Wellington Management Group LLP Reduces Position in Xylem Inc. (NYSE:XYL)

Wellington Management Group LLP decreased its holdings in Xylem Inc. (NYSE:XYL) by 15.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 793,379 shares of the industrial products company’s stock after selling 145,465 shares during the quarter. Wellington Management Group LLP owned 0.33% of Xylem worth $92,048,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Lee Danner & Bass Inc. purchased a new position in shares of Xylem during the fourth quarter valued at approximately $30,000. Rialto Wealth Management LLC bought a new stake in Xylem in the 4th quarter worth approximately $31,000. Heck Capital Advisors LLC bought a new position in shares of Xylem during the 4th quarter valued at $36,000. Pathway Financial Advisers LLC boosted its stake in shares of Xylem by 122.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock worth $37,000 after buying an additional 175 shares during the last quarter. Finally, SRS Capital Advisors Inc. grew its holdings in shares of Xylem by 69.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 130 shares during the period. Institutional investors own 87.96% of the company’s stock.

Xylem Stock Down 5.9 %

Shares of XYL stock opened at $104.46 on Friday. The company has a market capitalization of $25.39 billion, a price-to-earnings ratio of 28.54, a PEG ratio of 2.33 and a beta of 1.08. 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 company’s fifty day moving average price is $125.04 and its 200-day moving average price is $125.35. Xylem Inc. has a one year low of $104.24 and a one year high of $146.08.

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

Xylem Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.60 annualized dividend and a dividend yield of 1.53%. This is a boost from Xylem’s previous quarterly dividend of $0.36. Xylem’s dividend payout ratio (DPR) is presently 43.72%.

Analyst Upgrades and Downgrades

XYL has been the topic of a number of recent research reports. Wolfe Research reissued a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Robert W. Baird increased 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. Stifel Nicolaus reduced 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. Finally, Citigroup downgraded shares of Xylem from a “strong-buy” rating to a “hold” rating in a research 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’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $149.89.

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.