IQ EQ FUND MANAGEMENT IRELAND Ltd Cuts Holdings in Xylem Inc. (NYSE:XYL)

IQ EQ FUND MANAGEMENT IRELAND Ltd lessened its position in shares of Xylem Inc. (NYSE:XYL) by 28.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,441 shares of the industrial products company’s stock after selling 10,696 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Xylem were worth $3,068,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. NEOS Investment Management LLC grew its holdings in shares of Xylem by 28.0% during the 4th quarter. NEOS Investment Management LLC now owns 11,334 shares of the industrial products company’s stock worth $1,315,000 after purchasing an additional 2,482 shares during the period. Sava Infond d.o.o. purchased a new stake in Xylem during the fourth quarter worth approximately $162,000. Elo Mutual Pension Insurance Co increased its position in shares of Xylem by 12.1% in the fourth quarter. Elo Mutual Pension Insurance Co now owns 23,983 shares of the industrial products company’s stock worth $2,783,000 after acquiring an additional 2,582 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Xylem by 7.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 394,495 shares of the industrial products company’s stock valued at $46,227,000 after acquiring an additional 28,237 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of Xylem by 2.7% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 48,710 shares of the industrial products company’s stock valued at $5,651,000 after acquiring an additional 1,287 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Xylem Stock Performance

Xylem stock opened at $123.16 on Thursday. Xylem Inc. has a 52 week low of $113.26 and a 52 week high of $146.08. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. The stock has a market cap of $29.93 billion, a P/E ratio of 33.65, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. The stock has a 50 day moving average of $125.64 and a 200-day moving average of $126.00.

Xylem (NYSE:XYL) last posted its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, beating 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 firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.99 earnings per share. On average, analysts expect that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.30%. This is an increase from Xylem’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Tuesday, February 18th. Xylem’s dividend payout ratio (DPR) is 43.72%.

Analyst Ratings Changes

XYL has been the subject of several recent research reports. Robert W. Baird increased their price target on Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Stifel Nicolaus lowered their target price on Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Citigroup lowered Xylem from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.89.

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.