Sei Investments Co. Increases Stake in Xylem Inc. (NYSE:XYL)

Sei Investments Co. boosted its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 5.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,158,533 shares of the industrial products company's stock after buying an additional 63,409 shares during the quarter. Sei Investments Co. owned approximately 0.48% of Xylem worth $134,413,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Clear Creek Financial Management LLC raised its stake in Xylem by 4.3% during the 4th quarter. Clear Creek Financial Management LLC now owns 2,315 shares of the industrial products company's stock valued at $269,000 after buying an additional 96 shares during the last quarter. Bleakley Financial Group LLC lifted its stake in shares of Xylem by 2.3% in the 4th quarter. Bleakley Financial Group LLC now owns 4,359 shares of the industrial products company's stock valued at $506,000 after purchasing an additional 96 shares during the last quarter. U.S. Capital Wealth Advisors LLC grew its stake in shares of Xylem by 1.3% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 7,868 shares of the industrial products company's stock valued at $913,000 after buying an additional 98 shares during the last quarter. Mcrae Capital Management Inc. increased its stake in Xylem by 2.9% in the 4th quarter. Mcrae Capital Management Inc. now owns 3,575 shares of the industrial products company's stock worth $415,000 after buying an additional 100 shares during the period. Finally, Larson Financial Group LLC lifted its stake in Xylem by 24.0% in the fourth quarter. Larson Financial Group LLC now owns 521 shares of the industrial products company's stock worth $60,000 after acquiring an additional 101 shares during the period. Institutional investors and hedge funds own 87.96% of the company's stock.

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Xylem Stock Up 0.1 %

Shares of XYL stock traded up $0.07 during trading hours on Wednesday, hitting $123.16. 1,643,275 shares of the company were exchanged, compared to its average volume of 1,232,770. The company has a market capitalization of $29.93 billion, a PE ratio of 33.65, a PEG ratio of 2.33 and a beta of 1.08. Xylem Inc. has a 52 week low of $113.26 and a 52 week high of $146.08. The business has a 50 day moving average of $125.64 and a two-hundred day moving average of $126.00. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same period in the previous year, the firm posted $0.99 EPS. The firm's revenue was up 8.6% on a year-over-year basis. Analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, February 18th. This is a positive change from Xylem's previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 1.30%. Xylem's dividend payout ratio (DPR) is currently 43.72%.

Analyst Ratings Changes

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