Fidelis Capital Partners LLC Sells 245 Shares of Xylem Inc. (NYSE:XYL)

Fidelis Capital Partners LLC lessened its position in shares of Xylem Inc. (NYSE:XYL) by 12.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,718 shares of the industrial products company’s stock after selling 245 shares during the period. Fidelis Capital Partners LLC’s holdings in Xylem were worth $211,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Swedbank AB boosted its stake in shares of Xylem by 22.8% in the third quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company’s stock valued at $403,953,000 after buying an additional 554,609 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Xylem by 6.6% in the third quarter. Farther Finance Advisors LLC now owns 1,412 shares of the industrial products company’s stock valued at $191,000 after buying an additional 87 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Xylem by 1.9% in the third quarter. Janney Montgomery Scott LLC now owns 38,427 shares of the industrial products company’s stock valued at $5,189,000 after buying an additional 713 shares during the period. Van ECK Associates Corp boosted its stake in shares of Xylem by 7.3% in the third quarter. Van ECK Associates Corp now owns 6,700 shares of the industrial products company’s stock valued at $883,000 after buying an additional 458 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of Xylem by 27.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 314,964 shares of the industrial products company’s stock valued at $42,530,000 after buying an additional 67,061 shares during the period. Institutional investors own 87.96% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Xylem Stock Up 1.9 %

Shares of NYSE:XYL opened at $129.74 on Thursday. The company has a fifty day moving average of $123.29 and a 200-day moving average of $127.10. The company has a market capitalization of $31.52 billion, a PE ratio of 35.45, a price-to-earnings-growth ratio of 2.33 and a beta of 1.07. 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 52-week low of $113.26 and a 52-week high of $146.08.

Xylem (NYSE:XYL) last announced its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.99 earnings per share. On average, equities analysts predict that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.40 per share. 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 annualized dividend and a dividend yield of 1.23%. Xylem’s dividend payout ratio is 43.72%.

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.