Newbridge Financial Services Group Inc. Makes New $69,000 Investment in Xylem Inc. (NYSE:XYL)

Newbridge Financial Services Group Inc. acquired a new position in Xylem Inc. (NYSE:XYL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 594 shares of the industrial products company’s stock, valued at approximately $69,000.

Other hedge funds have also recently bought and sold shares of the company. Swedbank AB lifted its stake in shares of 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 acquiring an additional 691,618 shares during the period. Erste Asset Management GmbH acquired a new position in Xylem during the 3rd quarter valued at about $68,593,000. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Xylem in the 3rd quarter valued at about $52,169,000. Champlain Investment Partners LLC grew its position in shares of Xylem by 17.8% during the 3rd quarter. Champlain Investment Partners LLC now owns 1,657,785 shares of the industrial products company’s stock worth $223,851,000 after buying an additional 249,975 shares during the period. Finally, State Street Corp grew its position in shares of Xylem by 1.9% during the 3rd quarter. State Street Corp now owns 10,329,494 shares of the industrial products company’s stock worth $1,394,792,000 after buying an additional 189,820 shares during the period. 87.96% of the stock is currently owned by institutional investors.

Xylem Price Performance

NYSE XYL opened at $131.24 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.76. The stock has a market cap of $31.88 billion, a price-to-earnings ratio of 35.86, a PEG ratio of 2.36 and a beta of 1.07. The business has a 50 day simple moving average of $121.03 and a 200 day simple moving average of $127.35. Xylem Inc. has a 52-week low of $113.26 and a 52-week high of $146.08.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.06. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.18 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.99 earnings per share. Analysts anticipate that Xylem Inc. will post 4.66 earnings per share for the current fiscal year.

Xylem Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This is an increase from Xylem’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.22%. Xylem’s dividend payout ratio (DPR) is presently 39.34%.

Wall Street Analysts Forecast Growth

XYL has been the topic of a number of recent research reports. Stifel Nicolaus reduced 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. Royal Bank of Canada reduced their price target on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Robert W. Baird upped their price objective on Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. TD Cowen reduced their target price on Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. Finally, Wolfe Research reaffirmed 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 seven have issued a buy rating to the stock. Based on data from MarketBeat, Xylem has a consensus rating of “Moderate Buy” and a consensus price target of $149.90.

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.