Eagle Bay Advisors LLC Decreases Stock Position in Xylem Inc. (NYSE:XYL)

Eagle Bay Advisors LLC trimmed its position in shares of Xylem Inc. (NYSE:XYL) by 35.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 665 shares of the industrial products company’s stock after selling 364 shares during the quarter. Eagle Bay Advisors LLC’s holdings in Xylem were worth $77,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in XYL. Bangor Savings Bank grew its holdings in shares of Xylem by 56.7% during the third quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock worth $32,000 after buying an additional 85 shares in the last quarter. Mark Sheptoff Financial Planning LLC purchased a new stake in Xylem during the 2nd quarter valued at about $33,000. Assetmark Inc. raised its holdings in 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 acquiring an additional 311 shares during the last quarter. Versant Capital Management Inc lifted its stake in Xylem by 318.2% in the 4th quarter. Versant Capital Management Inc now owns 368 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 280 shares in the last quarter. Finally, Catalyst Capital Advisors LLC grew its position in shares of Xylem by 226.0% in the third quarter. Catalyst Capital Advisors LLC now owns 339 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 235 shares in the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Xylem Stock Up 1.4 %

NYSE:XYL opened at $115.64 on Tuesday. Xylem Inc. has a 52 week low of $109.39 and a 52 week high of $146.08. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 0.19. The stock’s fifty day moving average is $121.55 and its two-hundred day moving average is $129.20. The stock has a market capitalization of $28.09 billion, a price-to-earnings ratio of 33.81, a price-to-earnings-growth ratio of 2.22 and a beta of 1.06.

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

Xylem Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th were issued a dividend of $0.36 per share. The ex-dividend date was Tuesday, November 26th. This represents a $1.44 dividend on an annualized basis and a yield of 1.25%. Xylem’s dividend payout ratio (DPR) is presently 42.11%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on XYL shares. Stifel Nicolaus reduced their price objective on Xylem from $172.00 to $166.00 and set a “buy” rating on the stock in a research report on Wednesday, December 11th. Royal Bank of Canada lowered their price target on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Robert W. Baird cut their price objective on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. TD Cowen decreased their target price on shares of Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. Finally, Wolfe Research reissued a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Xylem has a consensus rating of “Moderate Buy” and a consensus target price of $152.10.

Xylem 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.