CIBC Private Wealth Group LLC Sells 84 Shares of Xylem Inc. (NYSE:XYL)

CIBC Private Wealth Group LLC decreased its position in shares of Xylem Inc. (NYSE:XYL) by 0.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,159 shares of the industrial products company’s stock after selling 84 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Xylem were worth $5,350,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Martin Currie Ltd. increased its position in Xylem by 54.6% during the 4th quarter. Martin Currie Ltd. now owns 11,120 shares of the industrial products company’s stock valued at $1,290,000 after purchasing an additional 3,927 shares during the period. Portland Global Advisors LLC increased its holdings in Xylem by 0.9% during the fourth quarter. Portland Global Advisors LLC now owns 44,979 shares of the industrial products company’s stock valued at $5,218,000 after buying an additional 421 shares during the period. Schroder Investment Management Group raised its stake in Xylem by 0.9% in the fourth quarter. Schroder Investment Management Group now owns 28,661 shares of the industrial products company’s stock worth $3,333,000 after buying an additional 259 shares in the last quarter. Allianz SE purchased a new stake in Xylem during the fourth quarter worth $1,910,000. Finally, Allstate Corp bought a new stake in Xylem during the 4th quarter valued at $836,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Xylem Stock Up 0.2 %

XYL stock opened at $119.74 on Wednesday. The stock has a market capitalization of $29.10 billion, a PE ratio of 32.72, a price-to-earnings-growth 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 quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. The firm has a 50 day moving average of $125.65 and a 200 day moving average of $125.69.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.06. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.18 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.99 earnings per share. Sell-side analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The company also recently announced 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. This is an increase from Xylem’s previous quarterly dividend of $0.36. The ex-dividend date was Tuesday, February 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.34%. Xylem’s payout ratio is 43.72%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Robert W. Baird boosted their price target on Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Stifel Nicolaus decreased their price target on shares of Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Wolfe Research restated a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Finally, Citigroup lowered shares of Xylem from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $149.89.

Xylem Company 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.