Wellington Management Group LLP Cuts Stake in Xylem Inc. (NYSE:XYL)

Wellington Management Group LLP trimmed its position in Xylem Inc. (NYSE:XYL - Free Report) by 15.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 793,379 shares of the industrial products company's stock after selling 145,465 shares during the period. Wellington Management Group LLP owned approximately 0.33% of Xylem worth $92,048,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in XYL. Lee Danner & Bass Inc. purchased a new position in shares of Xylem during the fourth quarter worth $30,000. Rialto Wealth Management LLC purchased a new position in shares of Xylem during the fourth quarter worth $31,000. Heck Capital Advisors LLC purchased a new position in shares of Xylem during the fourth quarter worth $36,000. Pathway Financial Advisers LLC raised its holdings in shares of Xylem by 122.4% during the fourth 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 during the last quarter. Finally, SRS Capital Advisors Inc. increased its holdings 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 buying an additional 130 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Xylem Stock Performance

XYL stock traded down $3.33 during trading on Thursday, hitting $107.17. The company had a trading volume of 341,223 shares, compared to its average volume of 1,362,194. The firm has a 50-day moving average price of $123.43 and a 200-day moving average price of $124.37. 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 cap of $26.08 billion, a PE ratio of 29.35, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $146.08.

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Xylem (NYSE:XYL - Get Free Report) last issued its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.12 by $0.06. The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.18 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The company's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.99 EPS. On average, analysts expect that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.40 per share. This is a boost 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 dividend yield of 1.49%. Xylem's dividend payout ratio (DPR) is 43.72%.

Analysts Set New Price Targets

XYL has been the subject of a number of recent analyst reports. Wolfe Research reaffirmed a "peer perform" rating on shares of Xylem in a report on Thursday, December 12th. Stifel Nicolaus dropped 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. 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 research report on Wednesday, February 5th. Finally, Citigroup lowered shares of Xylem from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Xylem presently has an average rating of "Moderate Buy" and a consensus price target 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.