InTrack Investment Management Inc Has $400,000 Stock Holdings in Xylem Inc. (NYSE:XYL)

InTrack Investment Management Inc reduced its position in Xylem Inc. (NYSE:XYL - Free Report) by 39.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,462 shares of the industrial products company's stock after selling 2,301 shares during the period. InTrack Investment Management Inc's holdings in Xylem were worth $400,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Swedbank AB boosted its stake in Xylem by 22.8% in the third quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company's stock valued at $403,953,000 after acquiring an additional 554,609 shares during the last quarter. Erste Asset Management GmbH bought a new position in shares of Xylem in the 3rd quarter worth $68,593,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Xylem during the third quarter worth $52,169,000. Champlain Investment Partners LLC increased its holdings in Xylem by 17.8% in the third quarter. Champlain Investment Partners LLC now owns 1,657,785 shares of the industrial products company's stock valued at $223,851,000 after purchasing an additional 249,975 shares during the last quarter. Finally, State Street Corp lifted its stake in Xylem by 1.9% in the third quarter. State Street Corp now owns 10,329,494 shares of the industrial products company's stock valued at $1,394,792,000 after buying an additional 189,820 shares during the period. Institutional investors own 87.96% of the company's stock.

Wall Street Analysts Forecast Growth

XYL has been the subject of several analyst reports. Royal Bank of Canada decreased their target price on Xylem from $163.00 to $162.00 and set an "outperform" rating for the company in a research report on Friday, November 1st. Robert W. Baird lowered their target price on shares of Xylem from $175.00 to $154.00 and set an "outperform" rating for the company in a research note on Friday, November 1st. Stifel Nicolaus reduced their price target on shares of Xylem from $172.00 to $166.00 and set a "buy" rating on the stock in a research report on Wednesday, December 11th. Citigroup decreased their price target on shares of Xylem from $148.00 to $147.00 and set a "buy" rating for the company in a report on Monday, January 13th. Finally, Wolfe Research reaffirmed a "peer perform" rating on shares of Xylem in a research note on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $152.10.

Xylem Stock Up 0.7 %

Shares of NYSE:XYL traded up $0.89 during mid-day trading on Friday, reaching $119.84. 1,396,460 shares of the stock were exchanged, compared to its average volume of 1,010,634. The stock's 50 day simple moving average is $121.08 and its 200-day simple moving average is $128.80. Xylem Inc. has a one year low of $109.70 and a one year high of $146.08. The company has a market cap of $29.11 billion, a P/E ratio of 35.04, a P/E/G ratio of 1.89 and a beta of 1.06. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.11. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period last year, the company earned $0.99 earnings per share. The firm's revenue was up .2% compared to the same quarter last year. As a group, equities research analysts predict that Xylem Inc. will post 4.23 EPS for the current year.

Xylem Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, November 26th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend was Tuesday, November 26th. Xylem's dividend payout ratio is currently 42.11%.

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.