Xylem Inc. (NYSE:XYL) Shares Acquired by Cibc World Markets Corp

Cibc World Markets Corp grew its position in Xylem Inc. (NYSE:XYL) by 16.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,340 shares of the industrial products company’s stock after purchasing an additional 5,411 shares during the period. Cibc World Markets Corp’s holdings in Xylem were worth $4,448,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of XYL. Rialto Wealth Management LLC acquired a new position in shares of Xylem in the 4th quarter valued at about $31,000. Heck Capital Advisors LLC acquired a new position in Xylem during the 4th quarter worth approximately $36,000. Pathway Financial Advisers LLC lifted its position in Xylem by 122.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 175 shares in the last quarter. SRS Capital Advisors Inc. lifted its position in Xylem by 69.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 130 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in Xylem by 318.2% during the 4th quarter. Versant Capital Management Inc now owns 368 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 280 shares in the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Xylem Price Performance

XYL stock opened at $121.35 on Thursday. 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 $113.26 and a 52-week high of $146.08. The stock’s 50 day moving average is $125.07 and its two-hundred day moving average is $126.33. The company has a market capitalization of $29.49 billion, a PE ratio of 33.16, a P/E/G ratio of 2.33 and a beta of 1.08.

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

Xylem Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.32%. This is an increase from Xylem’s previous quarterly dividend of $0.36. The ex-dividend date was Tuesday, February 18th. Xylem’s payout ratio is 43.72%.

Wall Street Analyst Weigh In

XYL has been the topic of several recent research reports. Stifel Nicolaus reduced their price target on Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Wolfe Research reissued a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Citigroup lowered Xylem from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, Robert W. Baird boosted their price target on Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $149.89.

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.