Xylem Inc. (NYSE:XYL) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 25.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 928,839 shares of the industrial products company's stock after selling 311,281 shares during the period. JPMorgan Chase & Co. owned 0.38% of Xylem worth $107,764,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in XYL. Lee Danner & Bass Inc. purchased a new stake in Xylem during the 4th quarter valued at approximately $30,000. Rialto Wealth Management LLC acquired a new position in shares of Xylem in the fourth quarter valued at approximately $31,000. Heck Capital Advisors LLC purchased a new stake in shares of Xylem during the fourth quarter worth approximately $36,000. Pathway Financial Advisers LLC lifted its holdings in shares of Xylem by 122.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company's stock worth $37,000 after purchasing an additional 175 shares during the period. Finally, SRS Capital Advisors Inc. grew its position in Xylem by 69.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company's stock valued at $37,000 after buying an additional 130 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company's stock.

Analyst Ratings Changes

XYL has been the subject of a number of analyst reports. Robert W. Baird upped their price objective on shares of Xylem from $139.00 to $148.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 5th. Citigroup cut shares of Xylem from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 5th. Stifel Nicolaus reduced their price objective 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. Finally, Wolfe Research reaffirmed a "peer perform" rating on shares of Xylem in a report 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 company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $149.89.

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Xylem Price Performance

XYL traded down $6.53 on Friday, hitting $104.46. 2,835,463 shares of the company were exchanged, compared to its average volume of 1,335,696. Xylem Inc. has a fifty-two week low of $104.32 and a fifty-two week high of $146.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. The firm has a market capitalization of $25.39 billion, a P/E ratio of 28.54, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. The business's fifty day moving average is $125.04 and its 200 day moving average is $125.35.

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, topping analysts' consensus estimates of $1.12 by $0.06. The business had revenue of $2.30 billion for the quarter, compared to analysts' expectations of $2.18 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The company's revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.99 EPS. As a group, sell-side analysts anticipate that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.53%. The ex-dividend date was Tuesday, February 18th. This is an increase from Xylem's previous quarterly dividend of $0.36. Xylem's payout ratio is 43.72%.

Xylem Company 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.