Corebridge Financial Inc. Has $6.67 Million Position in Xylem Inc. (NYSE:XYL)

Corebridge Financial Inc. trimmed its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 4.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,516 shares of the industrial products company's stock after selling 2,783 shares during the quarter. Corebridge Financial Inc.'s holdings in Xylem were worth $6,673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Lee Danner & Bass Inc. purchased a new position in Xylem during the fourth quarter worth approximately $30,000. Rialto Wealth Management LLC purchased a new position in Xylem in the 4th quarter valued at approximately $31,000. Heck Capital Advisors LLC purchased a new stake in shares of Xylem in the 4th quarter valued at approximately $36,000. Pathway Financial Advisers LLC raised its position in shares of Xylem by 122.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company's stock worth $37,000 after acquiring an additional 175 shares in the last quarter. Finally, SRS Capital Advisors Inc. grew its position in shares of Xylem by 69.5% in the 4th 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 during the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Xylem Trading Up 0.1 %

XYL stock traded up $0.07 during trading on Monday, hitting $119.51. The company had a trading volume of 1,694,833 shares, compared to its average volume of 1,313,718. 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 stock has a market cap of $29.05 billion, a price-to-earnings ratio of 32.65, a PEG ratio of 2.33 and a beta of 1.08. The firm has a 50-day moving average price of $125.70 and a 200-day moving average price of $125.85. Xylem Inc. has a 12 month low of $113.26 and a 12 month high of $146.08.

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Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $2.30 billion during the quarter, compared to analysts' expectations of $2.18 billion. During the same period in the prior year, the firm earned $0.99 earnings per share. Xylem's revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, analysts predict that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.34%. This is an increase from Xylem's previous quarterly dividend of $0.36. The ex-dividend date was Tuesday, February 18th. Xylem's dividend payout ratio is presently 43.72%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on XYL shares. Wolfe Research reaffirmed a "peer perform" rating on shares of Xylem in a report on Thursday, December 12th. Citigroup cut Xylem from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 5th. Stifel Nicolaus lowered 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. Finally, Robert W. Baird raised their price target on shares of Xylem from $139.00 to $148.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average 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.