HB Wealth Management LLC Buys 2,653 Shares of Xylem Inc. (NYSE:XYL)

HB Wealth Management LLC boosted its stake in shares of Xylem Inc. (NYSE:XYL) by 53.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,572 shares of the industrial products company’s stock after acquiring an additional 2,653 shares during the quarter. HB Wealth Management LLC’s holdings in Xylem were worth $905,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Valley National Advisers Inc. grew its holdings in Xylem by 84.9% during the 1st quarter. Valley National Advisers Inc. now owns 220 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 101 shares during the last quarter. Perkins Coie Trust Co acquired a new position in Xylem during the 1st quarter valued at about $27,000. Center for Financial Planning Inc. lifted its position in Xylem by 52.0% during the 1st quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 91 shares during the period. Heck Capital Advisors LLC acquired a new position in Xylem during the 4th quarter valued at about $36,000. Finally, Financial Gravity Asset Management Inc. acquired a new position in Xylem during the 1st quarter valued at about $41,000. Institutional investors own 87.96% of the company’s stock.

Xylem Stock Performance

Shares of NYSE:XYL opened at $130.72 on Thursday. The company has a market capitalization of $31.81 billion, a price-to-earnings ratio of 35.14, a P/E/G ratio of 2.40 and a beta of 1.12. The firm’s 50 day simple moving average is $128.69 and its 200 day simple moving average is $123.90. 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 Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $138.50.

Xylem (NYSE:XYL) last announced its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Xylem’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period last year, the company posted $0.90 EPS. As a group, sell-side analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th were issued a dividend of $0.40 per share. The ex-dividend date was Thursday, May 29th. This represents a $1.60 annualized dividend and a yield of 1.22%. Xylem’s dividend payout ratio (DPR) is currently 43.01%.

Wall Street Analysts Forecast Growth

XYL has been the topic of a number of research reports. JPMorgan Chase & Co. initiated coverage on shares of Xylem in a research report on Friday, May 30th. They set an “overweight” rating and a $148.00 target price on the stock. Citigroup restated a “buy” rating and set a $152.00 target price (up from $137.00) on shares of Xylem in a research report on Monday, July 14th. Royal Bank Of Canada upped their target price on shares of Xylem from $143.00 to $147.00 and gave the company an “outperform” rating in a research report on Wednesday, April 30th. Raymond James Financial upgraded shares of Xylem to a “hold” rating in a research report on Thursday, May 15th. Finally, Robert W. Baird cut their price target on shares of Xylem from $149.00 to $146.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Xylem currently has a consensus rating of “Moderate Buy” and an average price target of $149.29.

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.