Angeles Wealth Management LLC Increases Position in Xylem Inc. (NYSE:XYL)

Angeles Wealth Management LLC lifted its position in shares of Xylem Inc. (NYSE:XYL) by 16.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,876 shares of the industrial products company’s stock after purchasing an additional 414 shares during the period. Angeles Wealth Management LLC’s holdings in Xylem were worth $334,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of XYL. Heck Capital Advisors LLC bought a new stake in Xylem during the fourth quarter valued at about $36,000. Assetmark Inc. grew its position in shares of Xylem by 3,887.5% during the third quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 311 shares in the last quarter. Versant Capital Management Inc raised its stake in Xylem by 318.2% during the 4th quarter. Versant Capital Management Inc now owns 368 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 280 shares during the period. Catalyst Capital Advisors LLC lifted its holdings in Xylem by 226.0% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 339 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 235 shares in the last quarter. Finally, Brooklyn Investment Group bought a new position in Xylem in the 3rd quarter worth approximately $55,000. Institutional investors own 87.96% of the company’s stock.

Analyst Upgrades and Downgrades

XYL has been the topic of several recent analyst reports. Wolfe Research reiterated a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Robert W. Baird lifted their price target on shares of Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Citigroup downgraded shares of Xylem from a “strong-buy” rating to a “hold” 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, Stifel Nicolaus dropped their price target on Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Xylem currently has an average rating of “Moderate Buy” and a consensus target price of $149.90.

Xylem Trading Up 0.1 %

Shares of NYSE XYL opened at $131.24 on Tuesday. The stock has a market capitalization of $31.88 billion, a P/E ratio of 35.86, a PEG ratio of 2.36 and a beta of 1.07. Xylem Inc. has a 1-year low of $113.26 and a 1-year high of $146.08. The business’s 50 day moving average is $121.03 and its two-hundred day moving average is $127.35. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.42.

Xylem (NYSE:XYL) last released its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.06. The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.18 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 EPS. As a group, research analysts expect that Xylem Inc. will post 4.66 EPS for the current year.

Xylem Increases Dividend

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

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.