442 Shares in Xylem Inc. (NYSE:XYL) Purchased by AlphaCore Capital LLC

AlphaCore Capital LLC purchased a new position in shares of Xylem Inc. (NYSE:XYL) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 442 shares of the industrial products company’s stock, valued at approximately $53,000.

Other hedge funds have also bought and sold shares of the company. Northern Trust Corp grew its holdings in shares of Xylem by 42.0% during the 4th quarter. Northern Trust Corp now owns 3,268,433 shares of the industrial products company’s stock valued at $379,204,000 after purchasing an additional 966,399 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its position in shares of Xylem by 390.5% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,021,337 shares of the industrial products company’s stock worth $122,009,000 after purchasing an additional 813,100 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Xylem during the 1st quarter valued at $89,828,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Xylem during the 4th quarter valued at $83,139,000. Finally, GAMMA Investing LLC increased its stake in Xylem by 15,322.5% during the 1st quarter. GAMMA Investing LLC now owns 506,630 shares of the industrial products company’s stock valued at $60,522,000 after purchasing an additional 503,345 shares in the last quarter. 87.96% of the stock is owned by institutional investors.

Xylem Stock Up 0.2%

Shares of Xylem stock opened at $142.93 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.43 and a current ratio of 1.90. Xylem Inc. has a 52-week low of $100.47 and a 52-week high of $145.33. The stock has a market capitalization of $34.79 billion, a price-to-earnings ratio of 37.12, a P/E/G ratio of 2.48 and a beta of 1.11. The company’s 50 day moving average price is $131.57 and its 200-day moving average price is $125.31.

Xylem (NYSE:XYL) last issued its earnings results on Thursday, July 31st. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.11. The firm had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.20 billion. Xylem had a net margin of 10.74% and a return on equity of 10.33%. The business’s revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the business earned $1.09 earnings per share. Equities research analysts forecast that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Xylem’s payout ratio is 41.56%.

Analysts Set New Price Targets

Several research firms recently weighed in on XYL. Citigroup restated a “buy” rating and set a $152.00 price target (up previously from $137.00) on shares of Xylem in a research report on Monday, July 14th. Wall Street Zen raised shares of Xylem from a “hold” rating to a “buy” rating in a report on Saturday. Stifel Nicolaus raised their target price on shares of Xylem from $162.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Raymond James Financial raised shares of Xylem to a “hold” rating in a research note on Thursday, May 15th. Finally, Robert W. Baird lowered their target price on shares of Xylem from $149.00 to $146.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $151.57.

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.