Harrington Investments INC Decreases Stock Holdings in Xylem Inc. (NYSE:XYL)

Harrington Investments INC reduced its position in shares of Xylem Inc. (NYSE:XYL) by 1.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 22,367 shares of the industrial products company’s stock after selling 307 shares during the quarter. Xylem comprises approximately 1.4% of Harrington Investments INC’s holdings, making the stock its 23rd largest holding. Harrington Investments INC’s holdings in Xylem were worth $2,595,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of XYL. Hilton Capital Management LLC purchased a new position in shares of Xylem in the 4th quarter worth $5,361,000. LBP AM SA grew its position in Xylem by 12.5% in the fourth quarter. LBP AM SA now owns 404,433 shares of the industrial products company’s stock worth $46,922,000 after acquiring an additional 44,823 shares in the last quarter. Parnassus Investments LLC increased its stake in Xylem by 29.7% during the fourth quarter. Parnassus Investments LLC now owns 735,489 shares of the industrial products company’s stock worth $85,331,000 after acquiring an additional 168,242 shares during the last quarter. Commonwealth Equity Services LLC raised its position in Xylem by 10.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 82,149 shares of the industrial products company’s stock valued at $9,531,000 after purchasing an additional 7,945 shares during the period. Finally, HBK Sorce Advisory LLC lifted its stake in shares of Xylem by 4.4% in the 4th quarter. HBK Sorce Advisory LLC now owns 4,935 shares of the industrial products company’s stock valued at $573,000 after purchasing an additional 210 shares during the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Citigroup downgraded Xylem from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Stifel Nicolaus lowered their target price on shares of Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a report on Friday, January 24th. Wolfe Research reiterated a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Finally, Robert W. Baird raised 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 equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Xylem presently has an average rating of “Moderate Buy” and a consensus price target of $149.89.

Xylem Stock Up 1.4 %

Shares of NYSE XYL opened at $122.74 on Friday. The stock has a 50 day moving average price of $124.74 and a 200 day moving average price of $126.69. The firm has a market capitalization of $29.83 billion, a price-to-earnings ratio of 33.54, a PEG ratio of 2.33 and a beta of 1.08. Xylem Inc. has a 52-week low of $113.26 and a 52-week high of $146.08. 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 (NYSE:XYL) last issued its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.06. The business had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.18 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The business’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 EPS. Sell-side analysts expect that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Tuesday, February 18th. This is a boost from Xylem’s previous quarterly dividend of $0.36. Xylem’s dividend payout ratio is presently 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.