Cypress Asset Management Inc. TX Invests $1.26 Million in Xylem Inc. (NYSE:XYL)

Cypress Asset Management Inc. TX acquired a new stake in shares of Xylem Inc. (NYSE:XYL) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 11,046 shares of the industrial products company’s stock, valued at approximately $1,263,000.

A number of other institutional investors also recently modified their holdings of the company. Bruce G. Allen Investments LLC acquired a new stake in Xylem during the fourth quarter worth $27,000. NBC Securities Inc. acquired a new position in shares of Xylem during the 3rd quarter worth about $38,000. Orion Capital Management LLC acquired a new position in shares of Xylem during the 3rd quarter worth about $48,000. Spire Wealth Management grew its position in shares of Xylem by 370.9% in the 4th quarter. Spire Wealth Management now owns 485 shares of the industrial products company’s stock valued at $54,000 after purchasing an additional 382 shares during the period. Finally, Advantage Trust Co acquired a new position in shares of Xylem in the 4th quarter valued at approximately $57,000. Institutional investors own 87.96% of the company’s stock.

Xylem Stock Down 1.0 %

Shares of NYSE:XYL traded down $1.48 during midday trading on Thursday, hitting $143.72. 851,763 shares of the company’s stock traded hands, compared to its average volume of 1,188,161. Xylem Inc. has a twelve month low of $87.59 and a twelve month high of $146.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.22 and a current ratio of 1.67. The company has a market cap of $34.84 billion, a PE ratio of 51.35, a P/E/G ratio of 2.72 and a beta of 1.08. The firm’s fifty day moving average price is $132.78 and its two-hundred day moving average price is $120.04.

Xylem (NYSE:XYL) last announced its earnings results on Thursday, May 2nd. The industrial products company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.84 by $0.06. Xylem had a return on equity of 8.95% and a net margin of 8.34%. The business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2 billion. During the same period in the prior year, the business posted $0.72 earnings per share. Xylem’s revenue was up 40.4% compared to the same quarter last year. On average, equities research analysts anticipate that Xylem Inc. will post 4.24 EPS for the current fiscal year.

Xylem Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be paid a dividend of $0.36 per share. The ex-dividend date is Thursday, May 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.00%. Xylem’s dividend payout ratio (DPR) is presently 51.25%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on XYL shares. Stifel Nicolaus increased their price target on Xylem from $136.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Citigroup raised their price objective on Xylem from $126.00 to $139.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Mizuho lifted their target price on Xylem from $110.00 to $135.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. BNP Paribas began coverage on Xylem in a report on Tuesday, March 12th. They set an “outperform” rating and a $150.00 price target on the stock. Finally, Oppenheimer boosted their target price on Xylem from $142.00 to $147.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $140.70.

About Xylem

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.