John G Ullman & Associates Inc. Buys New Shares in Xylem Inc. (NYSE:XYL)

John G Ullman & Associates Inc. acquired a new stake in Xylem Inc. (NYSE:XYL) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,060 shares of the industrial products company’s stock, valued at approximately $236,000.

Several other large investors have also made changes to their positions in the business. Fidelis Capital Partners LLC purchased a new position in shares of Xylem in the fourth quarter valued at about $257,000. SFE Investment Counsel lifted its position in shares of Xylem by 48.0% in the fourth quarter. SFE Investment Counsel now owns 15,360 shares of the industrial products company’s stock valued at $1,757,000 after acquiring an additional 4,980 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Xylem by 157.4% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 870 shares of the industrial products company’s stock valued at $99,000 after acquiring an additional 532 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Xylem by 173.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 55,425 shares of the industrial products company’s stock valued at $6,338,000 after acquiring an additional 35,175 shares in the last quarter. Finally, TRUE Private Wealth Advisors purchased a new position in shares of Xylem in the fourth quarter valued at about $224,000. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Royal Bank of Canada lifted their target price on Xylem from $140.00 to $145.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. BNP Paribas assumed coverage on Xylem in a report on Tuesday, March 12th. They issued an “outperform” rating and a $150.00 target price on the stock. Robert W. Baird lifted their target price on Xylem from $141.00 to $148.00 and gave the stock an “outperform” rating in a report on Thursday, March 21st. Citigroup lifted their target price on Xylem from $126.00 to $139.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Finally, Raymond James raised Xylem from an “underperform” rating to a “market perform” rating in a report on Thursday, January 4th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Xylem currently has an average rating of “Moderate Buy” and an average target price of $138.11.

Xylem Stock Up 0.5 %

Shares of NYSE:XYL opened at $127.84 on Friday. Xylem Inc. has a 1 year low of $87.59 and a 1 year high of $130.86. The business has a 50 day simple moving average of $127.01 and a two-hundred day simple moving average of $112.36. The firm has a market capitalization of $30.99 billion, a PE ratio of 47.00, a price-to-earnings-growth ratio of 2.53 and a beta of 1.10. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.76 and a quick ratio of 1.30.

Xylem (NYSE:XYL) last announced its earnings results on Tuesday, February 6th. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.03. The business had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.05 billion. Xylem had a return on equity of 9.65% and a net margin of 8.27%. The company’s revenue for the quarter was up 40.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.92 earnings per share. On average, equities analysts predict that Xylem Inc. will post 4.13 EPS for the current year.

Xylem Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 21st were issued a $0.36 dividend. This is a positive change from Xylem’s previous quarterly dividend of $0.33. The ex-dividend date was Tuesday, February 20th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.13%. Xylem’s payout ratio is presently 52.94%.

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 stock was sold at an average price of $121.79, for a total value of $293,270.32. Following the completion of the sale, the senior vice president now 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 can be accessed through the SEC website. In other Xylem news, SVP Franz Cerwinka sold 2,408 shares of the company’s stock in a transaction 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 sale, the senior vice president now owns 11,750 shares in the company, valued at $1,431,032.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Geri-Michelle Mcshane sold 1,000 shares of the company’s stock in a transaction 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 sale, the chief accounting officer now owns 2,935 shares of the company’s stock, valued at approximately $360,682.15. The disclosure for this sale can be found here. 0.27% of the stock is owned by company 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.