Patten Group Inc. Sells 204 Shares of Xylem Inc. (NYSE:XYL)

Patten Group Inc. trimmed its position in Xylem Inc. (NYSE:XYL) by 0.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 31,022 shares of the industrial products company’s stock after selling 204 shares during the quarter. Xylem makes up about 0.8% of Patten Group Inc.’s investment portfolio, making the stock its 24th biggest holding. Patten Group Inc.’s holdings in Xylem were worth $3,599,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Nordea Investment Management AB boosted its holdings in Xylem by 24.6% in the fourth quarter. Nordea Investment Management AB now owns 26,798 shares of the industrial products company’s stock valued at $3,125,000 after acquiring an additional 5,286 shares during the last quarter. MML Investors Services LLC boosted its stake in shares of Xylem by 66.9% in the 3rd quarter. MML Investors Services LLC now owns 15,935 shares of the industrial products company’s stock valued at $2,152,000 after purchasing an additional 6,386 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of 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 worth $181,719,000 after buying an additional 5,817 shares during the period. Swedbank AB raised its stake in shares of Xylem by 23.1% during the fourth quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company’s stock worth $427,325,000 after buying an additional 691,618 shares during the last quarter. Finally, Groupama Asset Managment lifted its holdings in Xylem by 89.6% in the third quarter. Groupama Asset Managment now owns 16,340 shares of the industrial products company’s stock valued at $2,206,000 after buying an additional 7,723 shares during the period. 87.96% of the stock is owned by institutional investors and hedge funds.

Xylem Stock Down 0.9 %

Shares of XYL stock opened at $129.69 on Tuesday. The company has a market capitalization of $31.51 billion, a price-to-earnings ratio of 35.43, a P/E/G ratio of 2.33 and a beta of 1.07. Xylem Inc. has a 12-month low of $113.26 and a 12-month high of $146.08. The firm has a fifty day moving average of $123.12 and a 200-day moving average of $127.15. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the business posted $0.99 EPS. As a group, equities research analysts predict that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.60 dividend on an annualized basis and a yield of 1.23%. This is an increase from Xylem’s previous quarterly dividend of $0.36. Xylem’s dividend payout ratio is 43.72%.

Analysts Set New Price Targets

Several analysts have commented on XYL shares. Stifel Nicolaus dropped their target price on shares of Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Wolfe Research reissued a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. TD Cowen reduced their target price on Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. Robert W. Baird upped 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, Citigroup lowered shares of Xylem from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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.