V Square Quantitative Management LLC Raises Position in Xylem Inc. (NYSE:XYL)

V Square Quantitative Management LLC grew its position in Xylem Inc. (NYSE:XYL) by 7.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 7,082 shares of the industrial products company’s stock after purchasing an additional 509 shares during the quarter. V Square Quantitative Management LLC’s holdings in Xylem were worth $822,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Figure 8 Investment Strategies LLC bought a new stake in shares of Xylem in the fourth quarter worth approximately $2,328,000. Mcrae Capital Management Inc. grew its position in Xylem by 2.9% during the fourth quarter. Mcrae Capital Management Inc. now owns 3,575 shares of the industrial products company’s stock valued at $415,000 after buying an additional 100 shares during the period. Asset Management One Co. Ltd. increased its holdings in Xylem by 5.1% during the fourth quarter. Asset Management One Co. Ltd. now owns 155,081 shares of the industrial products company’s stock valued at $18,227,000 after buying an additional 7,517 shares during the last quarter. SFE Investment Counsel increased its holdings in Xylem by 48.1% during the fourth quarter. SFE Investment Counsel now owns 27,760 shares of the industrial products company’s stock valued at $3,221,000 after buying an additional 9,010 shares during the last quarter. Finally, Pathway Financial Advisers LLC increased its holdings in Xylem by 122.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock valued at $37,000 after buying an additional 175 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors.

Xylem Price Performance

Shares of NYSE:XYL opened at $129.41 on Friday. 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 firm has a fifty day moving average price of $121.33 and a 200 day moving average price of $127.25. Xylem Inc. has a fifty-two week low of $113.26 and a fifty-two week high of $146.08. The firm has a market cap of $31.44 billion, a price-to-earnings ratio of 35.36, a P/E/G ratio of 2.36 and a beta of 1.07.

Xylem (NYSE:XYL) last issued its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share 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 firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the prior year, the business earned $0.99 earnings per share. Xylem’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, sell-side analysts expect that Xylem Inc. will post 4.66 earnings per share for the current fiscal year.

Xylem Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.60 annualized dividend and a yield of 1.24%. This is a positive change from Xylem’s previous quarterly dividend of $0.36. Xylem’s dividend payout ratio (DPR) is 39.34%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Royal Bank of Canada reduced their target price on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a report on Friday, November 1st. 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. Robert W. Baird increased their price objective on shares of Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Citigroup cut shares of Xylem from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, Wolfe Research reissued a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $149.90.

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.