Tidal Investments LLC Cuts Position in Xylem Inc. (NYSE:XYL)

Tidal Investments LLC decreased its holdings in Xylem Inc. (NYSE:XYL) by 5.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 45,106 shares of the industrial products company’s stock after selling 2,536 shares during the quarter. Tidal Investments LLC’s holdings in Xylem were worth $5,233,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Toronto Dominion Bank raised its position in Xylem by 6.4% in the fourth quarter. Toronto Dominion Bank now owns 129,998 shares of the industrial products company’s stock worth $15,082,000 after acquiring an additional 7,869 shares in the last quarter. Siemens Fonds Invest GmbH increased its position in shares of Xylem by 201.4% in the fourth quarter. Siemens Fonds Invest GmbH now owns 7,644 shares of the industrial products company’s stock valued at $979,000 after buying an additional 5,108 shares in the last quarter. Shell Asset Management Co. increased its position in shares of Xylem by 12.3% in the fourth quarter. Shell Asset Management Co. now owns 72,043 shares of the industrial products company’s stock valued at $8,358,000 after buying an additional 7,872 shares in the last quarter. Royal Bank of Canada increased its position in shares of Xylem by 7.9% in the fourth quarter. Royal Bank of Canada now owns 4,369,804 shares of the industrial products company’s stock valued at $506,985,000 after buying an additional 320,500 shares in the last quarter. Finally, Rafferty Asset Management LLC increased its position in shares of Xylem by 11.4% in the fourth quarter. Rafferty Asset Management LLC now owns 22,693 shares of the industrial products company’s stock valued at $2,633,000 after buying an additional 2,327 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Xylem Trading Down 0.8%

Xylem stock opened at $126.94 on Wednesday. The stock has a 50-day moving average price of $117.41 and a 200 day moving average price of $121.45. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 52 week low of $100.47 and a 52 week high of $146.08. The stock has a market cap of $30.89 billion, a PE ratio of 34.68, a P/E/G ratio of 2.33 and a beta of 1.10.

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

Xylem Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.26%. The ex-dividend date is Thursday, May 29th. Xylem’s dividend payout ratio (DPR) is 43.01%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on XYL. Citigroup dropped 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, April 14th. Royal Bank of Canada raised their price target on Xylem from $143.00 to $147.00 and gave the company an “outperform” rating in a research report on Wednesday, April 30th. Raymond James upgraded Xylem to a “hold” rating in a research report on Thursday, May 15th. Stifel Nicolaus raised their price target on Xylem from $140.00 to $141.00 and gave the company a “buy” rating in a research report on Wednesday, April 30th. Finally, Robert W. Baird dropped 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. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $146.88.

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.