Alliancebernstein L.P. Reduces Holdings in Xylem Inc. (NYSE:XYL)

Alliancebernstein L.P. lessened its stake in Xylem Inc. (NYSE:XYL - Free Report) by 8.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 283,146 shares of the industrial products company's stock after selling 25,854 shares during the quarter. Alliancebernstein L.P. owned 0.12% of Xylem worth $32,851,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Lee Danner & Bass Inc. purchased a new position in Xylem in the fourth quarter valued at $30,000. Rialto Wealth Management LLC acquired a new stake in shares of Xylem during the 4th quarter valued at about $31,000. Heck Capital Advisors LLC purchased a new position in shares of Xylem in the 4th quarter valued at about $36,000. Pathway Financial Advisers LLC raised its holdings in Xylem by 122.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company's stock worth $37,000 after purchasing an additional 175 shares during the period. Finally, SRS Capital Advisors Inc. boosted its position in Xylem by 69.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company's stock worth $37,000 after purchasing an additional 130 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company's stock.

Xylem Price Performance

Shares of NYSE:XYL traded up $1.26 during midday trading on Friday, hitting $108.94. The company's stock had a trading volume of 1,938,139 shares, compared to its average volume of 1,374,462. Xylem Inc. has a 12-month low of $100.47 and a 12-month high of $146.08. The company has a market cap of $26.51 billion, a P/E ratio of 29.76, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. The business's 50 day simple moving average is $122.72 and its 200 day simple moving average is $124.02.

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Xylem (NYSE:XYL - Get Free Report) last issued its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.06. The business had revenue of $2.30 billion for 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 business's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.99 EPS. On average, analysts forecast that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th were issued a $0.40 dividend. This is a boost from Xylem's previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 1.47%. The ex-dividend date was Tuesday, February 18th. Xylem's dividend payout ratio is presently 43.72%.

Wall Street Analysts Forecast Growth

XYL has been the subject of a number of recent analyst reports. Wolfe Research restated a "peer perform" rating on shares of Xylem in a research report on Thursday, December 12th. Citigroup lowered shares of Xylem from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 5th. Robert W. Baird increased their price objective on shares of Xylem from $139.00 to $148.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Finally, Stifel Nicolaus cut their target price on shares of Xylem from $166.00 to $150.00 and set a "buy" rating for the company in a research note on Friday, January 24th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $149.89.

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.