Courier Capital LLC Acquires 198 Shares of Xylem Inc. (NYSE:XYL)

Courier Capital LLC lifted its holdings in Xylem Inc. (NYSE:XYL) by 8.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund 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 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in XYL. Meeder Advisory Services Inc. bought a new position in Xylem during the 2nd quarter worth approximately $204,000. Envestnet Asset Management Inc. boosted its stake in shares of Xylem by 3.9% during the second quarter. Envestnet Asset Management Inc. now owns 366,038 shares of the industrial products company’s stock valued at $49,646,000 after purchasing an additional 13,671 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Xylem by 8.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,474,033 shares of the industrial products company’s stock worth $199,930,000 after purchasing an additional 113,571 shares during the last quarter. Quantbot Technologies LP increased its stake in shares of Xylem by 1,051.7% in the second quarter. Quantbot Technologies LP now owns 20,489 shares of the industrial products company’s stock worth $2,779,000 after buying an additional 18,710 shares during the period. Finally, Citizens Financial Group Inc. RI raised its holdings in Xylem by 23.7% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 2,424 shares of the industrial products company’s stock valued at $329,000 after buying an additional 465 shares during the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Analyst Upgrades and Downgrades

XYL has been the topic of a number of analyst reports. Citigroup decreased their price objective on shares of Xylem from $148.00 to $147.00 and set a “buy” rating on the stock in a research report on Monday. TD Cowen reduced their price target on Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. Robert W. Baird dropped their price objective on Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Stifel Nicolaus reduced their target price on Xylem from $172.00 to $166.00 and set a “buy” rating on the stock in a research note on Wednesday, December 11th. Finally, Royal Bank of Canada dropped their price target on Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $152.10.

Xylem Price Performance

XYL opened at $115.48 on Wednesday. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. The company has a market cap of $28.06 billion, a price-to-earnings ratio of 33.77, a price-to-earnings-growth ratio of 2.22 and a beta of 1.06. The stock has a fifty day simple moving average of $121.55 and a two-hundred day simple moving average of $129.20. Xylem Inc. has a 12-month low of $109.39 and a 12-month 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 (EPS) for the quarter, hitting the consensus estimate of $1.11. The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.17 billion. Xylem had a net margin of 9.85% and a return on equity of 9.61%. Xylem’s quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the business earned $0.99 EPS. Research analysts predict that Xylem Inc. will post 4.23 earnings per share for the current fiscal year.

Xylem Dividend Announcement

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

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.