Middleton & Co. Inc. MA Has $9.14 Million Holdings in Xylem Inc. (NYSE:XYL)

Middleton & Co. Inc. MA grew its holdings in shares of Xylem Inc. (NYSE:XYL) by 3.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 78,739 shares of the industrial products company’s stock after acquiring an additional 2,775 shares during the quarter. Middleton & Co. Inc. MA’s holdings in Xylem were worth $9,135,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Heck Capital Advisors LLC acquired a new stake in shares of Xylem during the 4th quarter worth approximately $36,000. Pathway Financial Advisers LLC lifted its position in shares of Xylem by 122.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock worth $37,000 after buying an additional 175 shares during the last quarter. Assetmark Inc. boosted its stake in Xylem by 3,887.5% in the third quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock valued at $43,000 after buying an additional 311 shares in the last quarter. Versant Capital Management Inc grew its position in Xylem by 318.2% in the fourth quarter. Versant Capital Management Inc now owns 368 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 280 shares during the last quarter. Finally, Catalyst Capital Advisors LLC raised its stake in Xylem by 226.0% during the third quarter. Catalyst Capital Advisors LLC now owns 339 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 235 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Citigroup lowered shares of Xylem from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 5th. Royal Bank of Canada lowered their price target on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Stifel Nicolaus cut their price objective on Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Robert W. Baird boosted their price target on Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $149.90.

Xylem Stock Up 1.7 %

Xylem stock opened at $130.91 on Friday. The firm’s 50-day simple moving average is $122.87 and its 200 day simple moving average is $127.23. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. Xylem Inc. has a fifty-two week low of $113.26 and a fifty-two week high of $146.08. The stock has a market cap of $31.80 billion, a PE ratio of 35.77, a price-to-earnings-growth ratio of 2.33 and a beta of 1.07.

Xylem (NYSE:XYL) last announced its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.06. The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.18 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.99 earnings per share. Research analysts predict that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Tuesday, February 18th. This is a boost from Xylem’s previous quarterly dividend of $0.36. Xylem’s dividend payout ratio is 43.72%.

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.