Chevy Chase Trust Holdings LLC Sells 3,287 Shares of Xylem Inc. (NYSE:XYL)

Chevy Chase Trust Holdings LLC lessened its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 127,486 shares of the industrial products company's stock after selling 3,287 shares during the period. Chevy Chase Trust Holdings LLC owned 0.05% of Xylem worth $14,791,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of XYL. V Square Quantitative Management LLC boosted its stake in Xylem by 7.7% during the fourth quarter. V Square Quantitative Management LLC now owns 7,082 shares of the industrial products company's stock worth $822,000 after acquiring an additional 509 shares in the last quarter. Figure 8 Investment Strategies LLC acquired a new position in shares of Xylem during the fourth quarter valued at about $2,328,000. Mcrae Capital Management Inc. boosted its position in shares of Xylem by 2.9% during the 4th quarter. Mcrae Capital Management Inc. now owns 3,575 shares of the industrial products company's stock worth $415,000 after purchasing an additional 100 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in shares of Xylem by 5.1% in the 4th quarter. Asset Management One Co. Ltd. now owns 155,081 shares of the industrial products company's stock valued at $18,227,000 after buying an additional 7,517 shares during the period. Finally, SFE Investment Counsel increased its position in Xylem by 48.1% in the 4th quarter. SFE Investment Counsel now owns 27,760 shares of the industrial products company's stock valued at $3,221,000 after buying an additional 9,010 shares in the last quarter. Institutional investors own 87.96% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on XYL shares. Robert W. Baird increased their target price on Xylem from $139.00 to $148.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. TD Cowen reduced their price objective on shares of Xylem from $138.00 to $125.00 and set a "hold" rating for the company in a report on Wednesday, November 6th. Stifel Nicolaus decreased their target price on shares of Xylem from $166.00 to $150.00 and set a "buy" rating for the company in a research report on Friday, January 24th. Citigroup cut shares of Xylem from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Finally, Royal Bank of Canada decreased their price objective on Xylem from $163.00 to $162.00 and set an "outperform" rating for the company in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Xylem currently has a consensus rating of "Moderate Buy" and a consensus price target of $149.90.

Xylem Stock Performance

Shares of XYL stock traded down $0.21 on Wednesday, hitting $130.28. 1,006,694 shares of the stock were exchanged, compared to its average volume of 1,350,062. The firm's 50 day moving average is $121.50 and its two-hundred day moving average is $127.16. Xylem Inc. has a one year low of $113.26 and a one year high of $146.08. The firm has a market capitalization of $31.65 billion, a PE ratio of 35.60, a P/E/G ratio of 2.32 and a beta of 1.07. 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 (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 analysts' consensus estimates of $1.12 by $0.06. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same quarter last year, the business earned $0.99 earnings per share. The company's quarterly revenue was up 8.6% on a year-over-year basis. Sell-side analysts expect that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.40 per share. This is a boost from Xylem's previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, February 18th. This represents a $1.60 dividend on an annualized basis and a yield of 1.23%. Xylem's payout ratio is presently 43.72%.

Xylem 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.