MassMutual Private Wealth & Trust FSB Cuts Stock Holdings in Xylem Inc. (NYSE:XYL)

MassMutual Private Wealth & Trust FSB lowered its stake in Xylem Inc. (NYSE:XYL - Free Report) by 11.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 75,780 shares of the industrial products company's stock after selling 9,698 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in Xylem were worth $8,792,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Bangor Savings Bank lifted its holdings in shares of Xylem by 56.7% during the third quarter. Bangor Savings Bank now owns 235 shares of the industrial products company's stock worth $32,000 after buying an additional 85 shares in the last quarter. Assetmark Inc. increased its holdings in shares of Xylem by 3,887.5% during the third quarter. Assetmark Inc. now owns 319 shares of the industrial products company's stock worth $43,000 after purchasing an additional 311 shares during the period. Versant Capital Management Inc raised its position in shares of Xylem by 318.2% in the fourth quarter. Versant Capital Management Inc now owns 368 shares of the industrial products company's stock valued at $43,000 after buying an additional 280 shares in the last quarter. Catalyst Capital Advisors LLC boosted its stake in shares of Xylem by 226.0% in the third quarter. Catalyst Capital Advisors LLC now owns 339 shares of the industrial products company's stock valued at $46,000 after buying an additional 235 shares during the period. Finally, Brooklyn Investment Group acquired a new stake in Xylem during the third quarter worth approximately $55,000. 87.96% of the stock is owned by institutional investors.

Xylem Trading Up 0.7 %

NYSE:XYL traded up $0.89 during mid-day trading on Monday, hitting $119.84. 1,396,460 shares of the company's stock were exchanged, compared to its average volume of 1,010,634. The firm has a market capitalization of $29.11 billion, a P/E ratio of 35.04, a PEG ratio of 1.89 and a beta of 1.06. The company has a 50 day simple moving average of $121.08 and a 200-day simple moving average of $128.77. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. Xylem Inc. has a fifty-two week low of $109.70 and a fifty-two week high of $146.08.

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

Xylem Announces Dividend

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

Wall Street Analysts Forecast Growth

XYL has been the subject of several analyst reports. Wolfe Research reaffirmed a "peer perform" rating on shares of Xylem in a report on Thursday, December 12th. Stifel Nicolaus cut their price objective on shares of Xylem from $172.00 to $166.00 and set a "buy" rating for the company in a research report on Wednesday, December 11th. TD Cowen decreased their target price on shares of Xylem from $138.00 to $125.00 and set a "hold" rating on the stock in a report on Wednesday, November 6th. Royal Bank of Canada cut their price target on shares of Xylem from $163.00 to $162.00 and set an "outperform" rating for the company in a report on Friday, November 1st. Finally, Citigroup lowered their price objective on shares of Xylem from $148.00 to $147.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Xylem has a consensus rating of "Moderate Buy" and an average target price of $152.10.

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.