Hsbc Holdings PLC Purchases 252,021 Shares of Xylem Inc. (NYSE:XYL)

Hsbc Holdings PLC raised its position in Xylem Inc. (NYSE:XYL) by 22.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,352,959 shares of the industrial products company’s stock after buying an additional 252,021 shares during the quarter. Hsbc Holdings PLC’s holdings in Xylem were worth $156,980,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lee Danner & Bass Inc. acquired a new stake in shares of Xylem during the 4th quarter worth approximately $30,000. Rialto Wealth Management LLC acquired a new stake in shares of Xylem in the 4th quarter valued at $31,000. Heck Capital Advisors LLC bought a new position in shares of Xylem in the 4th quarter valued at $36,000. SRS Capital Advisors Inc. raised its holdings in shares of Xylem by 69.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company’s stock worth $37,000 after buying an additional 130 shares in the last quarter. Finally, Pathway Financial Advisers LLC lifted its position in shares of Xylem by 122.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock worth $37,000 after buying an additional 175 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on XYL shares. Robert W. Baird boosted their target price on Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Stifel Nicolaus lowered their price objective on shares of Xylem from $150.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th. Finally, Citigroup dropped their price objective on shares of Xylem from $152.00 to $134.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Xylem currently has an average rating of “Moderate Buy” and an average price target of $147.33.

Xylem Stock Up 2.8 %

Shares of NYSE:XYL opened at $111.51 on Wednesday. The firm has a market cap of $27.14 billion, a P/E ratio of 30.47, a P/E/G ratio of 2.33 and a beta of 1.08. Xylem Inc. has a 12-month low of $100.47 and a 12-month high of $146.08. The business has a fifty day simple moving average of $119.78 and a 200 day simple moving average of $122.84. 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 issued its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.06. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same period last year, the company earned $0.99 earnings per share. The firm’s revenue was up 8.6% compared to the same quarter last year. Analysts predict that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, February 18th. This is a boost from Xylem’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 1.43%. Xylem’s dividend payout ratio is 43.72%.

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.