Illumine Investment Management LLC Purchases Shares of 15,248 Xylem Inc. (NYSE:XYL)

Illumine Investment Management LLC purchased a new stake in shares of Xylem Inc. (NYSE:XYL) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 15,248 shares of the industrial products company’s stock, valued at approximately $1,769,000. Xylem comprises 1.5% of Illumine Investment Management LLC’s portfolio, making the stock its 28th largest position.

A number of other institutional investors have also recently made changes to their positions in XYL. Impax Asset Management Group plc grew its holdings in shares of Xylem by 231.5% in the fourth quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company’s stock valued at $644,039,000 after purchasing an additional 3,883,845 shares in the last quarter. Swedbank AB lifted its stake in Xylem by 23.1% in the fourth quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company’s stock worth $427,325,000 after acquiring an additional 691,618 shares during the last quarter. Erste Asset Management GmbH purchased a new position in Xylem in the third quarter worth approximately $68,593,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Xylem in the third quarter worth approximately $52,169,000. Finally, Champlain Investment Partners LLC lifted its stake in Xylem by 17.8% in the third quarter. Champlain Investment Partners LLC now owns 1,657,785 shares of the industrial products company’s stock worth $223,851,000 after acquiring an additional 249,975 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on XYL shares. Wolfe Research reiterated a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. TD Cowen reduced their price objective on shares of Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Citigroup downgraded shares of Xylem from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Robert W. Baird boosted their price objective on shares of Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Finally, Stifel Nicolaus dropped their price objective on shares of Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Xylem presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.90.

Xylem Stock Performance

NYSE:XYL opened at $129.00 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. Xylem Inc. has a fifty-two week low of $113.26 and a fifty-two week high of $146.08. The stock has a market cap of $31.34 billion, a PE ratio of 35.25, a price-to-earnings-growth ratio of 2.33 and a beta of 1.07. The firm’s fifty day simple moving average is $122.60 and its 200-day simple moving average is $127.21.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.06. The firm had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.99 EPS. Analysts expect that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.40 per share. This is a positive change from Xylem’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Tuesday, February 18th. Xylem’s dividend payout ratio is presently 43.72%.

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.