Graypoint LLC Makes New Investment in Xylem Inc. (NYSE:XYL)

Graypoint LLC purchased a new position in Xylem Inc. (NYSE:XYL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,798 shares of the industrial products company’s stock, valued at approximately $320,000.

A number of other large investors have also bought and sold shares of XYL. Bruce G. Allen Investments LLC purchased a new position in Xylem in the 4th quarter worth approximately $27,000. NBC Securities Inc. purchased a new position in Xylem in the 3rd quarter worth approximately $38,000. KB Financial Partners LLC purchased a new position in Xylem in the 1st quarter worth approximately $42,000. Coppell Advisory Solutions LLC purchased a new position in shares of Xylem during the second quarter valued at approximately $45,000. Finally, ST Germain D J Co. Inc. purchased a new position in shares of Xylem during the second quarter valued at approximately $46,000. 87.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on XYL shares. Stifel Nicolaus boosted their target price on Xylem from $136.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Citigroup boosted their target price on Xylem from $126.00 to $139.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. BNP Paribas started coverage on Xylem in a research note on Tuesday, March 12th. They set an “outperform” rating and a $150.00 target price on the stock. Royal Bank of Canada boosted their target price on Xylem from $140.00 to $145.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Finally, Robert W. Baird upped their price target on Xylem from $141.00 to $148.00 and gave the stock an “outperform” rating in a research note on Thursday, March 21st. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Xylem currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.44.

Insiders Place Their Bets

In other Xylem news, SVP Franz Cerwinka sold 2,408 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $121.79, for a total value of $293,270.32. Following the transaction, the senior vice president now directly owns 11,750 shares of the company’s stock, valued at $1,431,032.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Franz Cerwinka sold 2,408 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $121.79, for a total value of $293,270.32. Following the transaction, the senior vice president now owns 11,750 shares of the company’s stock, valued at $1,431,032.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Geri-Michelle Mcshane sold 1,000 shares of Xylem stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $122.89, for a total value of $122,890.00. Following the sale, the chief accounting officer now directly owns 2,935 shares in the company, valued at approximately $360,682.15. The disclosure for this sale can be found here. Insiders own 0.27% of the company’s stock.

Xylem Trading Down 0.5 %

Xylem stock opened at $128.11 on Monday. The company has a market capitalization of $31.05 billion, a price-to-earnings ratio of 47.10, a price-to-earnings-growth ratio of 2.55 and a beta of 1.10. The company has a current ratio of 1.76, a quick ratio of 1.30 and a debt-to-equity ratio of 0.22. Xylem Inc. has a 12 month low of $87.59 and a 12 month high of $130.86. The business’s fifty day simple moving average is $126.36 and its two-hundred day simple moving average is $111.39.

Xylem (NYSE:XYL) last announced its earnings results on Tuesday, February 6th. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.03. The business had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.05 billion. Xylem had a return on equity of 9.65% and a net margin of 8.27%. The business’s revenue for the quarter was up 40.6% on a year-over-year basis. During the same period last year, the firm posted $0.92 earnings per share. As a group, equities analysts predict that Xylem Inc. will post 4.13 earnings per share for the current fiscal year.

Xylem Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 21st were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.12%. This is a boost from Xylem’s previous quarterly dividend of $0.33. The ex-dividend date was Tuesday, February 20th. Xylem’s dividend payout ratio (DPR) is presently 52.94%.

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.