Addison Advisors LLC Purchases 111 Shares of Xylem Inc. (NYSE:XYL)

Addison Advisors LLC boosted its position in shares of Xylem Inc. (NYSE:XYL) by 8.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,446 shares of the industrial products company’s stock after acquiring an additional 111 shares during the quarter. Addison Advisors LLC’s holdings in Xylem were worth $165,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Bruce G. Allen Investments LLC purchased a new position in Xylem during the fourth quarter valued at $27,000. NBC Securities Inc. bought a new position in Xylem during the 3rd quarter worth about $38,000. Orion Capital Management LLC bought a new stake in shares of Xylem in the 3rd quarter valued at about $48,000. Cary Street Partners Investment Advisory LLC lifted its holdings in Xylem by 117.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 716 shares of the industrial products company’s stock worth $65,000 after buying an additional 386 shares during the period. Finally, Gradient Investments LLC boosted its position in Xylem by 28.6% during the 4th quarter. Gradient Investments LLC now owns 576 shares of the industrial products company’s stock valued at $66,000 after acquiring an additional 128 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Xylem Stock Performance

NYSE:XYL traded up $1.79 during midday trading on Friday, hitting $132.40. The company’s stock had a trading volume of 1,112,276 shares, compared to its average volume of 1,016,049. Xylem Inc. has a fifty-two week low of $87.59 and a fifty-two week high of $132.65. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.76 and a quick ratio of 1.30. The firm has a market cap of $32.09 billion, a P/E ratio of 48.68, a P/E/G ratio of 2.60 and a beta of 1.10. The firm’s 50 day moving average is $127.73 and its 200-day moving average is $113.75.

Xylem (NYSE:XYL) last posted its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.96 by $0.03. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.05 billion. Xylem had a net margin of 8.27% and a return on equity of 9.65%. The firm’s revenue was up 40.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.92 earnings per share. Equities analysts anticipate that Xylem Inc. will post 4.13 earnings per share 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 given a dividend of $0.36 per share. This is a boost from Xylem’s previous quarterly dividend of $0.33. This represents a $1.44 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend was Tuesday, February 20th. Xylem’s dividend payout ratio (DPR) is currently 52.94%.

Wall Street Analyst Weigh In

XYL has been the subject of a number of analyst reports. Oppenheimer upped their price objective on Xylem from $133.00 to $142.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. Stifel Nicolaus raised their price target on shares of Xylem from $136.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Royal Bank of Canada lifted their price objective on shares of Xylem from $140.00 to $145.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Robert W. Baird raised their target price on shares of Xylem from $141.00 to $148.00 and gave the company an “outperform” rating in a research note on Thursday, March 21st. Finally, Raymond James raised Xylem from an “underperform” rating to a “market perform” rating in a research report on Thursday, January 4th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Xylem currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.11.

Insider Buying and Selling at Xylem

In other 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 transaction of $293,270.32. Following the completion of the transaction, the senior vice president now directly owns 11,750 shares of the company’s stock, valued at approximately $1,431,032.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, SVP Franz Cerwinka sold 2,408 shares of Xylem stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $121.79, for a total value of $293,270.32. Following the completion of the transaction, the senior vice president now owns 11,750 shares in the company, valued at approximately $1,431,032.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Geri-Michelle Mcshane sold 1,000 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $122.89, for a total value of $122,890.00. Following the transaction, the chief accounting officer now owns 2,935 shares in the company, valued at approximately $360,682.15. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by corporate 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.