Park Avenue Securities LLC Increases Stock Position in Xylem Inc. (NYSE:XYL)

Park Avenue Securities LLC increased its stake in Xylem Inc. (NYSE:XYL) by 10.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,833 shares of the industrial products company’s stock after buying an additional 268 shares during the period. Park Avenue Securities LLC’s holdings in Xylem were worth $329,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its holdings in shares of Xylem by 95.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 223,074 shares of the industrial products company’s stock valued at $25,881,000 after acquiring an additional 108,672 shares in the last quarter. Rockland Trust Co. grew its position in Xylem by 52.1% during the 4th quarter. Rockland Trust Co. now owns 4,065 shares of the industrial products company’s stock valued at $472,000 after purchasing an additional 1,393 shares during the last quarter. 180 Wealth Advisors LLC bought a new stake in Xylem during the 4th quarter valued at about $202,000. Benson Investment Management Company Inc. purchased a new position in Xylem in the fourth quarter worth about $5,094,000. Finally, Courier Capital LLC raised its holdings in Xylem by 8.4% in the fourth quarter. Courier Capital LLC now owns 2,544 shares of the industrial products company’s stock worth $295,000 after buying an additional 198 shares during the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Xylem Stock Performance

Shares of NYSE XYL opened at $121.53 on Friday. Xylem Inc. has a 12-month low of $111.72 and a 12-month high of $146.08. The firm has a market capitalization of $29.53 billion, a price-to-earnings ratio of 35.54, a price-to-earnings-growth ratio of 2.05 and a beta of 1.06. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. The firm has a 50 day moving average of $120.88 and a 200 day moving average of $128.41.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 EPS for the quarter, hitting the consensus estimate of $1.11. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period in the prior year, the business posted $0.99 EPS. Xylem’s revenue was up .2% on a year-over-year basis. On average, research analysts anticipate that Xylem Inc. will post 4.23 earnings per share for the current year.

Xylem Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, November 26th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.18%. Xylem’s dividend payout ratio (DPR) is presently 42.11%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Stifel Nicolaus reduced their price target on shares of Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a research report on Friday. Citigroup reduced their target price on Xylem from $148.00 to $147.00 and set a “buy” rating for the company in a report on Monday, January 13th. Wolfe Research reaffirmed a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Robert W. Baird reduced their price objective on Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Finally, Royal Bank of Canada lowered their target price on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Xylem presently has a consensus rating of “Moderate Buy” and an average price target of $150.50.

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.