Wells Fargo & Company MN Lowers Stock Position in Xylem Inc. (NYSE:XYL)

Wells Fargo & Company MN decreased its position in Xylem Inc. (NYSE:XYL) by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,321,697 shares of the industrial products company’s stock after selling 13,860 shares during the period. Wells Fargo & Company MN owned about 0.54% of Xylem worth $153,343,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Clear Creek Financial Management LLC raised its holdings in Xylem by 4.3% in the 4th quarter. Clear Creek Financial Management LLC now owns 2,315 shares of the industrial products company’s stock worth $269,000 after purchasing an additional 96 shares during the period. Bleakley Financial Group LLC lifted its position in shares of Xylem by 2.3% during the 4th quarter. Bleakley Financial Group LLC now owns 4,359 shares of the industrial products company’s stock valued at $506,000 after buying an additional 96 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its position in Xylem by 1.3% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 7,868 shares of the industrial products company’s stock worth $913,000 after acquiring an additional 98 shares during the period. Mcrae Capital Management Inc. lifted its holdings in Xylem by 2.9% during the fourth quarter. Mcrae Capital Management Inc. now owns 3,575 shares of the industrial products company’s stock valued at $415,000 after purchasing an additional 100 shares in the last quarter. Finally, Larson Financial Group LLC grew its position in shares of Xylem by 24.0% in the fourth quarter. Larson Financial Group LLC now owns 521 shares of the industrial products company’s stock valued at $60,000 after purchasing an additional 101 shares during the period. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Price Performance

Shares of XYL stock opened at $104.46 on Monday. 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 has a market capitalization of $25.42 billion, a PE ratio of 28.54, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. The firm’s 50-day moving average is $125.04 and its two-hundred day moving average is $125.24. Xylem Inc. has a 12 month low of $101.98 and a 12 month high of $146.08.

Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 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 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 revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.99 EPS. Analysts predict that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th were issued a $0.40 dividend. This is a positive change from Xylem’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend was Tuesday, February 18th. Xylem’s payout ratio is 43.72%.

Wall Street Analyst Weigh In

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