Xylem Inc. (NYSE:XYL) Shares Sold by Advisory Services Network LLC

Advisory Services Network LLC cut its stake in Xylem Inc. (NYSE:XYL) by 23.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,840 shares of the industrial products company’s stock after selling 861 shares during the period. Advisory Services Network LLC’s holdings in Xylem were worth $330,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Lee Danner & Bass Inc. acquired a new stake in shares of Xylem in the 4th quarter worth about $30,000. Rialto Wealth Management LLC acquired a new stake in shares of Xylem in the fourth quarter valued at approximately $31,000. Heck Capital Advisors LLC bought a new stake in shares of Xylem during the fourth quarter valued at approximately $36,000. Pathway Financial Advisers LLC boosted its position 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 worth $37,000 after buying an additional 175 shares during the period. Finally, SRS Capital Advisors Inc. grew its holdings in Xylem by 69.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company’s stock worth $37,000 after buying an additional 130 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

XYL has been the subject of a number of analyst reports. Citigroup reduced their price target on Xylem from $152.00 to $134.00 and set a “buy” rating for the company in a research report on Monday. Robert W. Baird upped 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, Stifel Nicolaus lowered their target price on shares of Xylem from $150.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Xylem presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.33.

Xylem Stock Up 1.2 %

NYSE XYL opened at $110.53 on Friday. Xylem Inc. has a 12 month low of $100.47 and a 12 month high of $146.08. The company has a market capitalization of $26.90 billion, a P/E ratio of 30.20, a PEG ratio of 2.33 and a beta of 1.08. The company’s 50 day simple moving average is $121.03 and its 200 day simple moving average is $123.40. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33.

Xylem (NYSE:XYL) last posted its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.06. The company had revenue of $2.30 billion for 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.99 earnings per share. Equities research analysts expect that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th were given a $0.40 dividend. This is a positive change from Xylem’s previous quarterly dividend of $0.36. The ex-dividend date was Tuesday, February 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.45%. Xylem’s dividend payout ratio (DPR) is 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.