HighTower Advisors LLC Sells 3,297 Shares of Xylem Inc. (NYSE:XYL)

HighTower Advisors LLC cut its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 82,633 shares of the industrial products company's stock after selling 3,297 shares during the quarter. HighTower Advisors LLC's holdings in Xylem were worth $9,587,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in XYL. Rialto Wealth Management LLC purchased a new position in shares of Xylem during the fourth quarter worth approximately $31,000. Heck Capital Advisors LLC purchased a new position in shares of Xylem in the fourth quarter worth $36,000. Pathway Financial Advisers LLC increased its stake in shares of Xylem by 122.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company's stock worth $37,000 after buying an additional 175 shares during the period. SRS Capital Advisors Inc. increased its stake in shares of Xylem by 69.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company's stock worth $37,000 after buying an additional 130 shares during the period. Finally, Assetmark Inc. increased its stake in shares of Xylem by 3,887.5% in the third quarter. Assetmark Inc. now owns 319 shares of the industrial products company's stock worth $43,000 after buying an additional 311 shares during the period. 87.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Robert W. Baird lifted their target price on shares of Xylem from $139.00 to $148.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 5th. Stifel Nicolaus decreased their target price on shares of Xylem from $166.00 to $150.00 and set a "buy" rating on the stock in a research note on Friday, January 24th. Citigroup cut shares of Xylem from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 5th. Finally, Wolfe Research reiterated a "peer perform" rating on shares of Xylem in a report on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $149.89.

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Xylem Stock Down 1.3 %

Shares of XYL stock traded down $1.57 during mid-day trading on Friday, reaching $118.27. 2,663,468 shares of the company's stock traded hands, compared to its average volume of 1,456,491. Xylem Inc. has a 12 month low of $113.26 and a 12 month high of $146.08. The company has a market cap of $28.75 billion, a P/E ratio of 32.31, a P/E/G ratio of 2.33 and a beta of 1.08. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. The company's 50-day moving average price is $125.15 and its 200-day moving average price is $126.28.

Xylem (NYSE:XYL - Get Free Report) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, beating 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 for the quarter, compared to analysts' expectations of $2.18 billion. During the same quarter in the previous year, the business posted $0.99 EPS. The company's quarterly revenue was up 8.6% on a year-over-year basis. On average, equities analysts expect that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th were paid a $0.40 dividend. This is a boost from Xylem's previous quarterly dividend of $0.36. The ex-dividend date was Tuesday, February 18th. This represents a $1.60 dividend on an annualized basis and a yield of 1.35%. 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.