Stifel Financial Corp Has $23.74 Million Stake in Xylem Inc. (NYSE:XYL)

Stifel Financial Corp boosted its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 2.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 204,581 shares of the industrial products company's stock after acquiring an additional 4,860 shares during the period. Stifel Financial Corp owned 0.08% of Xylem worth $23,738,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lee Danner & Bass Inc. acquired a new position in Xylem in the fourth quarter valued at about $30,000. Rialto Wealth Management LLC bought a new stake in shares of Xylem in the 4th quarter valued at about $31,000. Heck Capital Advisors LLC acquired a new stake in shares of Xylem in the 4th quarter valued at approximately $36,000. Pathway Financial Advisers LLC boosted its stake in Xylem by 122.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company's stock worth $37,000 after acquiring an additional 175 shares during the last quarter. Finally, SRS Capital Advisors Inc. grew its holdings 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 purchasing an additional 130 shares during the period. Institutional investors own 87.96% of the company's stock.

Xylem Stock Up 0.5 %

NYSE:XYL traded up $0.61 during trading hours on Wednesday, reaching $119.23. 515,950 shares of the stock were exchanged, compared to its average volume of 1,411,587. The stock has a market cap of $29.01 billion, a PE ratio of 32.58, a PEG ratio of 2.33 and a beta of 1.08. Xylem Inc. has a twelve month low of $100.47 and a twelve month high of $146.08. The firm has a 50 day moving average of $118.39 and a 200 day moving average of $122.18. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33.

Xylem (NYSE:XYL - Get Free Report) last announced 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 business had revenue of $2.07 billion during the quarter, compared to analysts' expectations of $2.04 billion. During the same quarter in the prior year, the company posted $0.90 earnings per share. The firm's revenue was up 1.8% on a year-over-year basis. On average, equities analysts expect that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th were given a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.34%. This is an increase from Xylem's previous quarterly dividend of $0.36. Xylem's payout ratio is currently 43.72%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on XYL shares. Robert W. Baird reduced their price target on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a research report on Wednesday. Citigroup reduced their target price on Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Stifel Nicolaus lowered their price target on Xylem from $150.00 to $140.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Three research 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.com, Xylem currently has a consensus rating of "Moderate Buy" and an average target price of $147.11.

About Xylem

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.