Hilton Capital Management LLC Makes New Investment in Xylem Inc. (NYSE:XYL)

Hilton Capital Management LLC purchased a new position in shares of Xylem Inc. (NYSE:XYL) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 46,206 shares of the industrial products company’s stock, valued at approximately $5,361,000.

Other institutional investors have also recently bought and sold shares of the company. Rialto Wealth Management LLC bought a new stake in Xylem during the 4th quarter worth approximately $31,000. Heck Capital Advisors LLC acquired a new stake in shares of Xylem during the 4th quarter worth approximately $36,000. SRS Capital Advisors Inc. raised 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 purchasing an additional 130 shares during the period. Pathway Financial Advisers LLC raised its holdings in 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 buying an additional 175 shares during the last quarter. Finally, Assetmark Inc. raised its holdings in shares of Xylem by 3,887.5% in the 3rd quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 311 shares during the period. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Trading Down 1.6 %

Xylem stock opened at $120.92 on Friday. The firm’s 50 day moving average price is $124.53 and its 200-day moving average price is $126.83. Xylem Inc. has a 1 year low of $113.26 and a 1 year high of $146.08. The stock has a market cap of $29.39 billion, a P/E ratio of 33.04, a PEG ratio of 2.33 and a beta of 1.08. 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) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.06. The business 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 business’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.99 earnings per share. On average, equities analysts predict that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th will be paid 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 dividend on an annualized basis and a dividend yield of 1.32%. Xylem’s payout ratio is presently 43.72%.

Wall Street Analysts Forecast Growth

XYL has been the subject of a number of recent research reports. Stifel Nicolaus reduced 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 reiterated a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Citigroup lowered shares of Xylem from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 5th. Finally, Robert W. Baird increased their price target on shares of Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $149.89.

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.