Xylem Inc. (NYSE:XYL) Shares Sold by Focus Partners Wealth

Focus Partners Wealth reduced its position in Xylem Inc. (NYSE:XYL) by 75.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 18,781 shares of the industrial products company’s stock after selling 57,449 shares during the period. Focus Partners Wealth’s holdings in Xylem were worth $2,179,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Xylem by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 28,644,417 shares of the industrial products company’s stock valued at $3,323,325,000 after purchasing an additional 303,854 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Xylem by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 5,804,247 shares of the industrial products company’s stock valued at $671,623,000 after acquiring an additional 135,492 shares during the last quarter. Impax Asset Management Group plc lifted its holdings in shares of 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 worth $644,039,000 after acquiring an additional 3,883,845 shares during the period. Invesco Ltd. lifted its holdings in shares of Xylem by 9.8% during the 4th quarter. Invesco Ltd. now owns 4,009,907 shares of the industrial products company’s stock worth $465,229,000 after acquiring an additional 359,276 shares during the period. Finally, Swedbank AB boosted its position in shares of Xylem by 23.1% in the fourth quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company’s stock worth $427,325,000 after acquiring an additional 691,618 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on XYL. Royal Bank of Canada lifted their price target on shares of Xylem from $143.00 to $147.00 and gave the company 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. Stifel Nicolaus lifted their price objective on Xylem from $140.00 to $141.00 and gave the company a “buy” rating in a research note on Wednesday, April 30th. Finally, Citigroup dropped their target price on shares of Xylem from $152.00 to $134.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $146.88.

Xylem Trading Up 1.2%

XYL opened at $126.98 on Friday. The firm has a market capitalization of $30.90 billion, a P/E ratio of 34.69, a P/E/G ratio of 2.33 and a beta of 1.10. The firm’s 50 day moving average is $117.10 and its 200-day moving average is $121.43. The company has a quick ratio of 1.33, a current ratio of 1.76 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.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.08. The firm 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.90 EPS. Analysts expect that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Announces Dividend

The business also recently declared 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 is Thursday, May 29th. Xylem’s payout ratio is currently 43.01%.

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.