Marshall Wace LLP Sells 40,039 Shares of Xylem Inc. (NYSE:XYL)

Marshall Wace LLP reduced its position in shares of Xylem Inc. (NYSE:XYL - Free Report) by 54.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,510 shares of the industrial products company's stock after selling 40,039 shares during the period. Marshall Wace LLP's holdings in Xylem were worth $3,888,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Lee Danner & Bass Inc. purchased a new position in Xylem in the fourth quarter valued at approximately $30,000. Rialto Wealth Management LLC purchased a new position in Xylem in the fourth quarter valued at approximately $31,000. Heck Capital Advisors LLC purchased a new stake in shares of Xylem during the fourth quarter valued at approximately $36,000. SRS Capital Advisors Inc. raised its stake in shares of Xylem by 69.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 130 shares during the period. Finally, Pathway Financial Advisers LLC raised its stake in shares of Xylem by 122.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 175 shares during the period. 87.96% of the stock is owned by institutional investors and hedge funds.

Xylem Trading Up 2.5 %

Shares of XYL traded up $2.93 during midday trading on Tuesday, hitting $118.85. The stock had a trading volume of 2,864,907 shares, compared to its average volume of 1,414,412. The firm has a market cap of $28.92 billion, a P/E ratio of 32.47, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. 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 business has a 50-day simple moving average of $118.61 and a two-hundred day simple moving average of $122.20. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $146.08.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.95 by $0.08. Xylem had a net margin of 10.40% and a return on equity of 9.96%. During the same period in the prior year, the firm earned $0.90 EPS. Xylem's revenue for the quarter was up 1.8% on a year-over-year basis. As a group, equities analysts forecast that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.35%. This is an increase from Xylem's previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Tuesday, February 18th. Xylem's dividend payout ratio is presently 43.72%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on XYL shares. Stifel Nicolaus dropped their price objective on shares of Xylem from $150.00 to $140.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Robert W. Baird lifted their price objective on shares of Xylem from $139.00 to $148.00 and gave the company an "outperform" rating in a research note on Wednesday, February 5th. Finally, Citigroup dropped their price objective on shares of Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Xylem currently has a consensus rating of "Moderate Buy" and an average target price of $147.33.

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.