HB Wealth Management LLC Purchases 1,313 Shares of Xylem Inc. (NYSE:XYL)

HB Wealth Management LLC boosted its position in Xylem Inc. (NYSE:XYL) by 58.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,572 shares of the industrial products company’s stock after acquiring an additional 1,313 shares during the period. HB Wealth Management LLC’s holdings in Xylem were worth $408,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Bruce G. Allen Investments LLC bought a new stake in shares of Xylem during the 4th quarter valued at about $27,000. Coppell Advisory Solutions LLC bought a new stake in shares of Xylem during the 2nd quarter valued at about $45,000. KB Financial Partners LLC bought a new stake in shares of Xylem during the 1st quarter valued at about $42,000. ST Germain D J Co. Inc. purchased a new position in Xylem during the 2nd quarter valued at about $46,000. Finally, NBC Securities Inc. purchased a new position in Xylem during the 3rd quarter valued at about $38,000. Institutional investors own 87.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on XYL. Stifel Nicolaus lifted their price target on shares of 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 price target on shares of Xylem from $141.00 to $148.00 and gave the stock an “outperform” rating in a research note on Thursday, March 21st. BNP Paribas assumed coverage on shares of Xylem in a research note on Tuesday, March 12th. They issued an “outperform” rating and a $150.00 price target for the company. Citigroup lifted their price target on shares of Xylem from $122.00 to $126.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 7th. Finally, Royal Bank of Canada boosted their target price on shares of Xylem from $140.00 to $145.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.00.

Xylem Price Performance

Xylem stock opened at $129.38 on Thursday. The company has a market cap of $31.28 billion, a price-to-earnings ratio of 47.57, a PEG ratio of 2.59 and a beta of 1.11. The firm’s fifty day moving average is $122.68 and its 200 day moving average is $108.34. The company has a quick ratio of 1.30, a current ratio of 1.76 and a debt-to-equity ratio of 0.22. Xylem Inc. has a 52-week low of $87.59 and a 52-week high of $130.86.

Xylem (NYSE:XYL) last announced its earnings results 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. Xylem had a net margin of 8.27% and a return on equity of 9.65%. The business had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter in the prior year, the firm posted $0.92 earnings per share. The business’s revenue for the quarter was up 40.6% on a year-over-year basis. Sell-side analysts forecast that Xylem Inc. will post 4.13 EPS for the current fiscal year.

Xylem Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 21st were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.11%. The ex-dividend date was Tuesday, February 20th. This is an increase from Xylem’s previous quarterly dividend of $0.33. Xylem’s dividend payout ratio (DPR) is currently 52.94%.

Insider Buying and Selling

In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $122.89, for a total transaction of $122,890.00. Following the transaction, the chief accounting officer now owns 2,935 shares of the company’s stock, valued at approximately $360,682.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, 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 sale, the senior vice president now directly owns 11,750 shares in the company, valued at approximately $1,431,032.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $122,890.00. Following the completion of the sale, the chief accounting officer now owns 2,935 shares of the company’s stock, valued at $360,682.15. The disclosure for this sale can be found here. 0.90% 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.