SG Americas Securities LLC Decreases Holdings in Xylem Inc. (NYSE:XYL)

SG Americas Securities LLC lowered its position in Xylem Inc. (NYSE:XYL) by 53.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,266 shares of the industrial products company’s stock after selling 9,449 shares during the period. SG Americas Securities LLC’s holdings in Xylem were worth $959,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bangor Savings Bank boosted its position in shares of Xylem by 56.7% in the 3rd quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock worth $32,000 after buying an additional 85 shares in the last quarter. Assetmark Inc. raised its position in Xylem by 3,887.5% during the third quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 311 shares during the last quarter. Catalyst Capital Advisors LLC lifted its holdings in shares of Xylem by 226.0% in the third quarter. Catalyst Capital Advisors LLC now owns 339 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 235 shares in the last quarter. Versant Capital Management Inc increased its stake in shares of Xylem by 318.2% during the 4th quarter. Versant Capital Management Inc now owns 368 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 280 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of Xylem during the 3rd quarter worth approximately $55,000. 87.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

XYL has been the subject of several recent research reports. TD Cowen dropped their price target on Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Wolfe Research reissued a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Robert W. Baird decreased their price target on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Stifel Nicolaus lowered their price target on shares of Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a report on Friday, January 24th. Finally, Royal Bank of Canada reduced their price objective on shares of Xylem from $163.00 to $162.00 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $150.50.

Xylem Stock Performance

Shares of XYL stock opened at $121.45 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.96. The firm has a market capitalization of $29.51 billion, a price-to-earnings ratio of 35.51, a price-to-earnings-growth ratio of 2.05 and a beta of 1.06. Xylem Inc. has a one year low of $111.88 and a one year high of $146.08. The company has a 50 day moving average price of $120.85 and a 200 day moving average price of $128.09.

Xylem (NYSE:XYL) last released its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 EPS for the quarter, hitting analysts’ consensus estimates 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 the consensus estimate of $2.17 billion. During the same period in the prior year, the firm posted $0.99 EPS. The business’s revenue for the quarter was up .2% on a year-over-year basis. Sell-side analysts anticipate that Xylem Inc. will post 4.23 EPS for the current year.

Xylem Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, November 26th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend was Tuesday, November 26th. Xylem’s dividend payout ratio is currently 42.11%.

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.