Shelton Capital Management Trims Holdings in Xylem Inc. (NYSE:XYL)

Shelton Capital Management decreased its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 40.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,650 shares of the industrial products company's stock after selling 12,807 shares during the period. Shelton Capital Management's holdings in Xylem were worth $2,164,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Integrated Wealth Concepts LLC increased its stake in Xylem by 20.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 3,277 shares of the industrial products company's stock valued at $442,000 after buying an additional 557 shares during the period. IHT Wealth Management LLC purchased a new position in Xylem during the third quarter worth about $222,000. Quantinno Capital Management LP raised its holdings in Xylem by 130.1% during the third quarter. Quantinno Capital Management LP now owns 14,308 shares of the industrial products company's stock worth $1,932,000 after purchasing an additional 8,089 shares in the last quarter. Kovitz Investment Group Partners LLC lifted its position in Xylem by 259.0% in the third quarter. Kovitz Investment Group Partners LLC now owns 23,759 shares of the industrial products company's stock valued at $3,208,000 after purchasing an additional 17,141 shares during the period. Finally, National Bank of Canada FI boosted its holdings in Xylem by 82.6% in the 3rd quarter. National Bank of Canada FI now owns 124,135 shares of the industrial products company's stock valued at $16,762,000 after purchasing an additional 56,153 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company's stock.

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Xylem Price Performance

Shares of XYL stock traded up $0.55 during mid-day trading on Monday, reaching $109.61. The stock had a trading volume of 240,563 shares, compared to its average volume of 1,372,056. The company has a market cap of $26.67 billion, a P/E ratio of 29.95, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 12-month low of $100.47 and a 12-month high of $146.08. The business has a 50-day simple moving average of $122.72 and a 200 day simple moving average of $123.95.

Xylem (NYSE:XYL - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $2.30 billion for the quarter, compared to analysts' expectations of $2.18 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The firm's revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.99 EPS. On average, sell-side analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current 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 an increase from Xylem's previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.60 annualized dividend and a yield of 1.46%. Xylem's dividend payout ratio (DPR) is presently 43.72%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on XYL shares. Citigroup cut Xylem from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 5th. Robert W. Baird raised their target price on Xylem from $139.00 to $148.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Finally, Stifel Nicolaus decreased their target price on shares of 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 issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $149.89.

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.