Xylem Inc. (NYSE:XYL) Shares Sold by Asset Advisors Investment Management LLC

Asset Advisors Investment Management LLC decreased its stake in shares of Xylem Inc. (NYSE:XYL) by 2.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,040 shares of the industrial products company’s stock after selling 415 shares during the period. Asset Advisors Investment Management LLC’s holdings in Xylem were worth $2,093,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Union Bancaire Privee UBP SA acquired a new stake in Xylem in the fourth quarter worth approximately $3,395,000. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Xylem by 94.9% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 66,539 shares of the industrial products company’s stock worth $7,720,000 after buying an additional 32,400 shares in the last quarter. Redmond Asset Management LLC lifted its holdings in shares of Xylem by 2.1% in the fourth quarter. Redmond Asset Management LLC now owns 28,384 shares of the industrial products company’s stock valued at $3,293,000 after buying an additional 574 shares during the period. Allianz Asset Management GmbH boosted its stake in Xylem by 25.2% during the fourth quarter. Allianz Asset Management GmbH now owns 740,075 shares of the industrial products company’s stock valued at $85,864,000 after buying an additional 148,759 shares in the last quarter. Finally, Nicholson Wealth Management Group LLC grew its holdings in Xylem by 159.7% during the fourth quarter. Nicholson Wealth Management Group LLC now owns 12,608 shares of the industrial products company’s stock worth $1,463,000 after acquiring an additional 7,753 shares during the period. Institutional investors own 87.96% of the company’s stock.

Xylem Stock Performance

Shares of Xylem stock opened at $127.32 on Monday. Xylem Inc. has a 12 month low of $113.26 and a 12 month high of $146.08. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. The stock has a market cap of $30.93 billion, a PE ratio of 34.79, a price-to-earnings-growth ratio of 2.33 and a beta of 1.07. The business has a fifty day simple moving average of $121.81 and a 200-day simple moving average of $127.19.

Xylem (NYSE:XYL) last announced 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. The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.18 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the company posted $0.99 EPS. On average, sell-side analysts anticipate that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, February 18th. This is an increase from Xylem’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a yield of 1.26%. Xylem’s payout ratio is presently 43.72%.

Wall Street Analysts Forecast Growth

XYL has been the subject of several research reports. Citigroup lowered shares of Xylem from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Royal Bank of Canada reduced their target price on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a report on Friday, November 1st. TD Cowen dropped their price target on Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. Stifel Nicolaus reduced their price objective on Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Four investment 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, Xylem presently has an average rating of “Moderate Buy” and a consensus target price of $149.90.

Xylem Company 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.