Xylem Inc. (NYSE:XYL) Shares Sold by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. decreased its holdings in Xylem Inc. (NYSE:XYL) by 7.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,932 shares of the industrial products company’s stock after selling 236 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Xylem were worth $340,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in XYL. Swedbank AB grew its position in Xylem by 23.1% in the fourth quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company’s stock worth $427,325,000 after buying an additional 691,618 shares during the last quarter. Erste Asset Management GmbH acquired a new position in Xylem in the 3rd quarter worth approximately $68,593,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Xylem in the 3rd quarter worth approximately $52,169,000. Champlain Investment Partners LLC boosted its stake 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 boosted its stake in Xylem by 1.9% in the 3rd quarter. State Street Corp now owns 10,329,494 shares of the industrial products company’s stock worth $1,394,792,000 after purchasing an additional 189,820 shares during the period. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Stock Performance

Shares of XYL opened at $129.83 on Thursday. The company has a market capitalization of $31.54 billion, a PE ratio of 35.47, a price-to-earnings-growth ratio of 2.36 and a beta of 1.07. Xylem Inc. has a one year low of $113.26 and a one year high of $146.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.42. The company’s fifty day moving average price is $121.17 and its 200 day moving average price is $127.31.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.06. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the previous year, the firm posted $0.99 EPS. The business’s revenue was up 8.6% compared to the same quarter last year. As a group, analysts expect that Xylem Inc. will post 4.66 earnings per share for the current year.

Xylem Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.40 per share. This is an increase 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 1.23%. Xylem’s payout ratio is presently 39.34%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on XYL. Royal Bank of Canada decreased their price objective on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Citigroup lowered shares of Xylem from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 5th. TD Cowen decreased their target price 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. Robert W. Baird lifted their target price on shares of Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Finally, Stifel Nicolaus decreased their target price on shares of Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $149.90.

Xylem 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.