Millstone Evans Group LLC Makes New $73,000 Investment in Xylem Inc. (NYSE:XYL)

Millstone Evans Group LLC purchased a new position in shares of Xylem Inc. (NYSE:XYL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 630 shares of the industrial products company’s stock, valued at approximately $73,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in XYL. Lee Danner & Bass Inc. bought a new stake in shares of Xylem during the 4th quarter worth about $30,000. Rialto Wealth Management LLC bought a new stake in shares of Xylem during the 4th quarter worth about $31,000. Heck Capital Advisors LLC bought a new stake in shares of Xylem during the 4th quarter worth about $36,000. Pathway Financial Advisers LLC grew its stake in shares of Xylem by 122.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 175 shares during the last quarter. Finally, SRS Capital Advisors Inc. grew its stake in shares of Xylem by 69.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 130 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors.

Xylem Stock Performance

Xylem stock opened at $118.27 on Monday. The firm’s 50 day simple moving average is $125.24 and its 200-day simple moving average is $126.10. The company has a market cap of $28.75 billion, a P/E ratio of 32.31, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. 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 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 business had revenue of $2.30 billion during 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 firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the company posted $0.99 earnings per share. As a group, equities research analysts predict that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th were issued a dividend of $0.40 per share. This is a boost from Xylem’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 1.35%. The ex-dividend date was Tuesday, February 18th. Xylem’s dividend payout ratio (DPR) is currently 43.72%.

Analysts Set New Price Targets

XYL has been the topic of several recent research reports. Robert W. Baird lifted their price objective on shares of Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Wolfe Research reaffirmed a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Citigroup cut shares of Xylem from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, Stifel Nicolaus lowered their price objective on shares of Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $149.89.

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.