We Think Xylem's Smart Water Strategy Will Help Widen Its Moat
We maintain our $72 per share fair value estimate for Xylem, as the narrow-moat water treatment company delivered another strong quarter, posting a 16% year-over-year increase in adjusted EPS, which was in line with consensus estimates. Management announced a 14% increase in the quarterly dividend to $0.24 per share.Xylem generated $1.4 billion of revenue in the fourth quarter, a 9% year-over-year increase fueled by impressive 17% growth in the measurement and control solutions segment. The app...
Xylem is water technology company. The company designs, manufactures and services engineered solutions ranging across a variety of applications primarily in the water sector, but also in electric and gas. The company's business segments are: water infrastructure, which serves the water infrastructure sector with pump systems, filtration, ultraviolet and ozone systems and pumping solutions; Applied Water, which serves the usage applications sector with water pressure boosting systems; and Measurement and Control Solutions, which serves the utility infrastructure solutions and services sector by delivering communications, smart metering, measurement and control technologies and infrastructure technologies.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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