Xylem Inc. (NYSE:XYL) Shares Sold by Perpetual Ltd

Perpetual Ltd cut its position in shares of Xylem Inc. (NYSE:XYL) by 2.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 160,648 shares of the industrial products company’s stock after selling 4,280 shares during the quarter. Perpetual Ltd’s holdings in Xylem were worth $18,638,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Ballentine Partners LLC boosted its stake in Xylem by 5.9% during the fourth quarter. Ballentine Partners LLC now owns 9,022 shares of the industrial products company’s stock valued at $1,047,000 after buying an additional 504 shares in the last quarter. Mountain Pacific Investment Advisers LLC lifted its holdings in Xylem by 0.5% in the 4th quarter. Mountain Pacific Investment Advisers LLC now owns 311,092 shares of the industrial products company’s stock valued at $36,093,000 after acquiring an additional 1,595 shares during the last quarter. City Holding Co. boosted its position in shares of Xylem by 6.0% during the 4th quarter. City Holding Co. now owns 2,196 shares of the industrial products company’s stock valued at $255,000 after purchasing an additional 125 shares in the last quarter. Renaissance Investment Group LLC grew its position in Xylem by 1.6% in the fourth quarter. Renaissance Investment Group LLC now owns 79,414 shares of the industrial products company’s stock worth $9,214,000 after buying an additional 1,231 shares during the last quarter. Finally, Smith Salley Wealth Management raised its position in shares of Xylem by 0.3% during the fourth quarter. Smith Salley Wealth Management now owns 80,880 shares of the industrial products company’s stock worth $9,384,000 after purchasing an additional 241 shares during the period. Institutional investors own 87.96% of the company’s stock.

Wall Street Analyst Weigh In

XYL has been the topic of a number of recent analyst reports. TD Cowen cut their price target on shares of Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. Citigroup lowered their price target on Xylem from $148.00 to $147.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Robert W. Baird dropped their price target on Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Wolfe Research restated a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Finally, Stifel Nicolaus dropped their target price on Xylem from $172.00 to $166.00 and set a “buy” rating on the stock in a report on Wednesday, December 11th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $152.10.

Xylem Trading Up 0.7 %

NYSE:XYL opened at $119.84 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.96. The company has a market capitalization of $29.11 billion, a P/E ratio of 35.04, a P/E/G ratio of 1.99 and a beta of 1.06. The stock’s 50 day moving average price is $120.98 and its 200 day moving average price is $128.68. Xylem Inc. has a 52 week low of $109.70 and a 52 week high of $146.08.

Xylem (NYSE:XYL) last announced its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.11. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The company had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter in the previous year, the firm earned $0.99 earnings per share. The business’s quarterly revenue was up .2% compared to the same quarter last year. On average, research analysts forecast that Xylem Inc. will post 4.23 EPS for the current fiscal year.

Xylem Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, November 26th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.20%. The ex-dividend date was Tuesday, November 26th. Xylem’s dividend payout ratio is currently 42.11%.

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.