EntryPoint Capital LLC Purchases New Position in Xylem Inc. (NYSE:XYL)

EntryPoint Capital LLC acquired a new position in shares of Xylem Inc. (NYSE:XYL) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,987 shares of the industrial products company’s stock, valued at approximately $463,000.

Other institutional investors also recently modified their holdings of the company. Impax Asset Management Group plc lifted its position in Xylem by 231.5% during the 4th quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company’s stock worth $644,039,000 after buying an additional 3,883,845 shares in the last quarter. AMF Tjanstepension AB acquired a new position in shares of Xylem during the fourth quarter worth approximately $96,658,000. Victory Capital Management Inc. lifted its position in shares of Xylem by 42.9% during the fourth quarter. Victory Capital Management Inc. now owns 2,326,024 shares of the industrial products company’s stock worth $269,865,000 after purchasing an additional 698,745 shares in the last quarter. Swedbank AB raised its position in Xylem by 23.1% in the 4th 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 last quarter. Finally, Erste Asset Management GmbH bought a new position in Xylem in the 3rd quarter worth approximately $68,593,000. Institutional investors own 87.96% of the company’s stock.

Xylem Trading Up 2.1 %

Shares of NYSE XYL opened at $123.34 on Wednesday. The stock has a market cap of $29.98 billion, a price-to-earnings ratio of 33.70, a P/E/G ratio of 2.33 and a beta of 1.08. Xylem Inc. has a twelve month low of $113.26 and a twelve month high of $146.08. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. The company’s fifty day moving average is $125.50 and its 200-day moving average is $126.02.

Xylem (NYSE:XYL) last posted its earnings results 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 firm had revenue of $2.30 billion during 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%. The company’s revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.99 earnings per share. Equities research analysts predict that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th were paid a $0.40 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.60 dividend on an annualized basis and a yield of 1.30%. This is a positive change from Xylem’s previous quarterly dividend of $0.36. Xylem’s payout ratio is presently 43.72%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Citigroup cut Xylem from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 5th. 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. Wolfe Research reaffirmed a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Finally, Stifel Nicolaus lowered their target price on shares of Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a report on Friday, January 24th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $149.89.

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.