Stoneridge Investment Partners LLC Invests $3.75 Million in Xylem Inc. (NYSE:XYL)

Stoneridge Investment Partners LLC acquired a new stake in shares of Xylem Inc. (NYSE:XYL) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 32,353 shares of the industrial products company’s stock, valued at approximately $3,754,000. Xylem accounts for 1.3% of Stoneridge Investment Partners LLC’s portfolio, making the stock its 23rd biggest position.

Other hedge funds also recently made changes to their positions in the company. Heck Capital Advisors LLC bought a new stake in Xylem in the fourth quarter worth $36,000. Assetmark Inc. increased its holdings in Xylem by 3,887.5% in the 3rd quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock valued at $43,000 after buying an additional 311 shares during the period. Catalyst Capital Advisors LLC lifted 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 purchasing an additional 235 shares during the period. Versant Capital Management Inc boosted its stake in Xylem by 318.2% in the 4th quarter. Versant Capital Management Inc now owns 368 shares of the industrial products company’s stock valued at $43,000 after buying an additional 280 shares in the last quarter. Finally, Brooklyn Investment Group bought a new stake in shares of Xylem in the 3rd quarter worth about $55,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Stock Performance

Shares of XYL opened at $131.11 on Friday. The firm has a market capitalization of $31.85 billion, a P/E ratio of 35.82, a P/E/G ratio of 2.36 and a beta of 1.07. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.76. Xylem Inc. has a 52 week low of $113.26 and a 52 week high of $146.08. The stock has a 50 day moving average price of $120.95 and a two-hundred day moving average price of $127.46.

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, beating the consensus estimate of $1.12 by $0.06. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.18 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.99 earnings per share. Equities analysts forecast that Xylem Inc. will post 4.66 earnings per share for the current fiscal year.

Xylem Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th will be given a $0.40 dividend. 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 dividend on an annualized basis and a yield of 1.22%. Xylem’s payout ratio is presently 39.34%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. TD Cowen dropped their target price on shares of Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Citigroup downgraded Xylem from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Stifel Nicolaus dropped 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. Robert W. Baird lifted their price target on shares of Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Wolfe Research reiterated a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Xylem 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.