American Century Companies Inc. Cuts Position in Xylem Inc. (NYSE:XYL)

American Century Companies Inc. trimmed its position in shares of Xylem Inc. (NYSE:XYL) by 20.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,844,226 shares of the industrial products company’s stock after selling 466,432 shares during the period. American Century Companies Inc. owned about 0.76% of Xylem worth $213,967,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in XYL. Lee Danner & Bass Inc. acquired a new position in Xylem in the fourth quarter valued at approximately $30,000. Rialto Wealth Management LLC acquired a new position in Xylem in the fourth quarter valued at approximately $31,000. Heck Capital Advisors LLC acquired a new position in Xylem in the fourth quarter valued at approximately $36,000. Pathway Financial Advisers LLC boosted its holdings in Xylem by 122.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 175 shares in the last quarter. Finally, SRS Capital Advisors Inc. boosted its holdings in 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 purchasing an additional 130 shares in the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on XYL shares. Stifel Nicolaus lowered their price target 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 reaffirmed a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Citigroup downgraded Xylem from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 5th. Finally, Robert W. Baird increased their price objective on Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a report 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 data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $149.89.

Xylem Price Performance

Shares of NYSE XYL opened at $118.27 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. The stock has a fifty day moving average price of $125.24 and a 200 day moving average price of $126.12. Xylem Inc. has a 1-year low of $113.26 and a 1-year high of $146.08. The company has a market cap of $28.75 billion, a PE ratio of 32.31, a P/E/G ratio of 2.33 and a beta of 1.08.

Xylem (NYSE:XYL) last issued its quarterly 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. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The firm had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same period last year, the company earned $0.99 earnings per share. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. Sell-side analysts forecast that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was 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 1.35%. Xylem’s dividend payout ratio (DPR) is currently 43.72%.

About Xylem

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.