Wells Fargo & Company MN Sells 13,860 Shares of Xylem Inc. (NYSE:XYL)

Wells Fargo & Company MN lowered its stake in Xylem Inc. (NYSE:XYL - Free Report) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,321,697 shares of the industrial products company's stock after selling 13,860 shares during the period. Wells Fargo & Company MN owned approximately 0.54% of Xylem worth $153,343,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of XYL. Clear Creek Financial Management LLC grew its position 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 worth $269,000 after purchasing an additional 96 shares in the last quarter. Bleakley Financial Group LLC increased its stake in 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 buying an additional 96 shares during the period. U.S. Capital Wealth Advisors LLC increased its stake in Xylem by 1.3% in the 4th 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 period. Mcrae Capital Management Inc. lifted its position 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 in the last quarter. Finally, Larson Financial Group LLC grew its holdings in shares of Xylem by 24.0% during the 4th quarter. Larson Financial Group LLC now owns 521 shares of the industrial products company's stock valued at $60,000 after acquiring an additional 101 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company's stock.

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Xylem Stock Performance

NYSE:XYL traded up $0.46 during trading hours on Friday, hitting $108.14. 403,909 shares of the company traded hands, compared to its average volume of 1,366,863. 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 twelve month low of $100.47 and a twelve month high of $146.08. The firm has a 50-day moving average of $123.13 and a 200 day moving average of $124.19. The stock has a market capitalization of $26.32 billion, a price-to-earnings ratio of 29.54, a P/E/G ratio of 2.33 and a beta of 1.08.

Xylem (NYSE:XYL - Get Free Report) last released its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.06. The business had revenue of $2.30 billion during 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 quarter last year, the company earned $0.99 earnings per share. On average, analysts forecast that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend was Tuesday, February 18th. This is a positive change from Xylem's previous quarterly dividend of $0.36. Xylem's payout ratio is 43.72%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on XYL. Stifel Nicolaus reduced 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. Citigroup lowered Xylem from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 5th. Wolfe Research restated a "peer perform" rating on shares of Xylem in a report on Thursday, December 12th. Finally, Robert W. Baird raised their price objective 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. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, Xylem currently has a consensus rating of "Moderate Buy" and an average price target of $149.89.

Xylem Company 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.