Jump Financial LLC Lowers Stock Position in Xylem Inc. (NYSE:XYL)

Jump Financial LLC trimmed its position in Xylem Inc. (NYSE:XYL - Free Report) by 67.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,040 shares of the industrial products company's stock after selling 6,396 shares during the quarter. Jump Financial LLC's holdings in Xylem were worth $353,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nordea Investment Management AB grew its holdings in Xylem by 24.6% in the 4th quarter. Nordea Investment Management AB now owns 26,798 shares of the industrial products company's stock valued at $3,125,000 after buying an additional 5,286 shares in the last quarter. Swedbank AB grew its holdings in Xylem by 23.1% in the 4th quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company's stock valued at $427,325,000 after buying an additional 691,618 shares in the last quarter. Benson Investment Management Company Inc. acquired a new position in Xylem in the 4th quarter valued at $5,094,000. Franklin Resources Inc. grew its holdings in Xylem by 2.3% in the 3rd quarter. Franklin Resources Inc. now owns 1,597,657 shares of the industrial products company's stock valued at $219,262,000 after buying an additional 36,102 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in Xylem by 31.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 575 shares of the industrial products company's stock valued at $67,000 after buying an additional 139 shares in the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Xylem Trading Up 2.5 %

XYL traded up $2.93 during trading on Tuesday, hitting $118.85. The company's stock had a trading volume of 2,864,907 shares, compared to its average volume of 1,414,412. Xylem Inc. has a twelve month low of $100.47 and a twelve month high of $146.08. 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 stock's fifty day moving average price is $118.61 and its 200-day moving average price is $122.20. The firm has a market capitalization of $28.92 billion, a P/E ratio of 32.47, a PEG ratio of 2.33 and a beta of 1.08.

Xylem (NYSE:XYL - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $0.95 by $0.08. Xylem had a net margin of 10.40% and a return on equity of 9.96%. During the same quarter last year, the firm posted $0.90 earnings per share. The firm's revenue for the quarter was up 1.8% on a year-over-year basis. Analysts anticipate that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.40 per share. This is an increase from Xylem's previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.60 annualized dividend and a yield of 1.35%. Xylem's dividend payout ratio is presently 43.72%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on XYL. Stifel Nicolaus reduced their target price on Xylem from $150.00 to $140.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Robert W. Baird lifted their target price on Xylem from $139.00 to $148.00 and gave the company an "outperform" rating in a research report on Wednesday, February 5th. Finally, Citigroup decreased their target price on Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Xylem presently has a consensus rating of "Moderate Buy" and an average price target of $147.33.

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.