Xylem Inc. (NYSE:XYL) Shares Purchased by Simplicity Solutions LLC

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

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in XYL. Bruce G. Allen Investments LLC acquired a new position in Xylem in the fourth quarter valued at $27,000. NBC Securities Inc. acquired a new position in Xylem in the third quarter valued at $38,000. KB Financial Partners LLC purchased a new position in Xylem in the first quarter valued at about $42,000. Coppell Advisory Solutions LLC purchased a new position in Xylem in the second quarter valued at about $45,000. Finally, Orion Capital Management LLC purchased a new position in Xylem in the third quarter valued at about $48,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Stock Up 0.7 %

Shares of Xylem stock opened at $127.16 on Friday. 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 firm has a market cap of $30.82 billion, a P/E ratio of 46.75, a P/E/G ratio of 2.52 and a beta of 1.10. Xylem Inc. has a fifty-two week low of $87.59 and a fifty-two week high of $130.86. The business has a 50-day moving average price of $126.94 and a 200 day moving average price of $112.11.

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

Xylem Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 21st were issued a $0.36 dividend. 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 1.13%. The ex-dividend date of this dividend was Tuesday, February 20th. Xylem’s payout ratio is currently 52.94%.

Analyst Upgrades and Downgrades

Several research firms have commented on XYL. Oppenheimer raised their price objective on Xylem from $133.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday. Citigroup raised their price objective on Xylem from $126.00 to $139.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Stifel Nicolaus raised their price objective on Xylem from $136.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Robert W. Baird lifted their target price on Xylem from $141.00 to $148.00 and gave the stock an “outperform” rating in a research report on Thursday, March 21st. Finally, Royal Bank of Canada lifted their target price on Xylem from $140.00 to $145.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Xylem presently has a consensus rating of “Moderate Buy” and an average price target of $138.11.

Insider Buying and Selling at Xylem

In other Xylem news, SVP Franz Cerwinka sold 2,408 shares of Xylem stock in a transaction that occurred 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 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 legal filing with the SEC, which is accessible through this hyperlink. In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of Xylem stock in a transaction that occurred on 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 transaction, the chief accounting officer now directly owns 2,935 shares in the company, valued at $360,682.15. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Franz Cerwinka sold 2,408 shares of Xylem stock in a transaction that occurred 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 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 insiders.

Xylem Company 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.