Fulcrum Capital LLC Increases Holdings in Xylem Inc. (NYSE:XYL)

Fulcrum Capital LLC raised its position in Xylem Inc. (NYSE:XYL) by 1.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 56,610 shares of the industrial products company’s stock after purchasing an additional 1,053 shares during the quarter. Xylem accounts for approximately 1.4% of Fulcrum Capital LLC’s holdings, making the stock its 24th biggest holding. Fulcrum Capital LLC’s holdings in Xylem were worth $6,568,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nordea Investment Management AB increased its position in shares of Xylem by 24.6% during the fourth quarter. Nordea Investment Management AB now owns 26,798 shares of the industrial products company’s stock worth $3,125,000 after acquiring an additional 5,286 shares during the period. MML Investors Services LLC raised its stake in shares of Xylem by 66.9% during the third quarter. MML Investors Services LLC now owns 15,935 shares of the industrial products company’s stock valued at $2,152,000 after acquiring an additional 6,386 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Xylem by 0.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,345,768 shares of the industrial products company’s stock valued at $181,719,000 after acquiring an additional 5,817 shares in the last quarter. Groupama Asset Managment raised its stake in shares of Xylem by 89.6% during the third quarter. Groupama Asset Managment now owns 16,340 shares of the industrial products company’s stock valued at $2,206,000 after acquiring an additional 7,723 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of Xylem by 2.3% during the third quarter. Franklin Resources Inc. now owns 1,597,657 shares of the industrial products company’s stock valued at $219,262,000 after acquiring an additional 36,102 shares in the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on XYL. TD Cowen decreased their price target on shares of Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Robert W. Baird reduced their price objective on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Royal Bank of Canada reduced their price objective on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Citigroup reduced their price objective on shares of Xylem from $148.00 to $147.00 and set a “buy” rating for the company in a research note on Monday. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Three analysts have rated the stock with a hold rating and eight have given 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 $152.10.

Xylem Stock Performance

NYSE:XYL traded up $1.40 during mid-day trading on Monday, hitting $115.42. The company’s stock had a trading volume of 554,173 shares, compared to its average volume of 1,053,619. Xylem Inc. has a 1 year low of $109.39 and a 1 year high of $146.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.96 and a quick ratio of 1.42. The stock has a market cap of $28.04 billion, a price-to-earnings ratio of 33.75, a PEG ratio of 2.22 and a beta of 1.06. The business’s fifty day moving average is $121.65 and its two-hundred day moving average is $129.35.

Xylem (NYSE:XYL) last posted its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.11 EPS for the quarter, meeting the consensus estimate of $1.11. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same period in the prior year, the company earned $0.99 earnings per share. The firm’s revenue was up .2% on a year-over-year basis. Analysts anticipate that Xylem Inc. will post 4.23 EPS for the current fiscal year.

Xylem Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.25%. The ex-dividend date was Tuesday, November 26th. Xylem’s payout ratio is 42.11%.

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.