Stifel Financial Corp Increases Stock Holdings in Xylem Inc. (NYSE:XYL)

Stifel Financial Corp lifted its stake in shares of Xylem Inc. (NYSE:XYL) by 2.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 204,581 shares of the industrial products company’s stock after buying an additional 4,860 shares during the quarter. Stifel Financial Corp’s holdings in Xylem were worth $23,738,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Tower Research Capital LLC TRC boosted its stake in Xylem by 45.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 17,140 shares of the industrial products company’s stock valued at $1,989,000 after acquiring an additional 5,363 shares in the last quarter. Mirova boosted its position in shares of Xylem by 27.1% in the 4th quarter. Mirova now owns 83,983 shares of the industrial products company’s stock valued at $9,744,000 after purchasing an additional 17,918 shares during the period. Natixis purchased a new position in Xylem during the 4th quarter worth approximately $740,000. MetLife Investment Management LLC increased its position in Xylem by 1.8% during the fourth quarter. MetLife Investment Management LLC now owns 64,278 shares of the industrial products company’s stock worth $7,458,000 after buying an additional 1,145 shares during the period. Finally, Norinchukin Bank The lifted its stake in Xylem by 9.8% in the fourth quarter. Norinchukin Bank The now owns 10,988 shares of the industrial products company’s stock valued at $1,275,000 after buying an additional 979 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Price Performance

Xylem stock opened at $115.63 on Friday. The company has a market cap of $28.14 billion, a P/E ratio of 31.59, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. Xylem Inc. has a one year low of $100.47 and a one year high of $146.08. The business has a fifty day moving average of $119.18 and a two-hundred day moving average of $122.65. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76.

Xylem (NYSE:XYL) last issued its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.06. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same period in the prior year, the business posted $0.99 earnings per share. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, analysts predict that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.40 per share. This is an increase from Xylem’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Tuesday, February 18th. Xylem’s dividend payout ratio (DPR) is 43.72%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on XYL shares. Robert W. Baird raised their target price on shares of Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Citigroup lowered their price target on Xylem from $152.00 to $134.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Finally, Stifel Nicolaus reduced their price objective on Xylem from $150.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, April 16th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $147.33.

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.