Rialto Wealth Management LLC Acquires New Position in Xylem Inc. (NYSE:XYL)

Rialto Wealth Management LLC acquired a new stake in Xylem Inc. (NYSE:XYL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 265 shares of the industrial products company’s stock, valued at approximately $31,000.

Other institutional investors have also recently bought and sold shares of the company. Heck Capital Advisors LLC bought a new position in shares of Xylem in the 4th quarter worth $36,000. Pathway Financial Advisers LLC lifted its stake in Xylem by 122.4% in 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 period. SRS Capital Advisors Inc. lifted its stake in Xylem by 69.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company’s stock valued at $37,000 after buying an additional 130 shares during the period. Assetmark Inc. boosted its holdings 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. Finally, Versant Capital Management Inc grew its position in shares of Xylem by 318.2% during the 4th 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 period. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Stock Performance

XYL opened at $130.79 on Monday. The company has a market capitalization of $31.79 billion, a price-to-earnings ratio of 35.74, a P/E/G ratio of 2.33 and a beta of 1.08. The business’s 50-day moving average price is $124.00 and its two-hundred day moving average price is $127.00. Xylem Inc. has a 1 year low of $113.26 and a 1 year high of $146.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33.

Xylem (NYSE:XYL) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.06. The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.18 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. Xylem’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.99 EPS. Equities analysts expect that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date is Tuesday, February 18th. This is a positive change from Xylem’s previous quarterly dividend of $0.36. Xylem’s payout ratio is currently 43.72%.

Wall Street Analyst Weigh In

XYL has been the topic of several recent analyst reports. Citigroup lowered shares of Xylem from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Robert W. Baird lifted their price target on shares of Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Wolfe Research reissued a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Finally, Stifel Nicolaus dropped their price objective on Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.