BOK Financial Private Wealth Inc. Sells 806 Shares of Xylem Inc. (NYSE:XYL)

BOK Financial Private Wealth Inc. trimmed its holdings in shares of Xylem Inc. (NYSE:XYL) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,889 shares of the industrial products company’s stock after selling 806 shares during the period. BOK Financial Private Wealth Inc.’s holdings in Xylem were worth $3,004,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rialto Wealth Management LLC bought a new position in Xylem during the 4th quarter worth about $31,000. Heck Capital Advisors LLC bought a new position in Xylem during the 4th quarter worth about $36,000. SRS Capital Advisors Inc. grew its holdings in Xylem by 69.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 130 shares in the last quarter. Pathway Financial Advisers LLC boosted its holdings in shares of Xylem by 122.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock valued at $37,000 after buying an additional 175 shares in the last quarter. Finally, Assetmark Inc. boosted its holdings in shares of 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 buying an additional 311 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors.

Xylem Stock Up 1.4 %

XYL stock opened at $130.79 on Friday. Xylem Inc. has a 52 week low of $113.26 and a 52 week high of $146.08. 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 stock has a market capitalization of $31.79 billion, a PE 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 moving average of $124.00 and a 200 day moving average of $127.06.

Xylem (NYSE:XYL) last posted its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.06. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same period last year, the firm posted $0.99 EPS. Xylem’s revenue for the quarter was up 8.6% compared to the same quarter last year. Sell-side analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.40 per share. 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. The ex-dividend date is Tuesday, February 18th. Xylem’s payout ratio is 43.72%.

Analyst Ratings Changes

A number of research firms have recently weighed in on XYL. 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 report on Wednesday, February 5th. Stifel Nicolaus lowered their price target on shares of Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Citigroup cut shares of Xylem from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 5th. Finally, Wolfe Research restated a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Xylem has an average rating of “Moderate Buy” and a consensus 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.