Nicola Wealth Management LTD. Has $2.32 Million Stake in Xylem Inc. (NYSE:XYL)

Nicola Wealth Management LTD. trimmed its position in shares of Xylem Inc. (NYSE:XYL) by 4.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,000 shares of the industrial products company’s stock after selling 1,000 shares during the quarter. Nicola Wealth Management LTD.’s holdings in Xylem were worth $2,320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Angeles Wealth Management LLC lifted its holdings in shares of Xylem by 3.6% during the 3rd quarter. Angeles Wealth Management LLC now owns 2,462 shares of the industrial products company’s stock valued at $332,000 after buying an additional 86 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Xylem by 6.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,412 shares of the industrial products company’s stock valued at $191,000 after buying an additional 87 shares during the last quarter. Clear Creek Financial Management LLC lifted its holdings in shares of Xylem by 4.3% during the 4th quarter. Clear Creek Financial Management LLC now owns 2,315 shares of the industrial products company’s stock valued at $269,000 after buying an additional 96 shares during the last quarter. Bleakley Financial Group LLC lifted its holdings in shares of Xylem by 2.3% during the 4th quarter. Bleakley Financial Group LLC now owns 4,359 shares of the industrial products company’s stock valued at $506,000 after buying an additional 96 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC lifted its holdings in Xylem by 1.3% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 7,868 shares of the industrial products company’s stock worth $913,000 after purchasing an additional 98 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on XYL. Robert W. Baird boosted their target price on Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Citigroup lowered Xylem from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 5th. TD Cowen reduced their target price on Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Stifel Nicolaus reduced their target price on Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a report on Friday, January 24th. Finally, Wolfe Research restated a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $149.90.

Xylem Stock Down 0.9 %

Shares of XYL stock opened at $129.69 on Tuesday. Xylem Inc. has a 12 month low of $113.26 and a 12 month high of $146.08. The firm has a market cap of $31.51 billion, a PE ratio of 35.43, a price-to-earnings-growth ratio of 2.33 and a beta of 1.07. The stock has a 50 day moving average of $123.12 and a 200-day moving average of $127.15. 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 (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. The business had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. Xylem’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.99 earnings per share. On average, equities analysts predict that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders 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 is a boost from Xylem’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.23%. Xylem’s payout ratio is currently 43.72%.

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.