Alpine Bank Wealth Management Makes New $239,000 Investment in Xylem Inc. (NYSE:XYL)

Alpine Bank Wealth Management purchased a new stake in Xylem Inc. (NYSE:XYL) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,000 shares of the industrial products company’s stock, valued at approximately $239,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Perkins Coie Trust Co acquired a new position in Xylem during the 1st quarter valued at about $27,000. Lee Danner & Bass Inc. purchased a new stake in shares of Xylem during the fourth quarter worth about $30,000. Rialto Wealth Management LLC acquired a new position in shares of Xylem during the fourth quarter valued at about $31,000. Center for Financial Planning Inc. raised its position in shares of Xylem by 52.0% in the 1st quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 91 shares during the last quarter. Finally, Heck Capital Advisors LLC acquired a new stake in Xylem in the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on XYL. Robert W. Baird cut their price target on shares of Xylem from $149.00 to $146.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. Citigroup cut their target price on Xylem from $152.00 to $134.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. JPMorgan Chase & Co. began coverage on Xylem in a research report on Friday, May 30th. They set an “overweight” rating and a $148.00 price target for the company. Raymond James Financial upgraded Xylem to a “hold” rating in a research note on Thursday, May 15th. Finally, Stifel Nicolaus raised their price objective on Xylem from $140.00 to $141.00 and gave the stock a “buy” rating in a research note on Wednesday, April 30th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $143.71.

Xylem Trading Up 0.3%

NYSE XYL opened at $127.53 on Thursday. Xylem Inc. has a 1 year low of $100.47 and a 1 year high of $143.50. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.89 and a quick ratio of 1.41. The company has a market capitalization of $31.03 billion, a PE ratio of 34.28, a P/E/G ratio of 2.32 and a beta of 1.13. The company has a fifty day moving average of $123.30 and a 200 day moving average of $121.72.

Xylem (NYSE:XYL) last released its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.08. Xylem had a return on equity of 10.12% and a net margin of 10.54%. The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same quarter last year, the business posted $0.90 EPS. The company’s revenue was up 1.8% on a year-over-year basis. Research analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Thursday, May 29th. Xylem’s payout ratio is presently 43.01%.

About Xylem

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.