Perigon Wealth Management LLC Makes New $230,000 Investment in Xylem Inc. (NYSE:XYL)

Perigon Wealth Management LLC purchased a new position in Xylem Inc. (NYSE:XYL) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,012 shares of the industrial products company’s stock, valued at approximately $230,000.

A number of other hedge funds also recently modified their holdings of the stock. Cerity Partners LLC raised its holdings in shares of Xylem by 10.5% in the 4th quarter. Cerity Partners LLC now owns 47,621 shares of the industrial products company’s stock worth $5,446,000 after purchasing an additional 4,537 shares during the period. Sequoia Financial Advisors LLC raised its holdings in shares of Xylem by 406.6% in the 4th quarter. Sequoia Financial Advisors LLC now owns 12,006 shares of the industrial products company’s stock worth $1,373,000 after purchasing an additional 9,636 shares during the period. Baillie Gifford & Co. raised its holdings in shares of Xylem by 2.3% in the 4th quarter. Baillie Gifford & Co. now owns 3,066,639 shares of the industrial products company’s stock worth $350,701,000 after purchasing an additional 69,619 shares during the period. Perennial Advisors LLC raised its holdings in shares of Xylem by 1.6% in the 4th quarter. Perennial Advisors LLC now owns 47,613 shares of the industrial products company’s stock worth $5,445,000 after purchasing an additional 770 shares during the period. Finally, International Assets Investment Management LLC raised its holdings in shares of Xylem by 10,296.7% in the 4th quarter. International Assets Investment Management LLC now owns 63,004 shares of the industrial products company’s stock worth $7,205,000 after purchasing an additional 62,398 shares during the period. Institutional investors own 87.96% of the company’s stock.

Xylem Stock Down 1.4 %

XYL opened at $126.22 on Thursday. The company has a fifty day moving average price of $126.85 and a 200-day moving average price of $112.01. The firm has a market capitalization of $30.60 billion, a P/E ratio of 46.40, a price-to-earnings-growth ratio of 2.55 and a beta of 1.10. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.76 and a quick ratio of 1.30. Xylem Inc. has a one year low of $87.59 and a one year 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 the consensus estimate of $0.96 by $0.03. Xylem had a net margin of 8.27% and a return on equity of 9.65%. The company had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.05 billion. During the same period in the previous year, the business earned $0.92 earnings per share. The firm’s quarterly revenue was up 40.6% compared to the same quarter last year. Equities 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 announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 21st were given a $0.36 dividend. The ex-dividend date was Tuesday, February 20th. This is a positive change from Xylem’s previous quarterly dividend of $0.33. This represents a $1.44 annualized dividend and a yield of 1.14%. Xylem’s payout ratio is 52.94%.

Insider Buying and Selling

In related news, SVP Franz Cerwinka sold 2,408 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $121.79, for a total value 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 $1,431,032.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of the company’s 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 completion of the sale, the chief accounting officer now directly owns 2,935 shares in the company, valued at $360,682.15. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Franz Cerwinka sold 2,408 shares of the company’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 sale, the senior vice president now owns 11,750 shares of the company’s stock, valued at $1,431,032.50. The disclosure for this sale can be found here. 0.27% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

XYL has been the topic of a number of analyst reports. Robert W. Baird boosted their target price on shares of Xylem from $141.00 to $148.00 and gave the company an “outperform” rating in a report on Thursday, March 21st. Stifel Nicolaus boosted their target price on shares of Xylem from $136.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. BNP Paribas initiated coverage on shares of Xylem in a report 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 shares of Xylem from $140.00 to $145.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Finally, Raymond James raised shares of Xylem from an “underperform” rating to a “market perform” rating in a report on Thursday, January 4th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $135.44.

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.