Argonautica Private Wealth Management Inc. Takes $519,000 Position in Xylem Inc. (NYSE:XYL)

Argonautica Private Wealth Management Inc. bought a new stake in Xylem Inc. (NYSE:XYL) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 4,346 shares of the industrial products company’s stock, valued at approximately $519,000.

Several other large investors also recently made changes to their positions in XYL. Valley National Advisers Inc. raised its holdings in shares of Xylem by 84.9% in the 1st quarter. Valley National Advisers Inc. now owns 220 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 101 shares during the period. Perkins Coie Trust Co purchased a new position in Xylem in the first quarter worth $27,000. Center for Financial Planning Inc. boosted its position in Xylem by 52.0% during the first quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company’s stock valued at $32,000 after buying an additional 91 shares during the period. Heck Capital Advisors LLC purchased a new stake in Xylem during the fourth quarter valued at about $36,000. Finally, Financial Gravity Asset Management Inc. purchased a new stake in Xylem during the first quarter valued at about $41,000. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on XYL. Citigroup reiterated a “buy” rating and set a $152.00 price target (up previously from $137.00) on shares of Xylem in a report on Monday, July 14th. Robert W. Baird dropped their target price on shares of Xylem from $149.00 to $146.00 and set an “outperform” rating on the stock in a report on Wednesday, April 30th. Royal Bank Of Canada raised their target price on shares of Xylem from $143.00 to $147.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. Raymond James Financial upgraded shares of Xylem to a “hold” rating in a report on Thursday, May 15th. Finally, Stifel Nicolaus increased their price target on shares of Xylem from $141.00 to $162.00 and gave the stock a “buy” rating in a research report on Monday. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Xylem has an average rating of “Moderate Buy” and an average price target of $149.29.

Xylem Stock Up 0.6%

NYSE:XYL opened at $131.84 on Thursday. The firm has a market capitalization of $32.08 billion, a P/E ratio of 35.44, a PEG ratio of 2.38 and a beta of 1.12. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $143.50. The company’s fifty day moving average price is $128.10 and its 200-day moving average price is $123.29. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.89 and a quick ratio of 1.41.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.08. The business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.04 billion. Xylem had a net margin of 10.54% and a return on equity of 10.12%. The company’s revenue was up 1.8% compared to the same quarter last year. During the same period last year, the firm posted $0.90 earnings per share. As a group, equities research analysts anticipate that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, May 29th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Thursday, May 29th. Xylem’s payout ratio is currently 43.01%.

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.