Prime Capital Investment Advisors LLC Makes New Investment in Xylem Inc. (NYSE:XYL)

Prime Capital Investment Advisors LLC bought a new position in Xylem Inc. (NYSE:XYL) in the 4th quarter, Holdings Channel.com reports. The fund bought 1,811 shares of the industrial products company’s stock, valued at approximately $207,000.

Several other large investors also recently added to or reduced their stakes in the business. Patten Group Inc. grew its position in Xylem by 0.3% in the fourth quarter. Patten Group Inc. now owns 31,112 shares of the industrial products company’s stock worth $3,558,000 after acquiring an additional 99 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Xylem by 4.6% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 2,238 shares of the industrial products company’s stock worth $256,000 after buying an additional 99 shares during the period. Evergreen Capital Management LLC boosted its holdings in shares of Xylem by 1.9% during the 4th quarter. Evergreen Capital Management LLC now owns 5,319 shares of the industrial products company’s stock worth $588,000 after buying an additional 100 shares during the period. Harbour Investments Inc. boosted its holdings in shares of Xylem by 1.1% during the 1st quarter. Harbour Investments Inc. now owns 9,017 shares of the industrial products company’s stock worth $944,000 after buying an additional 101 shares during the period. Finally, Boston Trust Walden Corp boosted its holdings in shares of Xylem by 3.2% during the 4th quarter. Boston Trust Walden Corp now owns 3,418 shares of the industrial products company’s stock worth $391,000 after buying an additional 107 shares during the period. 87.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Citigroup upped their price objective on shares of Xylem from $126.00 to $139.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. BNP Paribas assumed coverage on shares of Xylem in a report on Tuesday, March 12th. They set an “outperform” rating and a $150.00 price objective for the company. Royal Bank of Canada upped their price objective on shares of Xylem from $140.00 to $145.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Raymond James raised shares of Xylem from an “underperform” rating to a “market perform” rating in a report on Thursday, January 4th. Finally, Stifel Nicolaus increased their price target on shares of Xylem from $136.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $135.44.

Xylem Trading Down 0.5 %

Shares of Xylem stock opened at $128.11 on Monday. The stock has a market capitalization of $31.05 billion, a P/E ratio of 47.10, a price-to-earnings-growth ratio of 2.55 and a beta of 1.10. The company has a quick ratio of 1.30, a current ratio of 1.76 and a debt-to-equity ratio of 0.22. The company has a 50-day simple moving average of $126.36 and a 200 day simple moving average of $111.39. Xylem Inc. has a 12-month low of $87.59 and a 12-month high of $130.86.

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 analysts’ consensus estimates of $0.96 by $0.03. The business had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.05 billion. Xylem had a net margin of 8.27% and a return on equity of 9.65%. The firm’s revenue for the quarter was up 40.6% on a year-over-year basis. During the same quarter last year, the company posted $0.92 EPS. Research analysts expect that Xylem Inc. will post 4.13 earnings per share for the current fiscal year.

Xylem Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 21st were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $1.44 dividend on an annualized basis and a yield of 1.12%. This is a positive change from Xylem’s previous quarterly dividend of $0.33. Xylem’s dividend payout ratio is currently 52.94%.

Insiders Place Their Bets

In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $122.89, for a total transaction of $122,890.00. Following the sale, the chief accounting officer now owns 2,935 shares of the company’s stock, valued at approximately $360,682.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $122.89, for a total transaction of $122,890.00. Following the sale, the chief accounting officer now owns 2,935 shares of the company’s stock, valued at approximately $360,682.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Franz Cerwinka sold 2,408 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $121.79, for a total transaction of $293,270.32. Following the completion of the transaction, the senior vice president now directly owns 11,750 shares in the company, valued at approximately $1,431,032.50. The disclosure for this sale can be found here. Insiders own 0.90% of the company’s stock.

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.