Xylem Inc. (NYSE:XYL) Shares Acquired by Forbes J M & Co. LLP

Forbes J M & Co. LLP grew its stake in shares of Xylem Inc. (NYSE:XYL) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 81,307 shares of the industrial products company’s stock after purchasing an additional 356 shares during the quarter. Forbes J M & Co. LLP’s holdings in Xylem were worth $9,433,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of XYL. First Trust Direct Indexing L.P. grew its holdings in Xylem by 0.9% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 9,070 shares of the industrial products company’s stock valued at $1,225,000 after buying an additional 78 shares during the last quarter. Angeles Wealth Management LLC lifted its position in shares of Xylem by 3.6% in the third quarter. Angeles Wealth Management LLC now owns 2,462 shares of the industrial products company’s stock valued at $332,000 after acquiring an additional 86 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Xylem by 6.6% during the third quarter. Farther Finance Advisors LLC now owns 1,412 shares of the industrial products company’s stock valued at $191,000 after acquiring an additional 87 shares during the last quarter. Clear Creek Financial Management LLC increased its position in Xylem by 4.3% during the 4th quarter. Clear Creek Financial Management LLC now owns 2,315 shares of the industrial products company’s stock worth $269,000 after purchasing an additional 96 shares in the last quarter. Finally, Bleakley Financial Group LLC raised its stake in Xylem by 2.3% in the 4th quarter. Bleakley Financial Group LLC now owns 4,359 shares of the industrial products company’s stock valued at $506,000 after purchasing an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Wall Street Analysts Forecast Growth

XYL has been the topic of several analyst reports. Wolfe Research reaffirmed a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Robert W. Baird raised their target price on shares of Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a research report on Wednesday. Royal Bank of Canada lowered their target price on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Citigroup downgraded Xylem from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Finally, TD Cowen lowered their price target on Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $149.90.

Xylem Stock Performance

NYSE:XYL opened at $131.11 on Friday. Xylem Inc. has a twelve month low of $113.26 and a twelve month high of $146.08. The firm has a market capitalization of $31.85 billion, a price-to-earnings ratio of 35.82, a PEG ratio of 2.36 and a beta of 1.07. The company has a current ratio of 1.76, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. The firm’s fifty day simple moving average is $120.95 and its 200 day simple moving average is $127.55.

Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.12 by $0.06. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.18 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. Xylem’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.99 EPS. As a group, equities research analysts expect that Xylem Inc. will post 4.66 earnings per share for the current fiscal year.

Xylem Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Tuesday, February 18th. This is a positive change from Xylem’s previous quarterly dividend of $0.36. Xylem’s dividend payout ratio (DPR) is 39.34%.

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.