Dash Acquisitions Inc. Reduces Stake in Xylem Inc. (NYSE:XYL)

Dash Acquisitions Inc. trimmed its holdings in shares of Xylem Inc. (NYSE:XYL) by 8.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,843 shares of the industrial products company’s stock after selling 169 shares during the period. Dash Acquisitions Inc.’s holdings in Xylem were worth $224,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. State Street Corp lifted its position in Xylem by 1.9% during the third quarter. State Street Corp now owns 10,329,494 shares of the industrial products company’s stock valued at $1,394,792,000 after purchasing an additional 189,820 shares during the period. Geode Capital Management LLC raised its stake in shares of Xylem by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 5,668,755 shares of the industrial products company’s stock valued at $762,804,000 after buying an additional 54,877 shares during the last quarter. Swedbank AB lifted its holdings in shares of Xylem by 23.1% in the 4th quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company’s stock valued at $427,325,000 after buying an additional 691,618 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Xylem by 1.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,449,307 shares of the industrial products company’s stock worth $465,760,000 after buying an additional 32,645 shares during the last quarter. Finally, Impax Asset Management Group plc grew its holdings in Xylem by 1.0% during the third quarter. Impax Asset Management Group plc now owns 1,677,816 shares of the industrial products company’s stock worth $226,555,000 after acquiring an additional 15,825 shares during the period. 87.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on XYL. Wolfe Research restated a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Robert W. Baird increased their price target on shares of Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Citigroup cut shares of Xylem from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 5th. Royal Bank of Canada lowered their target price on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Finally, TD Cowen reduced their price target on Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $149.90.

Xylem Price Performance

Shares of Xylem stock opened at $130.28 on Thursday. The stock has a market capitalization of $31.65 billion, a P/E ratio of 35.60, a PEG ratio of 2.34 and a beta of 1.07. The business has a 50 day simple moving average of $121.50 and a two-hundred day simple moving average of $127.16. Xylem Inc. has a 12 month low of $113.26 and a 12 month high of $146.08. 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 data on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.12 by $0.06. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The firm had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the prior year, the company earned $0.99 EPS. The firm’s revenue was up 8.6% compared to the same quarter last year. As a group, analysts predict that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th will be issued a $0.40 dividend. This is an increase from Xylem’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, February 18th. This represents a $1.60 dividend on an annualized basis and a yield of 1.23%. Xylem’s dividend payout ratio is presently 43.72%.

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.