Harrington Investments INC Lowers Stock Position in Xylem Inc. (NYSE:XYL)

Harrington Investments INC trimmed its stake in Xylem Inc. (NYSE:XYL) by 2.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 21,842 shares of the industrial products company’s stock after selling 525 shares during the period. Xylem comprises 1.5% of Harrington Investments INC’s investment portfolio, making the stock its 23rd biggest holding. Harrington Investments INC’s holdings in Xylem were worth $2,609,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in XYL. Impax Asset Management Group plc boosted its holdings in Xylem by 231.5% during the 4th quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company’s stock valued at $644,039,000 after acquiring an additional 3,883,845 shares during the period. Norges Bank acquired a new stake in shares of Xylem during the fourth quarter worth about $302,734,000. Northern Trust Corp boosted its stake in shares of Xylem by 42.0% in the fourth quarter. Northern Trust Corp now owns 3,268,433 shares of the industrial products company’s stock valued at $379,204,000 after purchasing an additional 966,399 shares during the period. AMF Tjanstepension AB acquired a new position in shares of Xylem in the fourth quarter valued at approximately $96,658,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Xylem during the 4th quarter worth approximately $83,139,000. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

XYL has been the subject of several recent research reports. Royal Bank of Canada raised their price target on shares of Xylem from $143.00 to $147.00 and gave the company an “outperform” rating in a research report on Wednesday, April 30th. Citigroup decreased their target price on Xylem from $152.00 to $134.00 and set a “buy” rating for the company in a report on Monday, April 14th. Robert W. Baird lowered their target price on Xylem from $149.00 to $146.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. Stifel Nicolaus increased 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, JPMorgan Chase & Co. initiated coverage on Xylem in a research note on Friday, May 30th. They issued an “overweight” rating and a $148.00 price objective for the company. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $143.71.

Xylem Price Performance

Shares of NYSE XYL opened at $126.68 on Friday. The stock’s 50-day simple moving average is $118.62 and its 200-day simple moving average is $121.71. The firm has a market capitalization of $30.83 billion, a PE ratio of 34.61, a price-to-earnings-growth ratio of 2.33 and a beta of 1.13. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $143.50. 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 (NYSE:XYL) last announced 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 for the quarter, compared to analyst estimates of $2.04 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The firm’s revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.90 earnings per share. As a group, equities research analysts forecast that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Dividend Announcement

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

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.