FFT Wealth Management LLC Acquires 93 Shares of Xylem Inc. (NYSE:XYL)

FFT Wealth Management LLC grew its stake in shares of Xylem Inc. (NYSE:XYL) by 4.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,368 shares of the industrial products company’s stock after purchasing an additional 93 shares during the quarter. FFT Wealth Management LLC’s holdings in Xylem were worth $271,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Bruce G. Allen Investments LLC bought a new position in Xylem in the fourth quarter worth approximately $27,000. NBC Securities Inc. purchased a new stake in Xylem in the third quarter worth about $38,000. Orion Capital Management LLC purchased a new position in Xylem during the 3rd quarter valued at about $48,000. Cary Street Partners Investment Advisory LLC raised its holdings in shares of Xylem by 117.0% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 716 shares of the industrial products company’s stock valued at $65,000 after purchasing an additional 386 shares in the last quarter. Finally, Gradient Investments LLC boosted its stake in shares of Xylem by 28.6% during the fourth quarter. Gradient Investments LLC now owns 576 shares of the industrial products company’s stock valued at $66,000 after purchasing an additional 128 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Oppenheimer lifted their price target on Xylem from $133.00 to $142.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. Raymond James upgraded shares of Xylem from an “underperform” rating to a “market perform” rating in a report on Thursday, January 4th. Stifel Nicolaus increased their target price on shares of Xylem from $136.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Royal Bank of Canada upped their price target on Xylem from $140.00 to $145.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Finally, Robert W. Baird boosted their target price on Xylem from $141.00 to $148.00 and gave the stock an “outperform” rating in a research note on Thursday, March 21st. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $138.11.

Insider Buying and Selling

In related news, SVP Franz Cerwinka sold 2,408 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $121.79, for a total value of $293,270.32. Following the completion of the transaction, the senior vice president now directly owns 11,750 shares of the company’s stock, valued at approximately $1,431,032.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, SVP Franz Cerwinka sold 2,408 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $121.79, for a total value of $293,270.32. Following the completion of the sale, the senior vice president now owns 11,750 shares of the company’s stock, valued at $1,431,032.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Geri-Michelle Mcshane sold 1,000 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $122.89, for a total value of $122,890.00. Following the completion of the sale, the chief accounting officer now owns 2,935 shares of the company’s stock, valued at $360,682.15. The disclosure for this sale can be found here. 0.27% of the stock is owned by insiders.

Xylem Stock Performance

Shares of XYL traded up $0.26 during mid-day trading on Wednesday, reaching $130.96. The company had a trading volume of 1,773,664 shares, compared to its average volume of 1,165,573. The stock has a 50 day moving average of $128.04 and a two-hundred day moving average of $114.63. The company has a quick ratio of 1.30, a current ratio of 1.76 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $31.74 billion, a P/E ratio of 48.35, a PEG ratio of 2.64 and a beta of 1.10. Xylem Inc. has a 52-week low of $87.59 and a 52-week high of $133.71.

Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.96 by $0.03. Xylem had a net margin of 8.27% and a return on equity of 9.65%. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same quarter last year, the business earned $0.92 earnings per share. The firm’s revenue was up 40.6% on a year-over-year basis. On average, analysts expect that Xylem Inc. will post 4.13 earnings per share for the current year.

Xylem Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 21st were given a dividend of $0.36 per share. This is a positive change from Xylem’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.10%. Xylem’s dividend payout ratio (DPR) is 52.94%.

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.