Aviva PLC Sells 9,061 Shares of Xylem Inc. (NYSE:XYL)

Aviva PLC reduced its stake in Xylem Inc. (NYSE:XYL - Free Report) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 574,327 shares of the industrial products company's stock after selling 9,061 shares during the period. Aviva PLC owned 0.24% of Xylem worth $66,633,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Lee Danner & Bass Inc. bought a new position in Xylem in the 4th quarter valued at about $30,000. Rialto Wealth Management LLC bought a new position in shares of Xylem during the fourth quarter worth approximately $31,000. Heck Capital Advisors LLC acquired a new stake in shares of Xylem during the 4th quarter worth $36,000. Pathway Financial Advisers LLC lifted its position in Xylem by 122.4% during the fourth 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. increased its holdings in Xylem by 69.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company's stock valued at $37,000 after buying an additional 130 shares during the period. 87.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

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Xylem Trading Up 0.6 %

NYSE:XYL traded up $0.69 during mid-day trading on Friday, hitting $108.37. 403,909 shares of the company's stock were exchanged, compared to its average volume of 1,366,863. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $146.08. The company has a 50 day simple moving average of $123.13 and a 200-day simple moving average of $124.19. The firm has a market capitalization of $26.37 billion, a P/E ratio of 29.54, a PEG ratio of 2.33 and a beta of 1.08.

Xylem (NYSE:XYL - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, topping analysts' consensus estimates of $1.12 by $0.06. The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.18 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. Xylem's revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.99 earnings per share. As a group, research analysts expect that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th were issued a $0.40 dividend. This is a positive change from Xylem's previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.60 annualized dividend and a yield of 1.48%. Xylem's payout ratio is presently 43.72%.

Xylem Company Profile

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.