Rockefeller Capital Management L.P. Has $13.05 Million Position in Xylem Inc. (NYSE:XYL)

Rockefeller Capital Management L.P. decreased its stake in shares of Xylem Inc. (NYSE:XYL - Free Report) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 112,453 shares of the industrial products company's stock after selling 5,038 shares during the period. Rockefeller Capital Management L.P.'s holdings in Xylem were worth $13,048,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Lee Danner & Bass Inc. acquired a new stake in shares of Xylem in the 4th quarter valued at about $30,000. Rialto Wealth Management LLC acquired a new stake in shares of Xylem in the fourth quarter valued at about $31,000. Heck Capital Advisors LLC bought a new stake in Xylem during the fourth quarter worth about $36,000. Pathway Financial Advisers LLC boosted its position in Xylem by 122.4% during the fourth 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. grew its stake in 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 in the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Xylem Price Performance

Shares of NYSE:XYL traded up $1.34 during trading on Friday, reaching $110.53. 2,154,926 shares of the company traded hands, compared to its average volume of 1,385,591. The company's 50 day moving average is $120.60 and its two-hundred day moving average is $123.16. Xylem Inc. has a 52 week low of $100.47 and a 52 week 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 firm has a market capitalization of $26.90 billion, a PE ratio of 30.20, a PEG ratio of 2.33 and a beta of 1.08.

Xylem (NYSE:XYL - Get Free Report) last released its quarterly 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 return on equity of 9.96% and a net margin of 10.40%. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the previous year, the company posted $0.99 EPS. The business's revenue was up 8.6% on a year-over-year basis. As a group, sell-side analysts predict that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.45%. 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 (DPR) is currently 43.72%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on XYL. Citigroup cut their price objective on Xylem from $152.00 to $134.00 and set a "buy" rating for the company in a report on Monday, April 14th. Robert W. Baird upped their target price on shares of Xylem from $139.00 to $148.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Finally, Stifel Nicolaus reduced their price target on Xylem from $150.00 to $140.00 and set a "buy" rating for the company in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company 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.