Princeton Global Asset Management LLC Sells 1,558 Shares of Xylem Inc. (NYSE:XYL)

Princeton Global Asset Management LLC cut its position in Xylem Inc. (NYSE:XYL) by 29.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,722 shares of the industrial products company’s stock after selling 1,558 shares during the period. Princeton Global Asset Management LLC’s holdings in Xylem were worth $445,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its stake in Xylem by 31.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 575 shares of the industrial products company’s stock valued at $67,000 after acquiring an additional 139 shares during the period. Triodos Investment Management BV grew its position in Xylem by 12.7% in the 4th quarter. Triodos Investment Management BV now owns 234,000 shares of the industrial products company’s stock valued at $27,149,000 after purchasing an additional 26,300 shares during the period. Stoneridge Investment Partners LLC bought a new stake in Xylem during the 4th quarter valued at $3,754,000. Allianz SE acquired a new position in Xylem during the fourth quarter worth $1,910,000. Finally, Figure 8 Investment Strategies LLC acquired a new position in Xylem during the fourth quarter worth $2,328,000. 87.96% of the stock is owned by institutional investors.

Xylem Price Performance

XYL opened at $126.68 on Friday. The firm has a market cap of $30.83 billion, a P/E ratio of 34.61, a PEG ratio of 2.33 and a beta of 1.13. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $143.50. The firm has a 50-day moving average of $118.62 and a 200 day moving average of $121.71.

Xylem (NYSE:XYL) last released its earnings results on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.08. The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.04 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The company’s revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.90 EPS. On average, research analysts expect that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Thursday, May 29th. Xylem’s dividend payout ratio is currently 43.01%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on XYL shares. Raymond James raised shares of Xylem to a “hold” rating in a research report on Thursday, May 15th. Citigroup dropped their target price on Xylem from $152.00 to $134.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Royal Bank of Canada upped their price target on Xylem from $143.00 to $147.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. Robert W. Baird lowered their price target on Xylem from $149.00 to $146.00 and set an “outperform” rating for the company in a research report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. began coverage on shares of Xylem in a report on Friday, May 30th. They set an “overweight” rating and a $148.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $143.71.

About Xylem

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.