XXEC Inc. Sells 1,653 Shares of Xylem Inc. (NYSE:XYL)

XXEC Inc. decreased its holdings in shares of Xylem Inc. (NYSE:XYL) by 7.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,806 shares of the industrial products company’s stock after selling 1,653 shares during the quarter. Xylem accounts for about 2.0% of XXEC Inc.’s investment portfolio, making the stock its 19th biggest position. XXEC Inc.’s holdings in Xylem were worth $2,414,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of XYL. Heck Capital Advisors LLC bought a new stake in Xylem during the 4th quarter valued at $36,000. Pathway Financial Advisers LLC increased its stake in shares of Xylem by 122.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock valued at $37,000 after buying an additional 175 shares during the period. SRS Capital Advisors Inc. raised its holdings in shares of Xylem by 69.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 130 shares in the last quarter. Assetmark Inc. increased its position in Xylem by 3,887.5% during the 3rd quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 311 shares during the period. Finally, Versant Capital Management Inc lifted its position in shares of Xylem by 318.2% in the 4th quarter. Versant Capital Management Inc now owns 368 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 280 shares during the period. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Xylem Stock Down 2.4 %

Xylem stock opened at $126.72 on Wednesday. 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 Inc. has a fifty-two week low of $113.26 and a fifty-two week high of $146.08. The company has a market cap of $30.79 billion, a PE ratio of 34.62, a PEG ratio of 2.33 and a beta of 1.07. The business’s 50-day simple moving average is $123.29 and its two-hundred day simple moving average is $127.10.

Xylem (NYSE:XYL) last posted its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.06. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.18 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.99 earnings per share. Equities analysts anticipate that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th will be issued a $0.40 dividend. The ex-dividend date of this dividend 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%.

Analysts Set New Price Targets

A number of research firms have weighed in on XYL. Stifel Nicolaus lowered their target price on Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a report on Friday, January 24th. Wolfe Research restated a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. TD Cowen cut their target price on Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. Citigroup lowered shares of Xylem from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, Robert W. Baird boosted their price objective on shares of Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $149.90.

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.