512 Shares in Xylem Inc. (NYSE:XYL) Acquired by Wingate Wealth Advisors Inc.

Wingate Wealth Advisors Inc. acquired a new position in shares of Xylem Inc. (NYSE:XYL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 512 shares of the industrial products company’s stock, valued at approximately $59,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XYL. Heck Capital Advisors LLC acquired a new position in Xylem during the fourth quarter worth $36,000. Assetmark Inc. boosted its stake in 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 buying an additional 311 shares during the last quarter. Versant Capital Management Inc boosted its stake in Xylem by 318.2% during the fourth quarter. Versant Capital Management Inc now owns 368 shares of the industrial products company’s stock worth $43,000 after buying an additional 280 shares during the last quarter. Catalyst Capital Advisors LLC boosted its stake in Xylem by 226.0% during the third quarter. Catalyst Capital Advisors LLC now owns 339 shares of the industrial products company’s stock worth $46,000 after buying an additional 235 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in Xylem during the third quarter worth $55,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Price Performance

XYL stock opened at $131.24 on Tuesday. The company has a current ratio of 1.76, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $31.88 billion, a PE ratio of 35.86, a P/E/G ratio of 2.36 and a beta of 1.07. Xylem Inc. has a 12-month low of $113.26 and a 12-month high of $146.08. The business’s fifty day moving average price is $121.03 and its 200 day moving average price is $127.35.

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

Xylem Increases Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on XYL. Wolfe Research reaffirmed a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Royal Bank of Canada decreased their price target on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. TD Cowen decreased their price target on Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. Stifel Nicolaus decreased their price target on Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Finally, Citigroup lowered Xylem from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Xylem currently has an average rating of “Moderate Buy” and an average target price of $149.90.

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.