Wilmington Savings Fund Society FSB Sells 11,657 Shares of Xylem Inc. (NYSE:XYL)

Wilmington Savings Fund Society FSB cut its holdings in Xylem Inc. (NYSE:XYL) by 63.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,795 shares of the industrial products company’s stock after selling 11,657 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Xylem were worth $788,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in XYL. Heck Capital Advisors LLC bought a new position in shares of Xylem during the fourth quarter valued at approximately $36,000. Assetmark Inc. lifted its holdings in 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 buying an additional 311 shares during the period. Versant Capital Management Inc boosted its position in Xylem by 318.2% during the 4th quarter. Versant Capital Management Inc now owns 368 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 280 shares in the last quarter. Catalyst Capital Advisors LLC increased its holdings in shares of Xylem by 226.0% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 339 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 235 shares during the period. Finally, Brooklyn Investment Group purchased a new position in shares of Xylem in the 3rd quarter valued at $55,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Xylem Trading Up 0.1 %

NYSE:XYL opened at $131.24 on Tuesday. The company has a current ratio of 1.76, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. The firm has a fifty day simple moving average of $121.03 and a 200-day simple moving average of $127.35. Xylem Inc. has a 12 month low of $113.26 and a 12 month high of $146.08. The company has a market capitalization of $31.88 billion, a P/E ratio of 35.86, a PEG ratio of 2.36 and a beta of 1.07.

Xylem (NYSE:XYL) last issued its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.06. The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.18 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.99 EPS. On average, equities research analysts anticipate that Xylem Inc. will post 4.66 earnings per share for the current year.

Xylem Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.22%. The ex-dividend date is Tuesday, February 18th. This is an increase from Xylem’s previous quarterly dividend of $0.36. Xylem’s dividend payout ratio is 39.34%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on XYL. Citigroup cut Xylem from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Wolfe Research reissued a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Robert W. Baird lifted their price objective on shares of Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Stifel Nicolaus decreased their target price on shares of Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Finally, Royal Bank of Canada cut their price target on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.90.

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.