Essex Investment Management Co. LLC Sells 26,003 Shares of Xylem Inc. (NYSE:XYL)

Essex Investment Management Co. LLC trimmed its position in shares of Xylem Inc. (NYSE:XYL - Free Report) by 53.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,821 shares of the industrial products company's stock after selling 26,003 shares during the quarter. Essex Investment Management Co. LLC's holdings in Xylem were worth $2,648,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of XYL. Rialto Wealth Management LLC bought a new stake in Xylem during the 4th quarter valued at approximately $31,000. Heck Capital Advisors LLC bought a new stake in Xylem during the 4th quarter valued at approximately $36,000. Pathway Financial Advisers LLC boosted its position in shares of 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. boosted 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 worth $37,000 after purchasing an additional 130 shares in the last quarter. Finally, Assetmark Inc. boosted its position in shares of 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. 87.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Citigroup cut Xylem from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Wolfe Research reissued a "peer perform" rating on shares of Xylem in a research report on Thursday, December 12th. Stifel Nicolaus dropped their price target on Xylem from $166.00 to $150.00 and set a "buy" rating on the stock in a research report on Friday, January 24th. Finally, Robert W. Baird boosted their price target on Xylem from $139.00 to $148.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, Xylem has an average rating of "Moderate Buy" and a consensus price target of $149.90.

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Xylem Stock Down 0.5 %

NYSE XYL traded down $0.64 during mid-day trading on Wednesday, reaching $122.99. The stock had a trading volume of 1,117,979 shares, compared to its average volume of 1,205,165. The stock has a market cap of $29.89 billion, a PE ratio of 33.60, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. The company has a fifty day moving average price of $124.53 and a 200 day moving average price of $126.83. Xylem Inc. has a 1 year low of $113.26 and a 1 year high of $146.08.

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 analysts' consensus estimates of $1.12 by $0.06. The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.18 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The company's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.99 EPS. On average, research analysts expect that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.40 per share. The ex-dividend date is Tuesday, February 18th. 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 yield of 1.30%. Xylem's payout ratio is currently 43.72%.

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.