Nicola Wealth Management LTD. Sells 1,000 Shares of Xylem Inc. (NYSE:XYL)

Nicola Wealth Management LTD. trimmed its stake in Xylem Inc. (NYSE:XYL) by 4.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,000 shares of the industrial products company’s stock after selling 1,000 shares during the period. Nicola Wealth Management LTD.’s holdings in Xylem were worth $2,320,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of XYL. Swedbank AB grew its position 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 acquiring an additional 554,609 shares during the period. Farther Finance Advisors LLC grew its position in Xylem by 6.6% in the third 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. Janney Montgomery Scott LLC grew its position in Xylem by 1.9% in the third quarter. Janney Montgomery Scott LLC now owns 38,427 shares of the industrial products company’s stock valued at $5,189,000 after acquiring an additional 713 shares during the period. Van ECK Associates Corp grew its position in Xylem by 7.3% in the third quarter. Van ECK Associates Corp now owns 6,700 shares of the industrial products company’s stock valued at $883,000 after acquiring an additional 458 shares during the period. Finally, Angeles Wealth Management LLC grew its position in Xylem by 3.6% in the third quarter. Angeles Wealth Management LLC now owns 2,462 shares of the industrial products company’s stock valued at $332,000 after acquiring an additional 86 shares during the period. 87.96% of the stock is currently owned by institutional investors.

Xylem Trading Down 0.9 %

Shares of XYL opened at $129.69 on Tuesday. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 12-month low of $113.26 and a 12-month high of $146.08. The firm has a market capitalization of $31.51 billion, a PE ratio of 35.43, a price-to-earnings-growth ratio of 2.33 and a beta of 1.07. The stock’s fifty day simple moving average is $123.12 and its 200-day simple moving average is $127.15.

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. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the prior year, the firm posted $0.99 earnings per share. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, research analysts predict that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.40 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.60 dividend on an annualized basis and a yield of 1.23%. This is a boost from Xylem’s previous quarterly dividend of $0.36. Xylem’s payout ratio is currently 43.72%.

Analysts Set New Price Targets

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

About Xylem

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.