Perigon Wealth Management LLC Lowers Position in Xylem Inc. (NYSE:XYL)

Perigon Wealth Management LLC trimmed its holdings in shares of Xylem Inc. (NYSE:XYL) by 18.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,852 shares of the industrial products company’s stock after selling 424 shares during the period. Perigon Wealth Management LLC’s holdings in Xylem were worth $220,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in XYL. Swedbank AB grew its position in Xylem by 22.8% in the 3rd quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company’s stock worth $403,953,000 after purchasing an additional 554,609 shares during the period. Erste Asset Management GmbH bought a new stake in Xylem in the 3rd quarter worth approximately $68,593,000. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Xylem in the 3rd quarter worth approximately $52,169,000. Champlain Investment Partners LLC raised its holdings in Xylem by 17.8% in the 3rd quarter. Champlain Investment Partners LLC now owns 1,657,785 shares of the industrial products company’s stock worth $223,851,000 after purchasing an additional 249,975 shares during the period. Finally, State Street Corp lifted its position in Xylem by 1.9% during the third quarter. State Street Corp now owns 10,329,494 shares of the industrial products company’s stock valued at $1,394,792,000 after purchasing an additional 189,820 shares in the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Xylem Stock Down 1.1 %

Xylem stock opened at $122.68 on Tuesday. The business has a fifty day moving average of $120.56 and a two-hundred day moving average of $127.62. 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 firm has a market cap of $29.81 billion, a P/E ratio of 35.87, a P/E/G ratio of 2.11 and a beta of 1.07. Xylem Inc. has a twelve month low of $112.02 and a twelve month high of $146.08.

Xylem Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, November 26th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a $1.44 annualized dividend and a dividend yield of 1.17%. Xylem’s dividend payout ratio is presently 42.11%.

Analyst Ratings Changes

A number of analysts have recently issued reports on XYL shares. TD Cowen reduced their price objective 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. Wolfe Research restated a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Citigroup decreased their target price on Xylem from $148.00 to $147.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Robert W. Baird decreased their target price on Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, Royal Bank of Canada decreased 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. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $150.50.

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.