Blossom Wealth Management Has $334,000 Stake in Xylem Inc. (NYSE:XYL)

Blossom Wealth Management grew its stake in shares of Xylem Inc. (NYSE:XYL) by 3.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,882 shares of the industrial products company’s stock after buying an additional 107 shares during the period. Blossom Wealth Management’s holdings in Xylem were worth $334,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in XYL. Bangor Savings Bank grew its holdings in shares of Xylem by 56.7% during the 3rd quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 85 shares in the last quarter. Heck Capital Advisors LLC bought a new position in Xylem in the fourth quarter worth $36,000. Assetmark Inc. boosted its stake in Xylem by 3,887.5% during the third quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock worth $43,000 after buying an additional 311 shares in the last quarter. Versant Capital Management Inc increased its holdings in Xylem by 318.2% in the 4th quarter. Versant Capital Management Inc now owns 368 shares of the industrial products company’s stock valued at $43,000 after buying an additional 280 shares during the period. Finally, Catalyst Capital Advisors LLC raised its stake in shares of Xylem by 226.0% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 339 shares of the industrial products company’s stock valued at $46,000 after buying an additional 235 shares in the last quarter. Institutional investors own 87.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on XYL shares. Stifel Nicolaus dropped their price objective on 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. Robert W. Baird reduced their price target on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Citigroup dropped their price objective on shares of Xylem from $148.00 to $147.00 and set a “buy” rating for the company in a report on Monday, January 13th. Finally, TD Cowen decreased their price target on Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $150.50.

Xylem Stock Performance

Shares of NYSE:XYL opened at $124.04 on Friday. The firm’s 50 day simple moving average is $120.69 and its 200 day simple moving average is $127.91. Xylem Inc. has a fifty-two week low of $112.02 and a fifty-two week high of $146.08. The company has a market capitalization of $30.14 billion, a price-to-earnings ratio of 36.27, a P/E/G ratio of 2.06 and a beta of 1.06. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.96 and a quick ratio of 1.42.

Xylem (NYSE:XYL) last announced its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.11. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The company had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same period last year, the firm posted $0.99 earnings per share. The business’s quarterly revenue was up .2% compared to the same quarter last year. As a group, sell-side analysts forecast that Xylem Inc. will post 4.22 earnings per share for the current year.

Xylem Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th were issued a dividend of $0.36 per share. The ex-dividend date was Tuesday, November 26th. This represents a $1.44 annualized dividend and a yield of 1.16%. Xylem’s dividend payout ratio is presently 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.