Hartford Investment Management Co. Sells 291 Shares of Xylem Inc. (NYSE:XYL)

Hartford Investment Management Co. lowered its holdings in shares of Xylem Inc. (NYSE:XYL) by 1.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,025 shares of the industrial products company’s stock after selling 291 shares during the period. Hartford Investment Management Co.’s holdings in Xylem were worth $1,743,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in XYL. Community Financial Services Group LLC increased its stake in shares of Xylem by 0.8% in the 4th quarter. Community Financial Services Group LLC now owns 25,300 shares of the industrial products company’s stock valued at $2,935,000 after acquiring an additional 204 shares in the last quarter. Strengthening Families & Communities LLC grew its holdings in Xylem by 2.1% in the fourth quarter. Strengthening Families & Communities LLC now owns 19,281 shares of the industrial products company’s stock worth $2,237,000 after purchasing an additional 391 shares during the period. Wingate Wealth Advisors Inc. bought a new stake in Xylem in the fourth quarter valued at $59,000. Angeles Wealth Management LLC raised its holdings in shares of Xylem by 16.8% during the fourth quarter. Angeles Wealth Management LLC now owns 2,876 shares of the industrial products company’s stock valued at $334,000 after purchasing an additional 414 shares during the period. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of Xylem during the 4th quarter worth about $69,000. 87.96% of the stock is owned by institutional investors and hedge funds.

Xylem Stock Up 1.0 %

XYL opened at $131.23 on Friday. Xylem Inc. has a fifty-two week low of $113.26 and a fifty-two week high of $146.08. The firm has a market capitalization of $31.88 billion, a P/E ratio of 35.86, a PEG ratio of 2.36 and a beta of 1.07. The company’s 50-day moving average is $121.27 and its 200 day moving average is $127.34. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.42.

Xylem (NYSE:XYL) last posted its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.12 by $0.06. The firm had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.99 EPS. Research analysts expect that Xylem Inc. will post 4.66 earnings per share for the current fiscal year.

Xylem Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders 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 a positive change from Xylem’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 1.22%. Xylem’s dividend payout ratio (DPR) is currently 39.34%.

Analysts Set New Price Targets

XYL has been the subject of a number of research analyst reports. Robert W. Baird boosted their target price on Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Wolfe Research reaffirmed a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Stifel Nicolaus cut their target price on Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Citigroup lowered shares of Xylem from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, Royal Bank of Canada dropped their price objective on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.