Blossom Wealth Management Has $334,000 Holdings in Xylem Inc. (NYSE:XYL)

Blossom Wealth Management increased its stake in shares of Xylem Inc. (NYSE:XYL) by 3.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,882 shares of the industrial products company’s stock after buying an additional 107 shares during the quarter. Blossom Wealth Management’s holdings in Xylem were worth $334,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Swedbank AB lifted its holdings in shares of Xylem by 23.1% during the fourth quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company’s stock worth $427,325,000 after purchasing an additional 691,618 shares during the period. Erste Asset Management GmbH acquired a new position in Xylem during the 3rd quarter worth about $68,593,000. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Xylem in the 3rd quarter valued at about $52,169,000. Champlain Investment Partners LLC increased its stake in shares of Xylem by 17.8% in the third quarter. Champlain Investment Partners LLC now owns 1,657,785 shares of the industrial products company’s stock valued at $223,851,000 after buying an additional 249,975 shares during the period. Finally, State Street Corp raised its position in shares of Xylem by 1.9% during the third quarter. State Street Corp now owns 10,329,494 shares of the industrial products company’s stock worth $1,394,792,000 after acquiring an additional 189,820 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on XYL shares. Royal Bank of Canada reduced their target price on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Robert W. Baird decreased their price target on Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a report on Friday, November 1st. TD Cowen dropped their price objective on Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. Stifel Nicolaus decreased their target price on Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Finally, Citigroup dropped their price target on Xylem from $148.00 to $147.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Xylem currently has an average rating of “Moderate Buy” and an average target price of $150.50.

Xylem Price Performance

Shares of XYL opened at $124.04 on Friday. The business’s fifty day moving average is $120.69 and its 200 day moving average is $127.91. Xylem Inc. has a 12-month low of $112.02 and a 12-month high of $146.08. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 0.19. The stock has a market cap of $30.14 billion, a P/E ratio of 36.27, a P/E/G ratio of 2.06 and a beta of 1.06.

Xylem (NYSE:XYL) last released its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, hitting the consensus estimate of $1.11. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.17 billion. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The business’s revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.99 earnings per share. Sell-side analysts anticipate that Xylem Inc. will post 4.22 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th were given a dividend of $0.36 per share. The ex-dividend date was Tuesday, November 26th. This represents a $1.44 annualized dividend and a dividend yield of 1.16%. Xylem’s dividend payout ratio is currently 42.11%.

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.