3,500 Shares in Xylem Inc. (NYSE:XYL) Purchased by Peregrine Asset Advisers Inc.

Peregrine Asset Advisers Inc. acquired a new stake in shares of Xylem Inc. (NYSE:XYL) in the 4th quarter, HoldingsChannel reports. The firm acquired 3,500 shares of the industrial products company’s stock, valued at approximately $400,000.

A number of other hedge funds also recently added to or reduced their stakes in XYL. AtonRa Partners increased its stake in shares of Xylem by 2.3% during the fourth quarter. AtonRa Partners now owns 4,001 shares of the industrial products company’s stock worth $458,000 after acquiring an additional 91 shares during the period. FFT Wealth Management LLC raised its stake in shares of Xylem by 4.1% during the 4th quarter. FFT Wealth Management LLC now owns 2,368 shares of the industrial products company’s stock worth $271,000 after buying an additional 93 shares in the last quarter. Patten Group Inc. lifted its holdings in shares of Xylem by 0.3% in the 4th quarter. Patten Group Inc. now owns 31,112 shares of the industrial products company’s stock valued at $3,558,000 after buying an additional 99 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Xylem by 4.6% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 2,238 shares of the industrial products company’s stock valued at $256,000 after buying an additional 99 shares in the last quarter. Finally, Boston Trust Walden Corp grew its holdings in Xylem by 3.2% during the fourth quarter. Boston Trust Walden Corp now owns 3,418 shares of the industrial products company’s stock worth $391,000 after acquiring an additional 107 shares during the period. 87.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Stifel Nicolaus boosted their target price on shares of Xylem from $136.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Citigroup boosted their price objective on shares of Xylem from $126.00 to $139.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Oppenheimer increased their target price on shares of Xylem from $142.00 to $147.00 and gave the company an “outperform” rating in a report on Friday. Robert W. Baird boosted their price target on Xylem from $151.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Mizuho boosted their price target on Xylem from $110.00 to $135.00 and gave the stock a “neutral” rating in a research note on Friday. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.70.

Xylem Price Performance

XYL stock traded up $2.00 on Monday, reaching $139.21. The company had a trading volume of 953,468 shares, compared to its average volume of 1,184,650. Xylem Inc. has a 1 year low of $87.59 and a 1 year high of $139.21. 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’s fifty day moving average is $128.64 and its 200 day moving average is $115.54. The company has a market cap of $33.75 billion, a P/E ratio of 48.83, a PEG ratio of 2.67 and a beta of 1.08.

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

Xylem Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 21st were issued a $0.36 dividend. The ex-dividend date was Tuesday, February 20th. This is an increase from Xylem’s previous quarterly dividend of $0.33. This represents a $1.44 annualized dividend and a yield of 1.03%. Xylem’s payout ratio is 51.25%.

Insider Buying and Selling at Xylem

In other Xylem news, SVP Franz Cerwinka sold 2,408 shares of the business’s stock in a transaction 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 transaction, the senior vice president now directly owns 11,750 shares in the company, valued at approximately $1,431,032.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Xylem news, SVP Franz Cerwinka sold 2,408 shares of the business’s stock in a transaction 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 transaction, the senior vice president now directly owns 11,750 shares in the company, valued at approximately $1,431,032.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Geri-Michelle Mcshane sold 1,000 shares of the business’s stock in a transaction 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 owns 2,935 shares of the company’s stock, valued at $360,682.15. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by insiders.

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.