Penn Davis Mcfarland Inc. Cuts Stock Holdings in Xylem Inc. (NYSE:XYL)

Penn Davis Mcfarland Inc. lessened its position in shares of Xylem Inc. (NYSE:XYL) by 0.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 96,919 shares of the industrial products company’s stock after selling 124 shares during the quarter. Xylem comprises about 1.2% of Penn Davis Mcfarland Inc.’s investment portfolio, making the stock its 25th biggest holding. Penn Davis Mcfarland Inc.’s holdings in Xylem were worth $11,245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of XYL. Nordea Investment Management AB increased its holdings in shares of Xylem by 24.6% in the 4th quarter. Nordea Investment Management AB now owns 26,798 shares of the industrial products company’s stock worth $3,125,000 after buying an additional 5,286 shares during the last quarter. MML Investors Services LLC raised its stake in shares of Xylem by 66.9% in the third quarter. MML Investors Services LLC now owns 15,935 shares of the industrial products company’s stock valued at $2,152,000 after acquiring an additional 6,386 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Xylem by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,345,768 shares of the industrial products company’s stock valued at $181,719,000 after purchasing an additional 5,817 shares during the last quarter. Groupama Asset Managment raised its position in Xylem by 89.6% in the 3rd quarter. Groupama Asset Managment now owns 16,340 shares of the industrial products company’s stock worth $2,206,000 after purchasing an additional 7,723 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of Xylem by 2.3% during the third quarter. Franklin Resources Inc. now owns 1,597,657 shares of the industrial products company’s stock valued at $219,262,000 after buying an additional 36,102 shares during the period. 87.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

XYL has been the topic of several recent analyst reports. Robert W. Baird reduced their price target on Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Royal Bank of Canada reduced their target price on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Stifel Nicolaus cut their price target on shares of Xylem from $172.00 to $166.00 and set a “buy” rating on the stock in a report on Wednesday, December 11th. Wolfe Research reaffirmed a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Finally, TD Cowen reduced their target price on shares of Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $152.10.

Xylem Stock Performance

Shares of XYL stock opened at $119.84 on Monday. The firm has a market cap of $29.11 billion, a price-to-earnings ratio of 35.04, a PEG ratio of 1.89 and a beta of 1.06. Xylem Inc. has a 52-week low of $109.70 and a 52-week high of $146.08. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 0.19. The company’s 50 day moving average is $121.08 and its 200 day moving average is $128.77.

Xylem (NYSE:XYL) last announced its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.11. The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.17 billion. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The business’s revenue was up .2% compared to the same quarter last year. During the same period last year, the business posted $0.99 EPS. On average, sell-side analysts anticipate that Xylem Inc. will post 4.23 EPS for the current fiscal year.

Xylem Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.20%. The ex-dividend date was Tuesday, November 26th. Xylem’s payout ratio is 42.11%.

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.