TRUE Private Wealth Advisors Buys New Shares in Xylem Inc. (NYSE:XYL)

TRUE Private Wealth Advisors bought 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 and Exchange Commission. The firm bought 1,955 shares of the industrial products company’s stock, valued at approximately $224,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Bruce G. Allen Investments LLC bought a new stake in Xylem in the 4th quarter worth $27,000. NBC Securities Inc. bought a new stake in Xylem in the 3rd quarter worth $38,000. KB Financial Partners LLC bought a new stake in Xylem in the 1st quarter worth $42,000. Coppell Advisory Solutions LLC bought a new stake in Xylem in the 2nd quarter worth $45,000. Finally, Orion Capital Management LLC bought a new stake in Xylem in the 3rd quarter worth $48,000. Institutional investors own 87.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. BNP Paribas assumed coverage on shares of Xylem in a research note on Tuesday, March 12th. They set an “outperform” rating and a $150.00 target price on the stock. Royal Bank of Canada lifted their target price on shares of Xylem from $140.00 to $145.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Stifel Nicolaus lifted their target price on shares of Xylem from $136.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Citigroup lifted their price target on shares of Xylem from $126.00 to $139.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Finally, Oppenheimer lifted their price target on shares of Xylem from $133.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $138.11.

Insider Activity at Xylem

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

Xylem Stock Up 0.7 %

XYL opened at $127.16 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.76 and a debt-to-equity ratio of 0.22. The firm has a 50 day moving average price of $126.94 and a 200-day moving average price of $112.11. Xylem Inc. has a twelve month low of $87.59 and a twelve month high of $130.86. The stock has a market capitalization of $30.82 billion, a price-to-earnings ratio of 46.75, a PEG ratio of 2.52 and a beta of 1.10.

Xylem (NYSE:XYL) last released its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.03. Xylem had a net margin of 8.27% and a return on equity of 9.65%. The firm had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same period in the previous year, the company earned $0.92 earnings per share. The firm’s quarterly revenue was up 40.6% on a year-over-year basis. Equities research analysts forecast that Xylem Inc. will post 4.13 earnings per share for the current year.

Xylem Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 21st were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.13%. This is a boost from Xylem’s previous quarterly dividend of $0.33. The ex-dividend date was Tuesday, February 20th. Xylem’s payout ratio is presently 52.94%.

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.