Courier Capital LLC Increases Stake in Xylem Inc. (NYSE:XYL)

Courier Capital LLC raised its position in shares of Xylem Inc. (NYSE:XYL) by 8.4% in the fourth quarter, Holdings Channel reports. The firm owned 2,544 shares of the industrial products company’s stock after acquiring an additional 198 shares during the quarter. Courier Capital LLC’s holdings in Xylem were worth $295,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Miracle Mile Advisors LLC raised its stake in shares of Xylem by 20.8% in the fourth quarter. Miracle Mile Advisors LLC now owns 9,636 shares of the industrial products company’s stock worth $1,118,000 after purchasing an additional 1,658 shares during the last quarter. Fulcrum Capital LLC increased its holdings in Xylem by 1.9% in the 4th quarter. Fulcrum Capital LLC now owns 56,610 shares of the industrial products company’s stock worth $6,568,000 after buying an additional 1,053 shares in the last quarter. Asset Allocation & Management Company LLC purchased a new position in Xylem in the 4th quarter worth about $231,000. TT International Asset Management LTD lifted its stake in Xylem by 70.5% during the 4th quarter. TT International Asset Management LTD now owns 25,653 shares of the industrial products company’s stock valued at $2,976,000 after acquiring an additional 10,608 shares during the period. Finally, Czech National Bank boosted its holdings in shares of Xylem by 6.5% during the 4th quarter. Czech National Bank now owns 52,676 shares of the industrial products company’s stock valued at $6,111,000 after acquiring an additional 3,197 shares during the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on XYL. Royal Bank of Canada decreased their price objective 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 lowered their price target on Xylem from $172.00 to $166.00 and set a “buy” rating on the stock in a report on Wednesday, December 11th. Citigroup dropped their price target on Xylem from $148.00 to $147.00 and set a “buy” rating on the stock in a research note on Monday. TD Cowen reduced their price objective on Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Finally, Wolfe Research reissued a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Xylem has a consensus rating of “Moderate Buy” and an average price target of $152.10.

Xylem Stock Down 0.1 %

NYSE XYL opened at $115.48 on Wednesday. The stock’s 50-day moving average price is $121.55 and its 200-day moving average price is $129.20. The company has a market capitalization of $28.06 billion, a P/E ratio of 33.77, a price-to-earnings-growth ratio of 2.22 and a beta of 1.06. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 52 week low of $109.39 and a 52 week high of $146.08.

Xylem (NYSE:XYL) last issued its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, meeting the consensus estimate of $1.11. The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.17 billion. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.99 earnings per share. On average, equities research analysts predict that Xylem Inc. will post 4.23 earnings per share for the current year.

Xylem Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th were paid a $0.36 dividend. The ex-dividend date was Tuesday, November 26th. This represents a $1.44 dividend on an annualized basis and a yield of 1.25%. Xylem’s payout ratio is presently 42.11%.

About Xylem

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.