Simplicity Solutions LLC Purchases 150 Shares of Xylem Inc. (NYSE:XYL)

Simplicity Solutions LLC raised its position in shares of Xylem Inc. (NYSE:XYL) by 3.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,952 shares of the industrial products company’s stock after acquiring an additional 150 shares during the period. Simplicity Solutions LLC’s holdings in Xylem were worth $452,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Panagora Asset Management Inc. raised its position in shares of Xylem by 21.7% during the first quarter. Panagora Asset Management Inc. now owns 14,297 shares of the industrial products company’s stock valued at $1,219,000 after buying an additional 2,550 shares during the last quarter. Yousif Capital Management LLC raised its position in shares of Xylem by 1.5% during the first quarter. Yousif Capital Management LLC now owns 27,307 shares of the industrial products company’s stock valued at $2,328,000 after buying an additional 416 shares during the last quarter. Blair William & Co. IL raised its position in shares of Xylem by 0.5% during the first quarter. Blair William & Co. IL now owns 66,243 shares of the industrial products company’s stock valued at $5,648,000 after buying an additional 299 shares during the last quarter. Sei Investments Co. raised its position in shares of Xylem by 6.7% during the first quarter. Sei Investments Co. now owns 335,330 shares of the industrial products company’s stock valued at $28,590,000 after buying an additional 21,165 shares during the last quarter. Finally, Prudential PLC acquired a new position in shares of Xylem during the first quarter valued at about $333,000. 87.96% of the stock is currently owned by institutional investors.

Xylem Price Performance

Shares of Xylem stock opened at $127.16 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.30 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $30.82 billion, a price-to-earnings ratio of 46.75, a P/E/G ratio of 2.52 and a beta of 1.10. Xylem Inc. has a 1-year low of $87.59 and a 1-year high of $130.86. The firm’s 50-day moving average price is $126.94 and its two-hundred day moving average price is $112.11.

Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.99 EPS for the quarter, beating 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 business had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.05 billion. During the same period in the prior year, the firm earned $0.92 earnings per share. Xylem’s revenue was up 40.6% compared to the same quarter last year. On average, equities analysts predict that Xylem Inc. will post 4.13 earnings per share for the current fiscal year.

Xylem Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 21st were paid a dividend of $0.36 per share. This is a boost from Xylem’s previous quarterly dividend of $0.33. This represents a $1.44 annualized dividend and a dividend yield of 1.13%. The ex-dividend date was Tuesday, February 20th. Xylem’s dividend payout ratio is 52.94%.

Insider Activity

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Raymond James raised shares of Xylem from an “underperform” rating to a “market perform” rating in a research report on Thursday, January 4th. Royal Bank of Canada increased their price target on shares of Xylem from $140.00 to $145.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Stifel Nicolaus increased their price target on shares of Xylem from $136.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Citigroup increased their price target on shares of Xylem from $126.00 to $139.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Finally, Oppenheimer increased their price target on shares of Xylem from $133.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Xylem has a consensus rating of “Moderate Buy” and an average price target of $138.11.

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.