Xylem Inc. (NYSE:XYL) Shares Sold by Empower Advisory Group LLC

Empower Advisory Group LLC cut its position in Xylem Inc. (NYSE:XYL) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 83,145 shares of the industrial products company’s stock after selling 1,240 shares during the quarter. Empower Advisory Group LLC’s holdings in Xylem were worth $9,647,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Creative Planning increased its holdings in shares of Xylem by 9.8% in the 3rd quarter. Creative Planning now owns 28,515 shares of the industrial products company’s stock valued at $3,850,000 after acquiring an additional 2,536 shares during the period. NBC Securities Inc. grew its position in Xylem by 32.1% during the 3rd quarter. NBC Securities Inc. now owns 576 shares of the industrial products company’s stock worth $77,000 after purchasing an additional 140 shares during the last quarter. Swedbank AB increased its stake in Xylem by 22.8% in the third quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company’s stock valued at $403,953,000 after purchasing an additional 554,609 shares during the period. Bleakley Financial Group LLC raised its holdings in shares of Xylem by 3.7% in the third quarter. Bleakley Financial Group LLC now owns 4,263 shares of the industrial products company’s stock valued at $576,000 after buying an additional 152 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Xylem by 1.1% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 24,210 shares of the industrial products company’s stock worth $3,269,000 after buying an additional 254 shares during the period. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on XYL shares. Wolfe Research reaffirmed a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Citigroup downgraded Xylem from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 5th. TD Cowen dropped their price objective on shares of Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. Robert W. Baird raised their target price on shares of Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Finally, Stifel Nicolaus dropped their price target on shares of Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $149.90.

Xylem Stock Performance

XYL stock opened at $129.41 on Tuesday. The company has a 50-day simple moving average of $121.33 and a 200 day simple moving average of $127.14. The company has a market capitalization of $31.44 billion, a P/E ratio of 35.36, a PEG ratio of 2.36 and a beta of 1.07. The company has a quick ratio of 1.42, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. Xylem Inc. has a fifty-two week low of $113.26 and a fifty-two week high of $146.08.

Xylem (NYSE:XYL) last issued its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.06. The company had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the firm earned $0.99 EPS. Sell-side analysts predict that Xylem Inc. will post 4.66 earnings per share for the current fiscal year.

Xylem Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.40 per share. This is a positive change from Xylem’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.60 annualized dividend and a dividend yield of 1.24%. Xylem’s dividend payout ratio (DPR) is 39.34%.

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.