Mariner LLC Buys 6,697 Shares of Xylem Inc. (NYSE:XYL)

Mariner LLC boosted its stake in Xylem Inc. (NYSE:XYL) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 318,773 shares of the industrial products company’s stock after purchasing an additional 6,697 shares during the quarter. Mariner LLC owned about 0.13% of Xylem worth $36,986,000 as of its most recent SEC filing.

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

Xylem Trading Down 0.5 %

Shares of XYL stock opened at $109.11 on Wednesday. The company has a market capitalization of $26.55 billion, a PE ratio of 29.81, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. Xylem Inc. has a 52-week low of $100.47 and a 52-week high of $146.08. The business’s fifty day moving average is $121.88 and its 200 day moving average is $123.67. 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 (NYSE:XYL) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.06. The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.18 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.99 EPS. On average, equities research analysts anticipate that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date was Tuesday, February 18th. This is a boost from Xylem’s previous quarterly dividend of $0.36. Xylem’s payout ratio is currently 43.72%.

Analysts Set New Price Targets

A number of brokerages have commented on XYL. Robert W. Baird boosted their price target 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. Stifel Nicolaus decreased their target price on shares of Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Finally, Citigroup dropped their price target on shares of Xylem from $152.00 to $134.00 and set a “buy” rating on the stock in a research report on Monday. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $148.44.

Xylem Company 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.