Virtus ETF Advisers LLC Has $1.02 Million Stock Holdings in Xylem Inc. (NYSE:XYL)

Virtus ETF Advisers LLC grew its holdings in shares of Xylem Inc. (NYSE:XYL) by 39.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,794 shares of the industrial products company’s stock after buying an additional 2,507 shares during the quarter. Virtus ETF Advisers LLC’s holdings in Xylem were worth $1,020,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Lee Danner & Bass Inc. acquired a new position in Xylem during the 4th quarter valued at about $30,000. Rialto Wealth Management LLC purchased a new stake in shares of Xylem in the fourth quarter worth approximately $31,000. Heck Capital Advisors LLC bought a new position in shares of Xylem in the fourth quarter valued at approximately $36,000. Pathway Financial Advisers LLC boosted its position in shares of Xylem by 122.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock valued at $37,000 after buying an additional 175 shares during the last quarter. Finally, SRS Capital Advisors Inc. grew its holdings in Xylem by 69.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company’s stock worth $37,000 after buying an additional 130 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Xylem Stock Up 0.5 %

XYL opened at $116.23 on Friday. The company’s 50-day moving average price is $118.90 and its two-hundred day moving average price is $122.43. 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 twelve month low of $100.47 and a twelve month high of $146.08. The stock has a market cap of $28.28 billion, a price-to-earnings ratio of 31.76, a PEG ratio of 2.33 and a beta of 1.08.

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

Xylem Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This is an increase from Xylem’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 1.38%. Xylem’s dividend payout ratio is 43.72%.

Wall Street Analyst Weigh In

XYL has been the topic of several recent analyst reports. Stifel Nicolaus dropped their price objective on Xylem from $150.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Robert W. Baird increased their target price on shares of Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Finally, Citigroup cut their price target on shares of Xylem from $152.00 to $134.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $147.33.

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.