Xylem Inc. (NYSE:XYL) Stake Lowered by Parsons Capital Management Inc. RI

Parsons Capital Management Inc. RI cut its stake in Xylem Inc. (NYSE:XYL) by 1.0% during the fourth quarter, HoldingsChannel reports. The fund owned 16,014 shares of the industrial products company’s stock after selling 155 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in Xylem were worth $1,858,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. increased its position in Xylem by 46.4% in the 4th quarter. Pacer Advisors Inc. now owns 26,387 shares of the industrial products company’s stock worth $3,061,000 after purchasing an additional 8,366 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of Xylem in the 4th quarter valued at approximately $3,395,000. Capital Asset Advisory Services LLC increased its holdings in Xylem by 32.0% in the fourth quarter. Capital Asset Advisory Services LLC now owns 2,646 shares of the industrial products company’s stock worth $310,000 after buying an additional 641 shares during the last quarter. Blue Trust Inc. raised its position in Xylem by 29.4% during the fourth quarter. Blue Trust Inc. now owns 1,294 shares of the industrial products company’s stock valued at $150,000 after acquiring an additional 294 shares in the last quarter. Finally, PFG Investments LLC lifted its stake in Xylem by 6.0% in the fourth quarter. PFG Investments LLC now owns 10,502 shares of the industrial products company’s stock valued at $1,218,000 after acquiring an additional 593 shares during the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Xylem Stock Up 0.5 %

XYL opened at $122.16 on Tuesday. Xylem Inc. has a 1-year low of $111.88 and a 1-year high of $146.08. The business has a 50 day moving average of $120.87 and a 200-day moving average of $128.21. The stock has a market capitalization of $29.68 billion, a price-to-earnings ratio of 35.72, a P/E/G ratio of 2.05 and a beta of 1.06. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19.

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

Xylem Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, November 26th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a $1.44 annualized dividend and a yield of 1.18%. Xylem’s dividend payout ratio is 42.11%.

Analysts Set New Price Targets

Several research analysts have recently commented on XYL shares. Stifel Nicolaus dropped their price target on shares of Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday. Wolfe Research reissued a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Robert W. Baird reduced their price target on Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. 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 report on Friday, November 1st. Finally, Citigroup cut their price objective on Xylem from $148.00 to $147.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Xylem currently has an average rating of “Moderate Buy” and an average price target of $150.50.

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.