Nicholson Wealth Management Group LLC Grows Stake in Xylem Inc. (NYSE:XYL)

Nicholson Wealth Management Group LLC lifted its stake in shares of Xylem Inc. (NYSE:XYL) by 159.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 12,608 shares of the industrial products company’s stock after acquiring an additional 7,753 shares during the period. Nicholson Wealth Management Group LLC’s holdings in Xylem were worth $1,463,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in XYL. Creative Planning lifted its holdings in shares of Xylem by 9.8% during the 3rd quarter. Creative Planning now owns 28,515 shares of the industrial products company’s stock worth $3,850,000 after acquiring an additional 2,536 shares during the last quarter. Swedbank AB lifted its holdings in shares of Xylem by 22.8% during the 3rd quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company’s stock worth $403,953,000 after acquiring an additional 554,609 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Xylem by 270.4% during the 3rd quarter. Blue Trust Inc. now owns 1,000 shares of the industrial products company’s stock worth $136,000 after acquiring an additional 730 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of Xylem by 11.4% during the 3rd quarter. Raymond James & Associates now owns 135,673 shares of the industrial products company’s stock worth $18,320,000 after acquiring an additional 13,897 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of Xylem by 16.8% during the 3rd quarter. Signaturefd LLC now owns 5,010 shares of the industrial products company’s stock worth $676,000 after acquiring an additional 720 shares during the last quarter. 87.96% of the stock is owned by institutional investors.

Xylem Price Performance

XYL stock opened at $129.86 on Friday. The firm’s 50-day moving average price is $121.68 and its two-hundred day moving average price is $127.18. Xylem Inc. has a 12-month low of $113.26 and a 12-month high of $146.08. The stock has a market capitalization of $31.55 billion, a price-to-earnings ratio of 35.48, a PEG ratio of 2.34 and a beta of 1.07. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL) last released its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.06. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The firm had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.18 billion. During the same quarter in the previous year, the company earned $0.99 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, equities analysts predict that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.60 annualized dividend and a dividend yield of 1.23%. This is a boost from Xylem’s previous quarterly dividend of $0.36. Xylem’s payout ratio is currently 43.72%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on XYL. TD Cowen dropped their price objective on shares of Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Robert W. Baird boosted their price target on shares of Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Stifel Nicolaus lowered their price target on shares of Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Wolfe Research reissued a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Finally, Royal Bank of Canada lowered their price target on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $149.90.

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.