Asset Allocation & Management Company LLC Buys Shares of 1,990 Xylem Inc. (NYSE:XYL)

Asset Allocation & Management Company LLC bought a new stake in shares of Xylem Inc. (NYSE:XYL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,990 shares of the industrial products company’s stock, valued at approximately $231,000.

A number of other hedge funds have also made changes to their positions in XYL. TT International Asset Management LTD increased its holdings in shares of Xylem by 70.5% in the fourth quarter. TT International Asset Management LTD now owns 25,653 shares of the industrial products company’s stock valued at $2,976,000 after purchasing an additional 10,608 shares during the last quarter. Czech National Bank increased its holdings in shares of Xylem by 6.5% in the fourth quarter. Czech National Bank now owns 52,676 shares of the industrial products company’s stock valued at $6,111,000 after purchasing an additional 3,197 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Xylem by 0.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 48,680 shares of the industrial products company’s stock valued at $5,648,000 after purchasing an additional 331 shares during the last quarter. Fulton Bank N.A. acquired a new stake in shares of Xylem in the fourth quarter valued at approximately $219,000. Finally, Diversified Trust Co increased its holdings in shares of Xylem by 6.3% in the fourth quarter. Diversified Trust Co now owns 13,468 shares of the industrial products company’s stock valued at $1,563,000 after purchasing an additional 795 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on XYL shares. Robert W. Baird cut their price target on Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Citigroup upgraded Xylem from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $135.00 to $148.00 in a research report on Monday, December 9th. TD Cowen lowered their price objective on Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Wolfe Research restated a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Finally, Royal Bank of Canada lowered their price target on Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $152.20.

Xylem Stock Up 0.7 %

Xylem stock traded up $0.76 during midday trading on Monday, reaching $114.78. The company’s stock had a trading volume of 290,174 shares, compared to its average volume of 1,016,308. Xylem Inc. has a fifty-two week low of $109.39 and a fifty-two week high of $146.08. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 0.19. The company has a market cap of $27.89 billion, a P/E ratio of 33.56, a P/E/G ratio of 2.22 and a beta of 1.06. The business has a 50-day simple moving average of $121.65 and a 200-day simple moving average of $129.35.

Xylem (NYSE:XYL) last released its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.11. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter last year, the company posted $0.99 earnings per share. The business’s revenue was up .2% on a year-over-year basis. On average, research analysts expect that Xylem Inc. will post 4.23 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, November 26th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.25%. The ex-dividend date was Tuesday, November 26th. Xylem’s dividend payout ratio (DPR) is 42.11%.

Xylem 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.