Providence Capital Advisors LLC Has $5.75 Million Stock Position in Xylem Inc. (NYSE:XYL)

Providence Capital Advisors LLC grew its holdings in shares of Xylem Inc. (NYSE:XYL) by 1.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,155 shares of the industrial products company’s stock after buying an additional 914 shares during the quarter. Providence Capital Advisors LLC’s holdings in Xylem were worth $5,753,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Townsquare Capital LLC boosted its holdings in Xylem by 0.8% during the fourth quarter. Townsquare Capital LLC now owns 11,074 shares of the industrial products company’s stock worth $1,285,000 after purchasing an additional 88 shares during the last quarter. Bridgewater Associates LP boosted its holdings in Xylem by 59.6% during the fourth quarter. Bridgewater Associates LP now owns 2,482 shares of the industrial products company’s stock worth $288,000 after purchasing an additional 927 shares during the last quarter. Evergreen Capital Management LLC boosted its holdings in Xylem by 3.6% during the fourth quarter. Evergreen Capital Management LLC now owns 5,585 shares of the industrial products company’s stock worth $648,000 after purchasing an additional 193 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in Xylem by 2.9% during the fourth quarter. NewEdge Advisors LLC now owns 4,019 shares of the industrial products company’s stock worth $466,000 after purchasing an additional 112 shares during the last quarter. Finally, Champlain Investment Partners LLC boosted its holdings in Xylem by 6.8% during the fourth quarter. Champlain Investment Partners LLC now owns 1,769,795 shares of the industrial products company’s stock worth $205,332,000 after purchasing an additional 112,010 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Xylem Stock Down 1.2%

XYL opened at $141.87 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.90 and a debt-to-equity ratio of 0.17. The stock has a market cap of $34.53 billion, a price-to-earnings ratio of 36.85, a PEG ratio of 2.49 and a beta of 1.11. Xylem Inc. has a twelve month low of $100.47 and a twelve month high of $145.33. The company’s 50-day moving average price is $132.54 and its two-hundred day moving average price is $125.70.

Xylem (NYSE:XYL) last posted its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.11. Xylem had a net margin of 10.74% and a return on equity of 10.33%. The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same quarter in the previous year, the firm posted $1.09 earnings per share. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. As a group, equities analysts expect that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, August 28th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Xylem’s dividend payout ratio (DPR) is currently 41.56%.

Analysts Set New Price Targets

Several research firms recently weighed in on XYL. Royal Bank Of Canada boosted their price target on shares of Xylem from $143.00 to $147.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. Wall Street Zen upgraded shares of Xylem from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Stifel Nicolaus boosted their price target on shares of Xylem from $162.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, August 1st. JPMorgan Chase & Co. began coverage on shares of Xylem in a research note on Friday, May 30th. They issued an “overweight” rating and a $148.00 target price on the stock. Finally, Citigroup reiterated a “buy” rating and issued a $152.00 target price (up from $137.00) on shares of Xylem in a research note on Monday, July 14th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Xylem presently has an average rating of “Moderate Buy” and an average target price of $151.57.

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.