Cerity Partners LLC lowered its stake in shares of Xylem Inc. (NYSE:XYL - Free Report) by 5.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 109,229 shares of the industrial products company's stock after selling 5,816 shares during the quarter. Cerity Partners LLC's holdings in Xylem were worth $13,936,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the stock. Nordea Investment Management AB boosted its holdings in shares of Xylem by 24.6% in the 4th quarter. Nordea Investment Management AB now owns 26,798 shares of the industrial products company's stock valued at $3,125,000 after purchasing an additional 5,286 shares during the last quarter. MML Investors Services LLC boosted its holdings in Xylem by 66.9% in the third quarter. MML Investors Services LLC now owns 15,935 shares of the industrial products company's stock valued at $2,152,000 after acquiring an additional 6,386 shares during the last quarter. Swedbank AB grew its position in Xylem by 23.1% during the fourth quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company's stock valued at $427,325,000 after acquiring an additional 691,618 shares during the period. Benson Investment Management Company Inc. purchased a new position in shares of Xylem in the 4th quarter worth about $5,094,000. Finally, Franklin Resources Inc. lifted its stake in shares of Xylem by 2.3% in the 3rd quarter. Franklin Resources Inc. now owns 1,597,657 shares of the industrial products company's stock valued at $219,262,000 after purchasing an additional 36,102 shares in the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research analysts have weighed in on the stock. Citigroup reduced their price target on shares of Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a research report on Monday. 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 report on Wednesday, February 5th. Finally, Stifel Nicolaus lowered their price target on Xylem from $166.00 to $150.00 and set a "buy" rating for the company in a report on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $148.44.
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Xylem Stock Performance
Xylem stock traded up $0.07 during midday trading on Tuesday, reaching $109.77. 393,733 shares of the stock traded hands, compared to its average volume of 1,373,821. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $146.08. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. The firm has a market cap of $26.71 billion, a price-to-earnings ratio of 29.99, a PEG ratio of 2.33 and a beta of 1.08. The firm has a fifty day moving average price of $122.33 and a two-hundred day moving average price of $123.77.
Xylem (NYSE:XYL - Get Free Report) last announced 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 firm had revenue of $2.30 billion for 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 firm's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.99 EPS. On average, equities research analysts forecast 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. Stockholders of record on Tuesday, February 18th were paid a $0.40 dividend. This is a positive change from Xylem's previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date was Tuesday, February 18th. Xylem's dividend payout ratio is currently 43.72%.
Xylem Profile
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Free Report)
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.
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