Xylem Inc. (NYSE:XYL) Shares Acquired by Venturi Wealth Management LLC

Venturi Wealth Management LLC grew its holdings in Xylem Inc. (NYSE:XYL) by 8.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,173 shares of the industrial products company’s stock after acquiring an additional 325 shares during the period. Venturi Wealth Management LLC’s holdings in Xylem were worth $484,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Heck Capital Advisors LLC acquired a new position in shares of Xylem during the fourth quarter worth $36,000. Pathway Financial Advisers LLC grew its stake in shares of Xylem by 122.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 175 shares in the last quarter. Assetmark Inc. grew its stake 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 grew its stake in shares of 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 purchasing an additional 280 shares in the last quarter. Finally, Catalyst Capital Advisors LLC grew its stake in shares of 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 purchasing an additional 235 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on XYL shares. Citigroup downgraded shares of Xylem from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Wolfe Research reiterated a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Stifel Nicolaus lowered their target price on shares of Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Robert W. Baird boosted their price target on shares of Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Finally, Royal Bank of Canada reduced their price target on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $149.90.

Xylem Price Performance

Shares of NYSE:XYL opened at $130.28 on Thursday. The company has a 50-day simple moving average of $121.50 and a 200-day simple moving average of $127.16. Xylem Inc. has a one year low of $113.26 and a one year high of $146.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. The stock has a market capitalization of $31.65 billion, a price-to-earnings ratio of 35.60, a PEG ratio of 2.32 and a beta of 1.07.

Xylem (NYSE:XYL) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, beating 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 business had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same period in the prior year, the company earned $0.99 earnings per share. The business’s revenue was up 8.6% compared to the same quarter last year. On average, analysts predict that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.40 per share. This is a boost from Xylem’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Tuesday, February 18th. Xylem’s dividend payout ratio is currently 43.72%.

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.