Corient Private Wealth LLC Sells 3,810 Shares of Xylem Inc. (NYSE:XYL)

Corient Private Wealth LLC reduced its position in shares of Xylem Inc. (NYSE:XYL - Free Report) by 9.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,723 shares of the industrial products company's stock after selling 3,810 shares during the period. Corient Private Wealth LLC's holdings in Xylem were worth $4,261,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in XYL. Swedbank AB grew its position in shares of Xylem by 22.8% during the 3rd quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company's stock valued at $403,953,000 after buying an additional 554,609 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Xylem by 4.0% during the third quarter. Empowered Funds LLC now owns 4,875 shares of the industrial products company's stock valued at $658,000 after buying an additional 188 shares during the last quarter. Thrivent Financial for Lutherans increased its position in Xylem by 38.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 71,098 shares of the industrial products company's stock valued at $9,600,000 after acquiring an additional 19,816 shares during the period. Pathstone Holdings LLC grew its stake in shares of Xylem by 14.5% in the third quarter. Pathstone Holdings LLC now owns 51,315 shares of the industrial products company's stock worth $6,929,000 after purchasing an additional 6,511 shares in the last quarter. Finally, Prospera Financial Services Inc increased its holdings in shares of Xylem by 3.1% during the third quarter. Prospera Financial Services Inc now owns 7,430 shares of the industrial products company's stock valued at $1,003,000 after purchasing an additional 224 shares during the period. 87.96% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

A number of research firms have commented on XYL. Citigroup downgraded shares of Xylem from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Stifel Nicolaus decreased their price target on shares of Xylem from $166.00 to $150.00 and set a "buy" rating on the stock in a research report on Friday, January 24th. Robert W. Baird upped their price target on Xylem from $139.00 to $148.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Finally, Wolfe Research reissued a "peer perform" rating on shares of Xylem in a research note on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Xylem has an average rating of "Moderate Buy" and an average price target of $149.89.

Xylem Stock Up 0.1 %

Shares of XYL stock traded up $0.07 on Wednesday, hitting $123.16. The company's stock had a trading volume of 1,643,275 shares, compared to its average volume of 1,231,259. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. The stock has a market capitalization of $29.93 billion, a price-to-earnings ratio of 33.65, a P/E/G ratio of 2.33 and a beta of 1.08. Xylem Inc. has a fifty-two week low of $113.26 and a fifty-two week high of $146.08. The firm's fifty day moving average price is $125.50 and its 200-day moving average price is $126.02.

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 (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.06. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the prior year, the company posted $0.99 EPS. The firm's revenue was up 8.6% on a year-over-year basis. Research analysts anticipate that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.30%. This is a boost from Xylem's previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Tuesday, February 18th. Xylem's payout ratio is presently 43.72%.

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.