Quilter Plc Has $23.90 Million Stock Holdings in Xylem Inc. (NYSE:XYL)

Quilter Plc decreased its stake in Xylem Inc. (NYSE:XYL) by 4.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 206,003 shares of the industrial products company’s stock after selling 9,220 shares during the period. Quilter Plc’s holdings in Xylem were worth $23,900,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Trust Direct Indexing L.P. lifted its position in Xylem by 0.9% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 9,070 shares of the industrial products company’s stock worth $1,225,000 after buying an additional 78 shares in the last quarter. Angeles Wealth Management LLC increased its stake in shares of Xylem by 3.6% in the 3rd quarter. Angeles Wealth Management LLC now owns 2,462 shares of the industrial products company’s stock valued at $332,000 after acquiring an additional 86 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Xylem by 6.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,412 shares of the industrial products company’s stock worth $191,000 after purchasing an additional 87 shares in the last quarter. Clear Creek Financial Management LLC increased its stake in Xylem by 4.3% during 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 in the last quarter. Finally, Bleakley Financial Group LLC boosted its position in Xylem by 2.3% during the 4th quarter. Bleakley Financial Group LLC now owns 4,359 shares of the industrial products company’s stock worth $506,000 after acquiring an additional 96 shares during the last quarter. 87.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

XYL has been the subject of several recent analyst reports. TD Cowen cut their price objective on Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Royal Bank of Canada lowered their price objective on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Wolfe Research restated a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Robert W. Baird lifted their price target on Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Finally, Stifel Nicolaus cut their price target on Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Xylem currently has an average rating of “Moderate Buy” and a consensus target price of $149.90.

Xylem Trading Down 0.2 %

Shares of XYL stock opened at $131.11 on Monday. The stock has a market capitalization of $31.85 billion, a PE ratio of 35.82, a P/E/G ratio of 2.36 and a beta of 1.07. Xylem Inc. has a 1-year low of $113.26 and a 1-year high of $146.08. The business has a 50-day moving average of $120.95 and a 200 day moving average of $127.39. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.42.

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 the consensus estimate of $1.12 by $0.06. The business had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.18 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The business’s revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the business posted $0.99 EPS. As a group, sell-side analysts anticipate that Xylem Inc. will post 4.66 earnings per share for the current year.

Xylem Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th will be issued a $0.40 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $1.60 annualized dividend and a dividend yield of 1.22%. This is a positive change from Xylem’s previous quarterly dividend of $0.36. Xylem’s payout ratio is presently 39.34%.

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.