LPL Financial LLC Reduces Holdings in Xylem Inc. (NYSE:XYL)

LPL Financial LLC lowered its stake in shares of Xylem Inc. (NYSE:XYL - Free Report) by 4.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 322,272 shares of the industrial products company's stock after selling 16,781 shares during the quarter. LPL Financial LLC owned about 0.13% of Xylem worth $37,390,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Lee Danner & Bass Inc. purchased a new position in shares of Xylem in the fourth quarter worth $30,000. Rialto Wealth Management LLC purchased a new position in Xylem in the 4th quarter worth $31,000. Heck Capital Advisors LLC acquired a new stake in Xylem during the 4th quarter worth about $36,000. Pathway Financial Advisers LLC grew its stake in Xylem by 122.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 175 shares during the last quarter. Finally, SRS Capital Advisors Inc. increased its holdings 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 valued at $37,000 after purchasing an additional 130 shares during the period. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Xylem Price Performance

Shares of Xylem stock traded up $0.07 during trading hours on Monday, reaching $119.51. The stock had a trading volume of 1,694,833 shares, compared to its average volume of 1,313,718. Xylem Inc. has a twelve month low of $113.26 and a twelve month high of $146.08. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $29.05 billion, a PE ratio of 32.65, a PEG ratio of 2.33 and a beta of 1.08. The stock's 50 day moving average is $125.70 and its 200 day moving average is $125.85.

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Xylem (NYSE:XYL - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.12 by $0.06. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.18 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. Xylem's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.99 earnings per share. Equities analysts expect that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.34%. The ex-dividend date was Tuesday, February 18th. This is an increase from Xylem's previous quarterly dividend of $0.36. Xylem's dividend payout ratio is 43.72%.

Wall Street Analyst Weigh In

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

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.