Xylem Inc. (NYSE:XYL) Shares Acquired by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of Xylem Inc. (NYSE:XYL) by 9.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,268 shares of the industrial products company’s stock after purchasing an additional 270 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Xylem were worth $379,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of XYL. First Citizens Bank & Trust Co. lifted its stake in Xylem by 6.4% during the fourth quarter. First Citizens Bank & Trust Co. now owns 9,052 shares of the industrial products company’s stock valued at $1,050,000 after buying an additional 546 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Xylem by 1.1% during the fourth quarter. Fifth Third Bancorp now owns 47,549 shares of the industrial products company’s stock valued at $5,517,000 after acquiring an additional 536 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its stake in Xylem by 5.2% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,351 shares of the industrial products company’s stock worth $389,000 after purchasing an additional 165 shares during the period. Exchange Traded Concepts LLC boosted its stake in Xylem by 226.1% in the 4th quarter. Exchange Traded Concepts LLC now owns 28,452 shares of the industrial products company’s stock worth $3,301,000 after purchasing an additional 19,728 shares during the period. Finally, Cornerstone Wealth Management LLC raised its stake in Xylem by 11.9% during the 4th quarter. Cornerstone Wealth Management LLC now owns 1,774 shares of the industrial products company’s stock valued at $206,000 after purchasing an additional 188 shares during the period. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Trading Down 0.1 %

Shares of NYSE:XYL opened at $121.26 on Thursday. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $29.46 billion, a PE ratio of 35.46, a P/E/G ratio of 2.05 and a beta of 1.06. Xylem Inc. has a 1 year low of $112.02 and a 1 year high of $146.08. The firm has a fifty day moving average price of $120.82 and a 200 day moving average price of $128.04.

Xylem (NYSE:XYL) last released its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.11. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the prior year, the company posted $0.99 EPS. The firm’s revenue was up .2% on a year-over-year basis. Analysts expect that Xylem Inc. will post 4.23 EPS for the current fiscal year.

Xylem Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, November 26th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date was Tuesday, November 26th. Xylem’s dividend payout ratio is 42.11%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on XYL shares. Citigroup lowered their price target on Xylem from $148.00 to $147.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Wolfe Research reaffirmed a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. TD Cowen reduced their price target on shares of Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Robert W. Baird lowered their price objective on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, Stifel Nicolaus cut their target price on shares of Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Xylem has an average rating of “Moderate Buy” and a consensus target price of $150.50.

Xylem Company 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.