TIAA Trust National Association Sells 571 Shares of Xylem Inc. (NYSE:XYL)

TIAA Trust National Association decreased its position in shares of Xylem Inc. (NYSE:XYL) by 20.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,229 shares of the industrial products company’s stock after selling 571 shares during the quarter. TIAA Trust National Association’s holdings in Xylem were worth $259,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Lee Danner & Bass Inc. bought a new position in Xylem during the fourth quarter worth $30,000. Rialto Wealth Management LLC bought a new position in shares of Xylem in the 4th quarter worth about $31,000. Heck Capital Advisors LLC acquired a new position in shares of Xylem in the 4th quarter valued at about $36,000. SRS Capital Advisors Inc. boosted its position in shares of Xylem by 69.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 130 shares in the last quarter. Finally, Pathway Financial Advisers LLC grew its stake in Xylem by 122.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 175 shares during the period. Institutional investors and hedge funds own 87.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Citigroup downgraded shares of Xylem from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Robert W. Baird raised 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. Wolfe Research reiterated a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Finally, Stifel Nicolaus reduced their target price on Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Xylem presently has an average rating of “Moderate Buy” and a consensus target price of $149.89.

Xylem Trading Down 2.1 %

NYSE:XYL opened at $119.42 on Friday. 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 Inc. has a one year low of $113.26 and a one year high of $146.08. The company has a market cap of $29.02 billion, a PE ratio of 32.63, a PEG ratio of 2.33 and a beta of 1.08. The firm has a 50-day moving average of $125.70 and a 200-day moving average of $125.91.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $2.18 billion. During the same period in the previous year, the company posted $0.99 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, equities research analysts expect that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.34%. This is an increase from Xylem’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Tuesday, February 18th. Xylem’s payout ratio is currently 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.