Notis McConarty Edward Sells 1,041 Shares of Xylem Inc. (NYSE:XYL)

Notis McConarty Edward lessened its position in shares of Xylem Inc. (NYSE:XYL) by 3.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 29,847 shares of the industrial products company’s stock after selling 1,041 shares during the period. Xylem makes up about 1.7% of Notis McConarty Edward’s holdings, making the stock its 23rd biggest position. Notis McConarty Edward’s holdings in Xylem were worth $3,463,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of XYL. Lee Danner & Bass Inc. purchased a new position in shares of Xylem during the 4th quarter valued at $30,000. Rialto Wealth Management LLC purchased a new position in Xylem during the fourth quarter worth about $31,000. Heck Capital Advisors LLC bought a new position in Xylem in the 4th quarter worth about $36,000. SRS Capital Advisors Inc. raised its holdings 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 valued at $37,000 after acquiring an additional 130 shares in the last quarter. Finally, Pathway Financial Advisers LLC boosted its position in shares of Xylem by 122.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 175 shares during the last quarter. Institutional investors own 87.96% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on XYL shares. Citigroup cut shares of Xylem from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Stifel Nicolaus decreased their price target on shares of Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, January 24th. 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 report on Wednesday, February 5th. Finally, Wolfe Research reissued a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Xylem currently has an average rating of “Moderate Buy” and an average target price of $149.89.

Xylem Stock Performance

Xylem stock opened at $104.46 on Friday. The firm has a fifty day simple moving average of $125.04 and a two-hundred day simple moving average of $125.35. Xylem Inc. has a twelve month low of $104.24 and a twelve month high of $146.08. The company has a market capitalization of $25.39 billion, a PE ratio of 28.54, a P/E/G ratio of 2.33 and a beta of 1.08. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL) last issued its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, beating the consensus estimate 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%. Xylem’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.99 EPS. Research analysts expect that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th were issued a dividend of $0.40 per share. 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 1.53%. The ex-dividend date of this dividend was Tuesday, February 18th. Xylem’s dividend payout ratio is currently 43.72%.

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.