Xylem Inc. (NYSE:XYL) Shares Sold by Pier 88 Investment Partners LLC

Pier 88 Investment Partners LLC decreased its stake in Xylem Inc. (NYSE:XYL - Free Report) by 33.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,510 shares of the industrial products company's stock after selling 2,240 shares during the quarter. Pier 88 Investment Partners LLC's holdings in Xylem were worth $523,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of XYL. Glenmede Trust Co. NA raised its holdings in shares of Xylem by 3.4% during the third quarter. Glenmede Trust Co. NA now owns 18,399 shares of the industrial products company's stock valued at $2,484,000 after acquiring an additional 605 shares during the last quarter. Public Sector Pension Investment Board increased its position in shares of Xylem by 12.8% during the third quarter. Public Sector Pension Investment Board now owns 10,610 shares of the industrial products company's stock worth $1,433,000 after purchasing an additional 1,200 shares in the last quarter. Erste Asset Management GmbH acquired a new position in Xylem in the 3rd quarter valued at $68,593,000. FSA Wealth Management LLC purchased a new position in Xylem in the 3rd quarter valued at $131,000. Finally, Paloma Partners Management Co purchased a new stake in shares of Xylem during the third quarter worth $202,000. Hedge funds and other institutional investors own 87.96% of the company's stock.

Xylem Trading Down 0.7 %

NYSE:XYL traded down $0.81 on Wednesday, reaching $119.07. The company's stock had a trading volume of 2,648,266 shares, compared to its average volume of 1,321,784. Xylem Inc. has a 12-month low of $111.32 and a 12-month high of $146.08. The stock has a 50 day moving average price of $125.65 and a 200 day moving average price of $125.69. The firm has a market cap of $28.94 billion, a price-to-earnings ratio of 32.53, a price-to-earnings-growth 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.

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Xylem (NYSE:XYL - Get Free Report) last posted 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 company had revenue of $2.30 billion for the quarter, compared to analysts' expectations of $2.18 billion. During the same quarter in the prior year, the company posted $0.99 earnings per share. Xylem's revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities analysts anticipate that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Increases Dividend

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

Analysts Set New Price Targets

Several research firms have recently weighed in on XYL. Robert W. Baird raised their price target 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. Citigroup cut Xylem from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 5th. Wolfe Research reaffirmed a "peer perform" rating on shares of Xylem in a report on Thursday, December 12th. Finally, Stifel Nicolaus reduced their price objective on Xylem from $166.00 to $150.00 and set a "buy" rating on the stock in a research report on Friday, January 24th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target 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.