AIA Group Ltd Sells 2,135 Shares of Xylem Inc. (NYSE:XYL)

AIA Group Ltd lessened its stake in Xylem Inc. (NYSE:XYL) by 46.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,505 shares of the industrial products company’s stock after selling 2,135 shares during the period. AIA Group Ltd’s holdings in Xylem were worth $286,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bruce G. Allen Investments LLC bought a new stake in shares of Xylem during the 4th quarter valued at about $27,000. NBC Securities Inc. bought a new position in Xylem in the third quarter worth approximately $38,000. KB Financial Partners LLC bought a new position in Xylem in the first quarter worth approximately $42,000. Coppell Advisory Solutions LLC bought a new position in Xylem in the second quarter worth approximately $45,000. Finally, Orion Capital Management LLC bought a new position in Xylem in the third quarter worth approximately $48,000. Institutional investors own 87.96% of the company’s stock.

Xylem Stock Performance

Shares of XYL opened at $127.84 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.30 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $30.99 billion, a price-to-earnings ratio of 47.00, a PEG ratio of 2.53 and a beta of 1.10. The stock has a 50 day moving average of $127.01 and a 200 day moving average of $112.36. Xylem Inc. has a 12 month low of $87.59 and a 12 month high of $130.86.

Xylem (NYSE:XYL) last issued its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.03. The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.05 billion. Xylem had a return on equity of 9.65% and a net margin of 8.27%. Xylem’s revenue was up 40.6% on a year-over-year basis. During the same period last year, the business posted $0.92 earnings per share. As a group, sell-side analysts forecast that Xylem Inc. will post 4.13 earnings per share for the current year.

Xylem Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 21st were issued a $0.36 dividend. This is a positive change from Xylem’s previous quarterly dividend of $0.33. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date was Tuesday, February 20th. Xylem’s dividend payout ratio (DPR) is presently 52.94%.

Insider Activity at Xylem

In other Xylem news, SVP Franz Cerwinka sold 2,408 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $121.79, for a total transaction of $293,270.32. Following the sale, the senior vice president now owns 11,750 shares in the company, valued at $1,431,032.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Franz Cerwinka sold 2,408 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $121.79, for a total transaction of $293,270.32. Following the transaction, the senior vice president now owns 11,750 shares in the company, valued at approximately $1,431,032.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Geri-Michelle Mcshane sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $122.89, for a total value of $122,890.00. Following the transaction, the chief accounting officer now owns 2,935 shares in the company, valued at approximately $360,682.15. The disclosure for this sale can be found here. 0.27% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on XYL. Raymond James upgraded Xylem from an “underperform” rating to a “market perform” rating in a report on Thursday, January 4th. Royal Bank of Canada increased their price target on Xylem from $140.00 to $145.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Citigroup increased their price target on Xylem from $126.00 to $139.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. BNP Paribas began coverage on Xylem in a report on Tuesday, March 12th. They issued an “outperform” rating and a $150.00 price target on the stock. Finally, Robert W. Baird increased their price target on Xylem from $141.00 to $148.00 and gave the stock an “outperform” rating in a report on Thursday, March 21st. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Xylem presently has an average rating of “Moderate Buy” and an average target price of $138.11.

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.