NBC Securities Inc. Invests $72,000 in Xylem Inc. (NYSE:XYL)

NBC Securities Inc. acquired a new position in shares of Xylem Inc. (NYSE:XYL) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 609 shares of the industrial products company’s stock, valued at approximately $72,000.

A number of other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Xylem by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 28,644,417 shares of the industrial products company’s stock valued at $3,323,325,000 after buying an additional 303,854 shares during the period. Geode Capital Management LLC boosted its stake in shares of Xylem by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 5,804,247 shares of the industrial products company’s stock valued at $671,623,000 after buying an additional 135,492 shares during the period. Impax Asset Management Group plc boosted its stake in shares of Xylem by 231.5% in the fourth quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company’s stock valued at $644,039,000 after buying an additional 3,883,845 shares during the period. Royal Bank of Canada boosted its stake in shares of Xylem by 7.9% in the fourth quarter. Royal Bank of Canada now owns 4,369,804 shares of the industrial products company’s stock valued at $506,985,000 after buying an additional 320,500 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of Xylem by 9.8% in the fourth quarter. Invesco Ltd. now owns 4,009,907 shares of the industrial products company’s stock valued at $465,229,000 after buying an additional 359,276 shares during the period. Institutional investors own 87.96% of the company’s stock.

Analyst Ratings Changes

XYL has been the subject of several recent research reports. Citigroup cut their price target on Xylem from $152.00 to $134.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Robert W. Baird cut their price target on Xylem from $149.00 to $146.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. Stifel Nicolaus boosted their price target on Xylem from $140.00 to $141.00 and gave the company a “buy” rating in a research note on Wednesday, April 30th. Royal Bank of Canada upped their target price on Xylem from $143.00 to $147.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. Finally, Raymond James upgraded Xylem to a “hold” rating in a research note on Thursday, May 15th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $143.71.

Xylem Stock Down 1.2%

NYSE XYL opened at $127.00 on Thursday. The business has a fifty day moving average price of $119.60 and a two-hundred day moving average price of $121.76. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $143.50. The stock has a market capitalization of $30.91 billion, a PE ratio of 34.70, a PEG ratio of 2.33 and a beta of 1.13.

Xylem (NYSE:XYL) last announced its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.08. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.04 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.90 earnings per share. Equities analysts expect that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, May 29th will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, May 29th. This represents a $1.60 annualized dividend and a dividend yield of 1.26%. Xylem’s dividend payout ratio (DPR) is presently 43.01%.

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.