Prime Capital Investment Advisors LLC Purchases New Position in Xylem Inc. (NYSE:XYL)

Prime Capital Investment Advisors LLC purchased a new stake in Xylem Inc. (NYSE:XYL) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,811 shares of the industrial products company’s stock, valued at approximately $207,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of XYL. Panagora Asset Management Inc. raised its holdings in shares of Xylem by 21.7% in the first quarter. Panagora Asset Management Inc. now owns 14,297 shares of the industrial products company’s stock valued at $1,219,000 after buying an additional 2,550 shares during the last quarter. Yousif Capital Management LLC raised its holdings in shares of Xylem by 1.5% in the first quarter. Yousif Capital Management LLC now owns 27,307 shares of the industrial products company’s stock valued at $2,328,000 after buying an additional 416 shares during the last quarter. Blair William & Co. IL raised its holdings in shares of Xylem by 0.5% in the first quarter. Blair William & Co. IL now owns 66,243 shares of the industrial products company’s stock valued at $5,648,000 after buying an additional 299 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Xylem by 6.7% in the first quarter. Sei Investments Co. now owns 335,330 shares of the industrial products company’s stock valued at $28,590,000 after buying an additional 21,165 shares during the last quarter. Finally, Prudential PLC purchased a new stake in shares of Xylem in the first quarter valued at about $333,000. 87.96% of the stock is owned by hedge funds and other institutional investors.

Xylem Trading Down 0.5 %

Shares of XYL opened at $128.11 on Monday. The company has a current ratio of 1.76, a quick ratio of 1.30 and a debt-to-equity ratio of 0.22. The firm’s 50-day moving average is $126.36 and its two-hundred day moving average is $111.39. Xylem Inc. has a twelve month low of $87.59 and a twelve month high of $130.86. The firm has a market capitalization of $31.05 billion, a P/E ratio of 47.10, a PEG ratio of 2.55 and a beta of 1.10.

Xylem (NYSE:XYL) last issued its earnings results on Tuesday, February 6th. The industrial products company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.03. Xylem had a net margin of 8.27% and a return on equity of 9.65%. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same period in the prior year, the business posted $0.92 earnings per share. The firm’s revenue for the quarter was up 40.6% compared to the same quarter last year. On average, research analysts predict that Xylem Inc. will post 4.13 earnings per share for the current fiscal year.

Xylem Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 21st were given a $0.36 dividend. The ex-dividend date was Tuesday, February 20th. This is a positive change from Xylem’s previous quarterly dividend of $0.33. This represents a $1.44 annualized dividend and a dividend yield of 1.12%. Xylem’s dividend payout ratio is currently 52.94%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Stifel Nicolaus upped their target price on shares of Xylem from $136.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. BNP Paribas began coverage on shares of Xylem in a research note on Tuesday, March 12th. They set an “outperform” rating and a $150.00 price target on the stock. Royal Bank of Canada boosted their price target on shares of Xylem from $140.00 to $145.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Raymond James upgraded shares of Xylem from an “underperform” rating to a “market perform” rating in a research note on Thursday, January 4th. Finally, Robert W. Baird boosted their price target on shares of Xylem from $141.00 to $148.00 and gave the stock an “outperform” rating in a research note on Thursday, March 21st. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.44.

Insider Activity

In other news, CAO Geri-Michelle Mcshane sold 1,000 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $122.89, for a total value of $122,890.00. Following the sale, the chief accounting officer now directly owns 2,935 shares in the company, valued at $360,682.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Geri-Michelle Mcshane sold 1,000 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $122.89, for a total value of $122,890.00. Following the sale, the chief accounting officer now directly owns 2,935 shares in the company, valued at $360,682.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Franz Cerwinka sold 2,408 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $121.79, for a total transaction of $293,270.32. Following the completion of the sale, the senior vice president now owns 11,750 shares in the company, valued at $1,431,032.50. The disclosure for this sale can be found here. Company insiders own 0.90% of the company’s stock.

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.