Quantbot Technologies LP Sells 5,130 Shares of Xylem Inc. (NYSE:XYL)

Quantbot Technologies LP cut its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 63.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,969 shares of the industrial products company's stock after selling 5,130 shares during the period. Quantbot Technologies LP's holdings in Xylem were worth $344,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of XYL. Nordea Investment Management AB lifted its holdings in Xylem by 24.6% in the fourth 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 during the period. MML Investors Services LLC increased its holdings in Xylem by 66.9% in the third quarter. MML Investors Services LLC now owns 15,935 shares of the industrial products company's stock valued at $2,152,000 after purchasing an additional 6,386 shares during the last quarter. Swedbank AB lifted its stake in Xylem by 23.1% in the fourth 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 during the period. Groupama Asset Managment boosted its holdings in Xylem by 89.6% during the third quarter. Groupama Asset Managment now owns 16,340 shares of the industrial products company's stock worth $2,206,000 after buying an additional 7,723 shares during the last quarter. Finally, Benson Investment Management Company Inc. acquired a new position in shares of Xylem during the 4th quarter worth about $5,094,000. Institutional investors own 87.96% of the company's stock.

Analyst Upgrades and Downgrades

XYL has been the subject of several recent analyst reports. Wolfe Research reaffirmed a "peer perform" rating on shares of Xylem in a research note on Thursday, December 12th. Stifel Nicolaus lowered 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. Robert W. Baird lifted their price objective on Xylem from $139.00 to $148.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Finally, Citigroup lowered Xylem from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Xylem has a consensus rating of "Moderate Buy" and an average target price of $149.89.

Xylem Stock Down 0.7 %

Shares of XYL traded down $0.81 during mid-day trading on Wednesday, hitting $119.07. 2,648,266 shares of the company's stock were exchanged, compared to its average volume of 1,322,492. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. Xylem Inc. has a 52 week low of $113.26 and a 52 week high of $146.08. The company has a market cap of $28.94 billion, a PE ratio of 32.53, a P/E/G ratio of 2.33 and a beta of 1.08. The company has a 50-day simple moving average of $125.59 and a 200 day simple moving average of $125.65.

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, topping the consensus estimate of $1.12 by $0.06. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The business had revenue of $2.30 billion during 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. The firm's revenue was up 8.6% on a year-over-year basis. On average, research analysts forecast 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. Shareholders of record on Tuesday, February 18th were given a dividend of $0.40 per share. This is a positive change from Xylem's previous quarterly dividend of $0.36. The ex-dividend date was Tuesday, February 18th. This represents a $1.60 annualized dividend and a dividend yield of 1.34%. Xylem's payout ratio is 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.