Dakota Wealth Management Lowers Stock Holdings in Xylem Inc. (NYSE:XYL)

Dakota Wealth Management lessened its stake in Xylem Inc. (NYSE:XYL - Free Report) by 75.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,754 shares of the industrial products company's stock after selling 8,317 shares during the period. Dakota Wealth Management's holdings in Xylem were worth $320,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bangor Savings Bank raised its position in shares of Xylem by 56.7% in the third quarter. Bangor Savings Bank now owns 235 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 85 shares during the period. Assetmark Inc. boosted its stake in shares of Xylem by 3,887.5% in the 3rd quarter. Assetmark Inc. now owns 319 shares of the industrial products company's stock valued at $43,000 after purchasing an additional 311 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Xylem by 318.2% during the 4th quarter. Versant Capital Management Inc now owns 368 shares of the industrial products company's stock valued at $43,000 after purchasing an additional 280 shares during the last quarter. Catalyst Capital Advisors LLC increased its position in Xylem by 226.0% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 339 shares of the industrial products company's stock worth $46,000 after purchasing an additional 235 shares in the last quarter. Finally, Brooklyn Investment Group bought a new position in Xylem in the 3rd quarter valued at approximately $55,000. 87.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on XYL. Wolfe Research reaffirmed a "peer perform" rating on shares of Xylem in a research note on Thursday, December 12th. Robert W. Baird cut their price target on Xylem from $175.00 to $154.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. Citigroup reduced their price objective on shares of Xylem from $148.00 to $147.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Stifel Nicolaus reduced their price target on shares of Xylem from $166.00 to $150.00 and set a "buy" rating for the company in a report on Friday. Finally, Royal Bank of Canada dropped their price objective on shares of Xylem from $163.00 to $162.00 and set an "outperform" rating on the stock in a research note on Friday, November 1st. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $150.50.

Xylem Price Performance

Shares of NYSE:XYL traded down $0.05 during trading on Friday, reaching $121.53. The company had a trading volume of 1,066,223 shares, compared to its average volume of 953,177. Xylem Inc. has a 12 month low of $111.72 and a 12 month high of $146.08. The company has a fifty day moving average of $120.88 and a two-hundred day moving average of $128.32. The stock has a market capitalization of $29.53 billion, a P/E ratio of 35.54, a price-to-earnings-growth ratio of 2.05 and a beta of 1.06. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.11. The firm had revenue of $2.10 billion during the quarter, compared to analysts' expectations of $2.17 billion. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The company's revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.99 EPS. Equities research analysts forecast that Xylem Inc. will post 4.23 earnings per share for the current year.

Xylem Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th were given a dividend of $0.36 per share. The ex-dividend date was Tuesday, November 26th. This represents a $1.44 annualized dividend and a yield of 1.18%. Xylem's payout ratio is 42.11%.

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.