Congress Wealth Management LLC DE Acquires 1,318 Shares of Xylem Inc. (NYSE:XYL)

Congress Wealth Management LLC DE increased its holdings in Xylem Inc. (NYSE:XYL) by 16.4% in the 4th quarter, Holdings Channel reports. The fund owned 9,356 shares of the industrial products company’s stock after buying an additional 1,318 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Xylem were worth $1,086,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Nordea Investment Management AB lifted its holdings in shares of Xylem by 24.6% during the fourth quarter. Nordea Investment Management AB now owns 26,798 shares of the industrial products company’s stock valued at $3,125,000 after purchasing an additional 5,286 shares during the last quarter. MML Investors Services LLC increased its position in Xylem by 66.9% during the 3rd quarter. MML Investors Services LLC now owns 15,935 shares of the industrial products company’s stock valued at $2,152,000 after buying an additional 6,386 shares in the last quarter. Swedbank AB raised its stake in Xylem by 23.1% during the fourth quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company’s stock valued at $427,325,000 after buying an additional 691,618 shares during the last quarter. Groupama Asset Managment grew its stake in shares of Xylem by 89.6% in the third quarter. Groupama Asset Managment now owns 16,340 shares of the industrial products company’s stock worth $2,206,000 after acquiring an additional 7,723 shares during the last quarter. Finally, Benson Investment Management Company Inc. bought a new position in shares of Xylem during the fourth quarter valued at $5,094,000. 87.96% of the stock is owned by hedge funds and other institutional investors.

Xylem Price Performance

Shares of XYL opened at $122.19 on Friday. The firm has a fifty day simple moving average of $125.71 and a two-hundred day simple moving average of $125.97. The firm has a market cap of $29.70 billion, a PE ratio of 33.39, a P/E/G ratio of 2.33 and a beta of 1.08. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 1-year low of $113.26 and a 1-year high of $146.08.

Xylem (NYSE:XYL) last issued its quarterly earnings data 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. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the previous year, the company posted $0.99 earnings per share. Xylem’s revenue was up 8.6% compared to the same quarter last year. On average, equities analysts anticipate that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend was Tuesday, February 18th. This is a boost from Xylem’s previous quarterly dividend of $0.36. Xylem’s dividend payout ratio is 43.72%.

Analyst Ratings Changes

Several brokerages recently commented on XYL. Robert W. Baird increased 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 cut their price target on shares of Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Citigroup lowered shares of Xylem from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 5th. Finally, Wolfe Research reiterated a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Xylem has an average rating of “Moderate Buy” and a consensus price target of $149.89.

Xylem Company 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.