Nelson Capital Management LLC Cuts Position in Xylem Inc. (NYSE:XYL)

Nelson Capital Management LLC cut its holdings in Xylem Inc. (NYSE:XYL) by 1.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,306 shares of the industrial products company’s stock after selling 307 shares during the quarter. Nelson Capital Management LLC’s holdings in Xylem were worth $2,356,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Heck Capital Advisors LLC purchased a new stake in Xylem in the 4th quarter valued at $36,000. Pathway Financial Advisers LLC increased its position in Xylem by 122.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 175 shares during the last quarter. Assetmark Inc. boosted its holdings in Xylem by 3,887.5% in the 3rd quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 311 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of Xylem by 318.2% in the 4th quarter. Versant Capital Management Inc now owns 368 shares of the industrial products company’s stock valued at $43,000 after buying an additional 280 shares during the period. Finally, Catalyst Capital Advisors LLC raised its position in shares of Xylem by 226.0% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 339 shares of the industrial products company’s stock valued at $46,000 after buying an additional 235 shares during the period. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Xylem Stock Down 0.1 %

Shares of NYSE:XYL opened at $128.13 on Wednesday. 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 company has a market cap of $31.13 billion, a price-to-earnings ratio of 35.01, a PEG ratio of 2.33 and a beta of 1.07. Xylem Inc. has a fifty-two week low of $113.26 and a fifty-two week high of $146.08. The firm’s 50-day simple moving average is $122.11 and its 200-day simple moving average is $127.19.

Xylem (NYSE:XYL) last posted its quarterly earnings results 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 the consensus estimate of $2.18 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.99 earnings per share. As a group, equities research 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 will be paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.40 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.60 dividend on an annualized basis and a yield of 1.25%. This is an increase from Xylem’s previous quarterly dividend of $0.36. Xylem’s payout ratio is currently 43.72%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on XYL shares. Royal Bank of Canada lowered their price objective on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Stifel Nicolaus dropped their target price on Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Citigroup cut shares of Xylem from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. TD Cowen dropped their price objective on shares of Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Finally, Robert W. Baird raised their price target on shares of Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Xylem presently has an average rating of “Moderate Buy” and an average target price of $149.90.

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.