Proficio Capital Partners LLC Acquires New Stake in Xylem Inc. (NYSE:XYL)

Proficio Capital Partners LLC acquired a new stake in shares of Xylem Inc. (NYSE:XYL) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 95,252 shares of the industrial products company’s stock, valued at approximately $11,051,000.

A number of other hedge funds have also made changes to their positions in XYL. Impax Asset Management Group plc increased its stake in shares of Xylem by 231.5% during the fourth quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company’s stock valued at $644,039,000 after acquiring an additional 3,883,845 shares during the period. Victory Capital Management Inc. increased its stake in shares of Xylem by 42.9% during the fourth quarter. Victory Capital Management Inc. now owns 2,326,024 shares of the industrial products company’s stock valued at $269,865,000 after acquiring an additional 698,745 shares during the period. Swedbank AB boosted its holdings in Xylem by 23.1% during the fourth quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company’s stock worth $427,325,000 after buying an additional 691,618 shares in the last quarter. Erste Asset Management GmbH bought a new stake in Xylem during the third quarter worth approximately $68,593,000. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Xylem during the third quarter worth approximately $52,169,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Trading Up 1.4 %

Xylem stock opened at $122.74 on Friday. The company has a 50 day moving average price of $124.74 and a 200 day moving average price of $126.63. Xylem Inc. has a 52 week low of $113.26 and a 52 week high of $146.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. The firm has a market capitalization of $29.83 billion, a price-to-earnings ratio of 33.54, a P/E/G ratio of 2.33 and a beta of 1.08.

Xylem (NYSE:XYL) last released its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.06. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the prior year, the firm earned $0.99 EPS. The company’s revenue was up 8.6% compared to the same quarter last year. Research analysts forecast that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th will be given a $0.40 dividend. This is an increase from Xylem’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.60 dividend on an annualized basis and a yield of 1.30%. Xylem’s dividend payout ratio is presently 43.72%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Robert W. Baird raised their target price on shares of Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Stifel Nicolaus reduced their target price on shares of Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a report on Friday, January 24th. Wolfe Research restated a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Finally, Citigroup cut shares of Xylem from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $149.89.

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.