Syon Capital LLC Invests $214,000 in Xylem Inc. (NYSE:XYL)

Syon Capital LLC bought a new position in Xylem Inc. (NYSE:XYL) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,875 shares of the industrial products company’s stock, valued at approximately $214,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Bruce G. Allen Investments LLC acquired a new position in shares of Xylem in the 4th quarter worth approximately $27,000. Spire Wealth Management boosted its holdings in shares of Xylem by 370.9% in the 4th quarter. Spire Wealth Management now owns 485 shares of the industrial products company’s stock worth $54,000 after acquiring an additional 382 shares in the last quarter. Advantage Trust Co acquired a new position in shares of Xylem in the 4th quarter worth approximately $57,000. Orion Capital Management LLC acquired a new position in shares of Xylem in the 3rd quarter worth approximately $48,000. Finally, Gradient Investments LLC raised its position in Xylem by 28.6% in the 4th quarter. Gradient Investments LLC now owns 576 shares of the industrial products company’s stock worth $66,000 after purchasing an additional 128 shares during the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Geri-Michelle Mcshane sold 2,278 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $138.63, for a total value of $315,799.14. Following the completion of the transaction, the chief accounting officer now directly owns 3,536 shares of the company’s stock, valued at approximately $490,195.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, SVP Rodney Aulick sold 21,800 shares of the stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $139.01, for a total transaction of $3,030,418.00. Following the completion of the transaction, the senior vice president now directly owns 76,287 shares in the company, valued at approximately $10,604,655.87. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Geri-Michelle Mcshane sold 2,278 shares of the stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $138.63, for a total transaction of $315,799.14. Following the transaction, the chief accounting officer now owns 3,536 shares of the company’s stock, valued at $490,195.68. The disclosure for this sale can be found here. Company insiders own 0.27% of the company’s stock.

Xylem Price Performance

XYL opened at $140.37 on Wednesday. The company has a quick ratio of 1.22, a current ratio of 1.67 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 12 month low of $87.59 and a 12 month high of $146.08. The company has a fifty day simple moving average of $136.90 and a 200 day simple moving average of $125.16. The stock has a market cap of $34.03 billion, a P/E ratio of 49.95, a P/E/G ratio of 2.44 and a beta of 1.07.

Xylem (NYSE:XYL) last released its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.06. The business had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2 billion. Xylem had a net margin of 8.34% and a return on equity of 8.95%. The firm’s quarterly revenue was up 40.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.72 EPS. On average, research analysts expect that Xylem Inc. will post 4.25 EPS for the current year.

Xylem Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Thursday, May 30th. Xylem’s payout ratio is presently 51.25%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on XYL shares. Oppenheimer boosted their price objective on shares of Xylem from $147.00 to $152.00 and gave the stock an “outperform” rating in a research report on Friday, May 31st. TD Cowen boosted their price objective on shares of Xylem from $135.00 to $138.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Citigroup boosted their price objective on shares of Xylem from $126.00 to $139.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Robert W. Baird boosted their price objective on shares of Xylem from $151.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Finally, Argus boosted their price objective on shares of Xylem from $146.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $142.92.

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.