10,750 Shares in Xylem Inc. (NYSE:XYL) Purchased by Algebris UK Ltd

Algebris UK Ltd acquired a new position in shares of Xylem Inc. (NYSE:XYL) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 10,750 shares of the industrial products company’s stock, valued at approximately $1,205,000.

A number of other institutional investors also recently made changes to their positions in the company. Rialto Wealth Management LLC acquired a new stake in shares of Xylem in the fourth quarter valued at approximately $31,000. Heck Capital Advisors LLC acquired a new stake in shares of Xylem in the fourth quarter valued at approximately $36,000. Pathway Financial Advisers LLC raised its position in shares of Xylem by 122.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock valued at $37,000 after buying an additional 175 shares in the last quarter. SRS Capital Advisors Inc. raised its position in shares of Xylem by 69.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company’s stock valued at $37,000 after buying an additional 130 shares in the last quarter. Finally, Flagship Wealth Advisors LLC acquired a new stake in shares of Xylem in the fourth quarter valued at approximately $39,000. Institutional investors own 87.96% of the company’s stock.

Xylem Stock Performance

Xylem stock opened at $120.87 on Wednesday. The firm’s fifty day moving average price is $124.97 and its 200-day moving average price is $126.36. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. The stock has a market cap of $29.38 billion, a P/E ratio of 33.03, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. Xylem Inc. has a fifty-two week low of $113.26 and a fifty-two week high of $146.08.

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 the consensus estimate of $1.12 by $0.06. The firm 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 quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the company posted $0.99 EPS. On average, equities research analysts expect that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th will be paid a $0.40 dividend. This is a boost from Xylem’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Tuesday, February 18th. Xylem’s payout ratio is 43.72%.

Wall Street Analyst Weigh In

XYL has been the subject of several research analyst reports. Robert W. Baird boosted their price objective 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. Stifel Nicolaus lowered their price objective on shares of Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Citigroup downgraded shares of Xylem from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, Wolfe Research restated a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.89.

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.