HM Payson & Co. Sells 234 Shares of Xylem Inc. (NYSE:XYL)

HM Payson & Co. lowered its holdings in Xylem Inc. (NYSE:XYL) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,137 shares of the industrial products company’s stock after selling 234 shares during the quarter. HM Payson & Co.’s holdings in Xylem were worth $2,452,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in XYL. Impax Asset Management Group plc increased its stake in Xylem by 231.5% in the fourth quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company’s stock valued at $644,039,000 after acquiring an additional 3,883,845 shares during the period. AMF Tjanstepension AB acquired a new position in Xylem in the fourth quarter valued at about $96,658,000. Victory Capital Management Inc. boosted its position in Xylem by 42.9% in the fourth quarter. Victory Capital Management Inc. now owns 2,326,024 shares of the industrial products company’s stock valued at $269,865,000 after buying an additional 698,745 shares in the last quarter. Swedbank AB boosted its position in Xylem by 23.1% in the fourth quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company’s stock valued at $427,325,000 after buying an additional 691,618 shares in the last quarter. Finally, Erste Asset Management GmbH acquired a new position in Xylem in the third quarter valued at about $68,593,000. Institutional investors own 87.96% of the company’s stock.

Xylem Trading Up 1.4 %

XYL opened at $130.79 on Friday. 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 cap of $31.79 billion, a price-to-earnings ratio of 35.74, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. The firm has a 50 day simple moving average of $124.00 and a 200 day simple moving average of $127.06. Xylem Inc. has a fifty-two week low of $113.26 and a fifty-two week high of $146.08.

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, topping analysts’ consensus estimates of $1.12 by $0.06. The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.18 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. Xylem’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 firm posted $0.99 earnings per share. On average, sell-side analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.22%. This is an increase from Xylem’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, February 18th. Xylem’s payout ratio is 43.72%.

Analysts Set New Price Targets

XYL has been the topic of a number of recent analyst reports. Wolfe Research restated a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Citigroup lowered shares of Xylem from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Robert W. Baird boosted 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. Finally, Stifel Nicolaus reduced their price target on shares of Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $149.90.

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.