Weil Company Inc. Buys Shares of 1,786 Xylem Inc. (NYSE:XYL)

Weil Company Inc. bought a new position in Xylem Inc. (NYSE:XYL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,786 shares of the industrial products company’s stock, valued at approximately $204,000.

Several other hedge funds have also modified their holdings of XYL. Teacher Retirement System of Texas grew its stake in Xylem by 2.5% during the 3rd quarter. Teacher Retirement System of Texas now owns 18,543 shares of the industrial products company’s stock worth $1,688,000 after buying an additional 447 shares during the last quarter. Sentry Investment Management LLC increased its holdings in shares of Xylem by 9.2% during the third quarter. Sentry Investment Management LLC now owns 1,386 shares of the industrial products company’s stock valued at $126,000 after acquiring an additional 117 shares in the last quarter. NBC Securities Inc. purchased a new position in shares of Xylem in the 3rd quarter valued at approximately $38,000. Ieq Capital LLC raised its position in shares of Xylem by 30.0% in the 3rd quarter. Ieq Capital LLC now owns 6,774 shares of the industrial products company’s stock valued at $617,000 after purchasing an additional 1,565 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Xylem by 140.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 181,751 shares of the industrial products company’s stock worth $16,545,000 after purchasing an additional 106,183 shares during the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Robert W. Baird raised their price target on shares of Xylem from $151.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Royal Bank of Canada boosted their price target on Xylem from $157.00 to $162.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Stifel Nicolaus raised their price objective on Xylem from $136.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Mizuho lifted their target price on Xylem from $110.00 to $135.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Finally, Oppenheimer increased their price target on shares of Xylem from $142.00 to $147.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Xylem presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.70.

Xylem Stock Performance

XYL stock traded up $0.51 during midday trading on Friday, hitting $144.23. 850,865 shares of the stock traded hands, compared to its average volume of 1,184,666. Xylem Inc. has a 1-year low of $87.59 and a 1-year high of $146.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.67 and a quick ratio of 1.22. The stock’s fifty day simple moving average is $133.10 and its 200-day simple moving average is $120.21. The firm has a market cap of $34.97 billion, a P/E ratio of 51.43, a PEG ratio of 2.70 and a beta of 1.08.

Xylem (NYSE:XYL) last posted its earnings results on Thursday, May 2nd. The industrial products company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.06. The firm had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2 billion. Xylem had a return on equity of 8.95% and a net margin of 8.34%. The company’s quarterly revenue was up 40.4% on a year-over-year basis. During the same period last year, the firm earned $0.72 EPS. On average, analysts expect that Xylem Inc. will post 4.24 earnings per share for the current year.

Xylem Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be given a dividend of $0.36 per share. The ex-dividend date is Thursday, May 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.00%. Xylem’s dividend payout ratio (DPR) is 51.25%.

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.