Bay Colony Advisory Group Inc d b a Bay Colony Advisors Acquires New Shares in Xylem Inc. (NYSE:XYL)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of Xylem Inc. (NYSE:XYL) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 2,533 shares of the industrial products company’s stock, valued at approximately $294,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in XYL. Farther Finance Advisors LLC raised its position in Xylem by 6.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,412 shares of the industrial products company’s stock valued at $191,000 after purchasing an additional 87 shares during the last quarter. Clear Creek Financial Management LLC raised its position in Xylem by 4.3% during the 4th quarter. Clear Creek Financial Management LLC now owns 2,315 shares of the industrial products company’s stock valued at $269,000 after purchasing an additional 96 shares during the last quarter. Bleakley Financial Group LLC raised its position in Xylem by 2.3% during the 4th quarter. Bleakley Financial Group LLC now owns 4,359 shares of the industrial products company’s stock valued at $506,000 after purchasing an additional 96 shares during the last quarter. U.S. Capital Wealth Advisors LLC raised its position in Xylem by 1.3% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 7,868 shares of the industrial products company’s stock valued at $913,000 after purchasing an additional 98 shares during the last quarter. Finally, Mcrae Capital Management Inc. raised its position in Xylem by 2.9% during the 4th quarter. Mcrae Capital Management Inc. now owns 3,575 shares of the industrial products company’s stock valued at $415,000 after purchasing an additional 100 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors.

Xylem Stock Up 1.4 %

Shares of NYSE:XYL opened at $130.79 on Friday. Xylem Inc. has a 52-week low of $113.26 and a 52-week high of $146.08. The firm has a market capitalization of $31.79 billion, a P/E ratio of 35.74, a P/E/G ratio of 2.33 and a beta of 1.08. The stock has a 50 day moving average price of $124.00 and a 200-day moving average price of $127.06. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76.

Xylem (NYSE:XYL) last posted its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.06. The company 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 firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.99 EPS. As a group, equities research analysts anticipate that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.60 annualized dividend and a dividend yield of 1.22%. This is an increase from Xylem’s previous quarterly dividend of $0.36. Xylem’s dividend payout ratio is presently 43.72%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on XYL shares. Citigroup lowered Xylem from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Wolfe Research reaffirmed a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Stifel Nicolaus lowered their price target on Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Finally, Robert W. Baird increased their target price on Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.