Cannell & Spears LLC lowered its position in shares of Xylem Inc. (NYSE:XYL - Free Report) by 76.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 104,294 shares of the industrial products company's stock after selling 329,736 shares during the quarter. Cannell & Spears LLC's holdings in Xylem were worth $12,100,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the business. Summit Financial LLC acquired a new position in Xylem during the fourth quarter worth $675,000. AIA Group Ltd boosted its stake in shares of Xylem by 7.5% during the 4th quarter. AIA Group Ltd now owns 2,017 shares of the industrial products company's stock worth $234,000 after buying an additional 140 shares during the last quarter. Martin Currie Ltd. grew its holdings in shares of Xylem by 54.6% in the 4th quarter. Martin Currie Ltd. now owns 11,120 shares of the industrial products company's stock valued at $1,290,000 after acquiring an additional 3,927 shares in the last quarter. Portland Global Advisors LLC increased its position in shares of Xylem by 0.9% in the fourth quarter. Portland Global Advisors LLC now owns 44,979 shares of the industrial products company's stock valued at $5,218,000 after acquiring an additional 421 shares during the last quarter. Finally, Schroder Investment Management Group raised its holdings in Xylem by 0.9% during the fourth quarter. Schroder Investment Management Group now owns 28,661 shares of the industrial products company's stock worth $3,333,000 after acquiring an additional 259 shares in the last quarter. 87.96% of the stock is owned by institutional investors.
Xylem Stock Performance
Shares of XYL traded down $0.81 during midday trading on Wednesday, reaching $119.07. 2,648,266 shares of the stock were exchanged, compared to its average volume of 1,321,784. The stock's 50 day simple moving average is $125.65 and its 200 day simple moving average is $125.69. The company has a market cap of $28.94 billion, a P/E ratio of 32.53, a PEG ratio of 2.33 and a beta of 1.08. Xylem Inc. has a twelve month low of $111.32 and a twelve month high of $146.08. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19.
Xylem (NYSE:XYL - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, beating analysts' consensus estimates of $1.12 by $0.06. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.18 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The firm's quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.99 earnings per share. On average, sell-side analysts expect that Xylem Inc. will post 4.65 earnings per share for the current year.
Xylem Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th were given a dividend of $0.40 per share. This is a boost 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 1.34%. Xylem's dividend payout ratio is currently 43.72%.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on XYL. Robert W. Baird upped their price objective on Xylem from $139.00 to $148.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 5th. Stifel Nicolaus cut their price target 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. Citigroup downgraded shares of Xylem from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Finally, Wolfe Research reaffirmed a "peer perform" rating on shares of Xylem in a report on Thursday, December 12th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $149.89.
View Our Latest Research Report on XYL
About Xylem
(
Free Report)
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.
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