Tredje AP fonden Sells 24,479 Shares of Xylem Inc. (NYSE:XYL)

Tredje AP fonden lowered its stake in Xylem Inc. (NYSE:XYL - Free Report) by 50.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,480 shares of the industrial products company's stock after selling 24,479 shares during the quarter. Tredje AP fonden's holdings in Xylem were worth $2,840,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of XYL. Rialto Wealth Management LLC purchased a new position in Xylem in the 4th quarter worth about $31,000. Heck Capital Advisors LLC purchased a new position in Xylem in the 4th quarter worth about $36,000. Pathway Financial Advisers LLC increased its stake in Xylem by 122.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company's stock worth $37,000 after purchasing an additional 175 shares in the last quarter. SRS Capital Advisors Inc. increased its stake in Xylem by 69.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company's stock worth $37,000 after purchasing an additional 130 shares in the last quarter. Finally, Assetmark Inc. increased its stake in Xylem by 3,887.5% in the 3rd quarter. Assetmark Inc. now owns 319 shares of the industrial products company's stock worth $43,000 after purchasing an additional 311 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company's stock.

Xylem Stock Down 1.8 %

Shares of Xylem stock traded down $2.21 during trading on Tuesday, hitting $120.87. 1,346,585 shares of the stock traded hands, compared to its average volume of 1,209,674. The stock has a market cap of $29.38 billion, a P/E ratio of 33.03, a PEG ratio of 2.33 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. Xylem Inc. has a twelve month low of $113.26 and a twelve month high of $146.08. The company has a fifty day moving average price of $124.86 and a two-hundred day moving average price of $126.48.

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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 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $2.18 billion. During the same period in the previous year, the company earned $0.99 EPS. The company's revenue for the quarter was up 8.6% on a year-over-year basis. Equities research analysts predict 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 will be paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th will be issued a $0.40 dividend. This is a positive change from Xylem's previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend is Tuesday, February 18th. Xylem's payout ratio is 43.72%.

Wall Street Analyst Weigh In

A number of brokerages have commented on XYL. Robert W. Baird raised their price objective on Xylem from $139.00 to $148.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 5th. Wolfe Research restated a "peer perform" rating on shares of Xylem in a research report on Thursday, December 12th. Citigroup lowered Xylem from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Finally, Stifel Nicolaus decreased their price objective on Xylem from $166.00 to $150.00 and set a "buy" rating for the company 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. According to data from MarketBeat, the stock presently has an average 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.