Everpar Advisors LLC Sells 126 Shares of Xylem Inc. (NYSE:XYL)

Everpar Advisors LLC trimmed its stake in Xylem Inc. (NYSE:XYL) by 4.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,984 shares of the industrial products company’s stock after selling 126 shares during the quarter. Everpar Advisors LLC’s holdings in Xylem were worth $346,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. City Holding Co. grew its holdings in Xylem by 3.8% during the third quarter. City Holding Co. now owns 2,071 shares of the industrial products company’s stock valued at $280,000 after purchasing an additional 75 shares during the period. First Trust Direct Indexing L.P. lifted its position in shares of Xylem by 0.9% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 9,070 shares of the industrial products company’s stock valued at $1,225,000 after buying an additional 78 shares during the last quarter. Bangor Savings Bank grew its stake in shares of Xylem by 56.7% during the 3rd quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 85 shares during the period. Angeles Wealth Management LLC increased its holdings in Xylem by 3.6% in the 3rd quarter. Angeles Wealth Management LLC now owns 2,462 shares of the industrial products company’s stock worth $332,000 after acquiring an additional 86 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in Xylem by 6.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,412 shares of the industrial products company’s stock valued at $191,000 after acquiring an additional 87 shares during the period. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on XYL. Citigroup cut their target price on shares of Xylem from $148.00 to $147.00 and set a “buy” rating for the company in a research report on Monday. Wolfe Research reiterated a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Royal Bank of Canada dropped their target price on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. TD Cowen cut their price target on Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Finally, Robert W. Baird decreased their price objective on Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Three 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, the company presently has an average rating of “Moderate Buy” and an average price target of $152.10.

Xylem Stock Performance

XYL stock opened at $119.08 on Friday. Xylem Inc. has a 12-month low of $109.39 and a 12-month high of $146.08. The stock’s 50 day simple moving average is $121.17 and its 200 day simple moving average is $128.90. The stock has a market capitalization of $28.93 billion, a PE ratio of 34.82, a price-to-earnings-growth ratio of 1.89 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 issued its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, hitting the consensus estimate of $1.11. The firm had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.99 EPS. As a group, research analysts forecast that Xylem Inc. will post 4.23 earnings per share for the current fiscal year.

Xylem Announces Dividend

The business also recently disclosed 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. This represents a $1.44 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Tuesday, November 26th. Xylem’s dividend payout ratio (DPR) is currently 42.11%.

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.