4,074 Shares in Xylem Inc. (NYSE:XYL) Purchased by Atlas Legacy Advisors LLC

Atlas Legacy Advisors LLC bought a new stake in Xylem Inc. (NYSE:XYL) during the 4th quarter, HoldingsChannel reports. The fund bought 4,074 shares of the industrial products company’s stock, valued at approximately $473,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp increased its stake in Xylem by 1.9% in the third quarter. State Street Corp now owns 10,329,494 shares of the industrial products company’s stock valued at $1,394,792,000 after acquiring an additional 189,820 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Xylem by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 5,668,755 shares of the industrial products company’s stock valued at $762,804,000 after purchasing an additional 54,877 shares during the last quarter. Swedbank AB raised its holdings in shares of Xylem by 23.1% during the 4th quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company’s stock worth $427,325,000 after buying an additional 691,618 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Xylem by 1.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,449,307 shares of the industrial products company’s stock worth $465,760,000 after buying an additional 32,645 shares in the last quarter. Finally, Impax Asset Management Group plc lifted its position in shares of Xylem by 1.0% during the 3rd quarter. Impax Asset Management Group plc now owns 1,677,816 shares of the industrial products company’s stock worth $226,555,000 after buying an additional 15,825 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Xylem Stock Performance

Shares of Xylem stock opened at $130.43 on Wednesday. The stock has a market cap of $31.69 billion, a price-to-earnings ratio of 35.64, a P/E/G ratio of 2.32 and a beta of 1.07. 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 twelve month low of $113.26 and a twelve month high of $146.08. The company’s fifty day moving average is $121.36 and its 200 day moving average is $127.14.

Xylem (NYSE:XYL) last released its quarterly earnings results 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. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the previous year, the company posted $0.99 EPS. The business’s revenue was up 8.6% on a year-over-year basis. Sell-side analysts forecast that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders 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. The ex-dividend date is Tuesday, February 18th. This represents a $1.60 annualized dividend and a yield of 1.23%. Xylem’s dividend payout ratio (DPR) is presently 43.72%.

Wall Street Analysts Forecast Growth

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

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.