Tower Research Capital LLC TRC Buys 5,363 Shares of Xylem Inc. (NYSE:XYL)

Tower Research Capital LLC TRC grew its stake in Xylem Inc. (NYSE:XYL) by 45.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,140 shares of the industrial products company’s stock after purchasing an additional 5,363 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Xylem were worth $1,989,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Lee Danner & Bass Inc. bought a new position in Xylem during the 4th quarter valued at $30,000. Rialto Wealth Management LLC purchased a new stake in shares of Xylem in the fourth quarter valued at about $31,000. Heck Capital Advisors LLC bought a new position in shares of Xylem during the fourth quarter valued at about $36,000. SRS Capital Advisors Inc. boosted 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 worth $37,000 after purchasing an additional 130 shares during the last quarter. Finally, Pathway Financial Advisers LLC grew its position in Xylem by 122.4% in the 4th 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 in the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Xylem Stock Performance

Shares of XYL opened at $111.51 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. The firm has a market cap of $27.14 billion, a PE ratio of 30.47, a PEG ratio of 2.33 and a beta of 1.08. Xylem Inc. has a 1 year low of $100.47 and a 1 year high of $146.08. The stock’s fifty day moving average price is $119.78 and its two-hundred day moving average price is $122.84.

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

Xylem Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.60 annualized dividend and a dividend yield of 1.43%. This is an increase from Xylem’s previous quarterly dividend of $0.36. Xylem’s dividend payout ratio is currently 43.72%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Citigroup dropped their target price on shares of Xylem from $152.00 to $134.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Stifel Nicolaus dropped their price target on Xylem from $150.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Finally, Robert W. Baird upped their price objective on Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Xylem has a consensus rating of “Moderate Buy” and a consensus target price of $147.33.

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.