Xylem Inc. (NYSE:XYL) Holdings Lifted by Gitterman Wealth Management LLC

Gitterman Wealth Management LLC boosted its position in shares of Xylem Inc. (NYSE:XYL) by 12.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,552 shares of the industrial products company’s stock after purchasing an additional 491 shares during the period. Xylem accounts for approximately 0.2% of Gitterman Wealth Management LLC’s portfolio, making the stock its 21st biggest position. Gitterman Wealth Management LLC’s holdings in Xylem were worth $521,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Bruce G. Allen Investments LLC acquired a new stake in Xylem during the fourth quarter valued at $27,000. NBC Securities Inc. acquired a new stake in shares of Xylem in the third quarter worth about $38,000. Orion Capital Management LLC acquired a new stake in shares of Xylem in the third quarter worth about $48,000. Gradient Investments LLC lifted its position in shares of Xylem by 28.6% in the fourth quarter. Gradient Investments LLC now owns 576 shares of the industrial products company’s stock worth $66,000 after buying an additional 128 shares during the last quarter. Finally, WASHINGTON TRUST Co lifted its position in shares of Xylem by 34.9% in the fourth quarter. WASHINGTON TRUST Co now owns 619 shares of the industrial products company’s stock worth $71,000 after buying an additional 160 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Price Performance

Shares of NYSE XYL traded up $1.79 during midday trading on Friday, reaching $132.40. 1,112,276 shares of the company traded hands, compared to its average volume of 1,016,049. The firm has a market cap of $32.09 billion, a PE ratio of 48.68, a PEG ratio of 2.64 and a beta of 1.10. The stock’s 50-day simple moving average is $127.73 and its 200-day simple moving average is $113.90. Xylem Inc. has a 12 month low of $87.59 and a 12 month high of $132.65. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.30 and a current ratio of 1.76.

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

Xylem Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 21st were paid 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 dividend on an annualized basis and a dividend yield of 1.09%. Xylem’s dividend payout ratio (DPR) is 52.94%.

Insider Activity

In other news, SVP Franz Cerwinka sold 2,408 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $121.79, for a total value of $293,270.32. Following the completion of the sale, 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 filing with the SEC, which is accessible through this link. In related news, CAO Geri-Michelle Mcshane sold 1,000 shares of Xylem stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $122.89, for a total value 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Franz Cerwinka sold 2,408 shares of Xylem 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 completion of 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 currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on XYL. Raymond James raised Xylem from an “underperform” rating to a “market perform” rating in a research report on Thursday, January 4th. BNP Paribas began coverage on Xylem in a research report on Tuesday, March 12th. They issued an “outperform” rating and a $150.00 price target for the company. Citigroup boosted their price target on Xylem from $126.00 to $139.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Oppenheimer lifted their price objective on Xylem from $133.00 to $142.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. Finally, Robert W. Baird lifted their price objective 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 assigned a buy rating to the company. Based on data from MarketBeat, Xylem currently has an average rating of “Moderate Buy” and an average target price 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.