C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Makes New Investment in Xylem Inc. (NYSE:XYL)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in Xylem Inc. (NYSE:XYL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,604 shares of the industrial products company’s stock, valued at approximately $534,000.

A number of other institutional investors have also recently made changes to their positions in the business. Creative Planning grew its stake in shares of Xylem by 9.8% in the third quarter. Creative Planning now owns 28,515 shares of the industrial products company’s stock worth $3,850,000 after acquiring an additional 2,536 shares in the last quarter. Swedbank AB boosted its holdings in Xylem by 22.8% in the third quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company’s stock valued at $403,953,000 after purchasing an additional 554,609 shares during the period. Blue Trust Inc. grew its stake in Xylem by 270.4% during the 3rd quarter. Blue Trust Inc. now owns 1,000 shares of the industrial products company’s stock worth $136,000 after purchasing an additional 730 shares in the last quarter. Raymond James & Associates increased its holdings in Xylem by 11.4% during the 3rd quarter. Raymond James & Associates now owns 135,673 shares of the industrial products company’s stock worth $18,320,000 after purchasing an additional 13,897 shares during the period. Finally, Signaturefd LLC raised its position in Xylem by 16.8% in the 3rd quarter. Signaturefd LLC now owns 5,010 shares of the industrial products company’s stock valued at $676,000 after purchasing an additional 720 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Trading Down 0.2 %

NYSE:XYL opened at $130.28 on Thursday. The company has a market capitalization of $31.65 billion, a PE ratio of 35.60, a P/E/G ratio of 2.32 and a beta of 1.07. Xylem Inc. has a 52-week low of $113.26 and a 52-week high of $146.08. The stock’s 50 day moving average price is $121.50 and its 200 day moving average price is $127.16. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.06. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the prior year, the company earned $0.99 earnings per share. The company’s revenue was up 8.6% compared to the same quarter last year. On average, research analysts anticipate that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.23%. This is a boost from Xylem’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, February 18th. Xylem’s dividend payout ratio is presently 43.72%.

Wall Street Analysts Forecast Growth

XYL has been the topic of a number of recent research reports. Robert W. Baird upped their target price on shares of Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Wolfe Research restated a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Royal Bank of Canada lowered their target price 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. Stifel Nicolaus cut their price target on Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Finally, Citigroup cut Xylem from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $149.90.

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.