, for a total transaction of $293,270.32. Following the transaction, the senior vice president now directly owns 11,750 shares of the company's stock, valued at $1,431,032.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Geri-Michelle Mcshane sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $122.89, for a total transaction of $122,890.00. Following the transaction, the chief accounting officer now directly owns 2,935 shares in the company, valued at $360,682.15. The disclosure for this sale can be found here. Insiders own 0.27% of the company's stock.

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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