Grimes & Company Inc. Makes New $13.10 Million Investment in Xylem Inc. (NYSE:XYL)

Grimes & Company Inc. bought a new position in Xylem Inc. (NYSE:XYL) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 109,630 shares of the industrial products company’s stock, valued at approximately $13,096,000.

Other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC raised its position in shares of Xylem by 31.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 575 shares of the industrial products company’s stock valued at $67,000 after buying an additional 139 shares during the period. Triodos Investment Management BV raised its position in shares of Xylem by 12.7% during the 4th quarter. Triodos Investment Management BV now owns 234,000 shares of the industrial products company’s stock valued at $27,149,000 after buying an additional 26,300 shares during the period. Allianz SE purchased a new stake in shares of Xylem during the 4th quarter valued at approximately $1,910,000. NBC Securities Inc. purchased a new stake in shares of Xylem during the 1st quarter valued at approximately $72,000. Finally, RPG Investment Advisory LLC raised its position in shares of Xylem by 22.5% during the 4th quarter. RPG Investment Advisory LLC now owns 132,143 shares of the industrial products company’s stock valued at $15,331,000 after buying an additional 24,297 shares during the period. 87.96% of the stock is owned by hedge funds and other institutional investors.

Xylem Stock Performance

NYSE:XYL opened at $127.51 on Tuesday. The company has a fifty day simple moving average of $121.01 and a two-hundred day simple moving average of $121.71. The company has a market cap of $31.03 billion, a price-to-earnings ratio of 34.84, a price-to-earnings-growth ratio of 2.33 and a beta of 1.13. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 52 week low of $100.47 and a 52 week high of $143.50.

Xylem (NYSE:XYL) last posted its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.95 by $0.08. The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.04 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.90 earnings per share. As a group, equities analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $1.60 annualized dividend and a dividend yield of 1.25%. Xylem’s dividend payout ratio (DPR) is 43.01%.

Analyst Ratings Changes

Several analysts have recently commented on XYL shares. Raymond James raised shares of Xylem to a “hold” rating in a research report on Thursday, May 15th. Royal Bank of Canada boosted their target price on Xylem from $143.00 to $147.00 and gave the company an “outperform” rating in a research report on Wednesday, April 30th. Robert W. Baird cut their target price on Xylem from $149.00 to $146.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 30th. Stifel Nicolaus boosted their target price on Xylem from $140.00 to $141.00 and gave the company a “buy” rating in a research report on Wednesday, April 30th. Finally, Citigroup cut their target price on Xylem from $152.00 to $134.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $143.71.

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.