Oak Thistle LLC Sells 5,878 Shares of Xylem Inc. (NYSE:XYL)

Oak Thistle LLC lowered its position in Xylem Inc. (NYSE:XYL) by 55.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,717 shares of the industrial products company’s stock after selling 5,878 shares during the quarter. Oak Thistle LLC’s holdings in Xylem were worth $547,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in XYL. Nordea Investment Management AB lifted its position in Xylem by 24.6% during 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 purchasing an additional 5,286 shares during the last quarter. MML Investors Services LLC lifted its holdings in shares of Xylem by 66.9% during the 3rd quarter. MML Investors Services LLC now owns 15,935 shares of the industrial products company’s stock worth $2,152,000 after acquiring an additional 6,386 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Xylem by 0.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,345,768 shares of the industrial products company’s stock worth $181,719,000 after acquiring an additional 5,817 shares in the last quarter. Groupama Asset Managment increased its stake 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 acquiring an additional 7,723 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in Xylem by 2.3% during the third quarter. Franklin Resources Inc. now owns 1,597,657 shares of the industrial products company’s stock worth $219,262,000 after purchasing an additional 36,102 shares during the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Xylem Stock Performance

Xylem stock opened at $119.08 on Friday. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. The firm has a market cap of $28.93 billion, a P/E ratio of 34.82, a P/E/G ratio of 1.89 and a beta of 1.06. Xylem Inc. has a 1-year low of $109.39 and a 1-year high of $146.08. The firm has a 50-day moving average of $121.26 and a 200-day moving average of $128.97.

Xylem (NYSE:XYL) last released 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. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The business had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter last year, the business posted $0.99 EPS. The business’s revenue was up .2% on a year-over-year basis. Sell-side analysts expect that Xylem Inc. will post 4.23 EPS for the current year.

Xylem Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th were given 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 payout ratio is currently 42.11%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Royal Bank of Canada reduced their price objective on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Wolfe Research reissued a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Stifel Nicolaus reduced their target price on shares of Xylem from $172.00 to $166.00 and set a “buy” rating on the stock in a report on Wednesday, December 11th. TD Cowen lowered their price target on shares of Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Finally, Citigroup reduced their price objective on Xylem from $148.00 to $147.00 and set a “buy” rating on the stock in a research note on Monday. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $152.10.

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.