Price T Rowe Associates Inc. MD Reduces Stock Holdings in Xylem Inc. (NYSE:XYL)

Price T Rowe Associates Inc. MD reduced its stake in Xylem Inc. (NYSE:XYL) by 0.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 469,760 shares of the industrial products company’s stock after selling 140 shares during the period. Price T Rowe Associates Inc. MD owned 0.19% of Xylem worth $54,503,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Lee Danner & Bass Inc. purchased a new position in shares of Xylem during the fourth quarter worth approximately $30,000. Rialto Wealth Management LLC acquired a new stake in shares of Xylem during the fourth quarter worth $31,000. Heck Capital Advisors LLC acquired a new stake in shares of Xylem during the fourth quarter worth $36,000. Pathway Financial Advisers LLC lifted its holdings in shares of Xylem by 122.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 175 shares during the period. Finally, SRS Capital Advisors Inc. lifted its holdings in shares of Xylem by 69.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 130 shares during the period. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Xylem Stock Performance

Shares of XYL opened at $115.82 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. The company has a market capitalization of $28.18 billion, a price-to-earnings ratio of 31.64, a PEG ratio of 2.33 and a beta of 1.08. The company’s 50 day simple moving average is $118.61 and its 200 day simple moving average is $122.20. Xylem Inc. has a 1 year low of $100.47 and a 1 year high of $146.08.

Xylem (NYSE:XYL) last announced its quarterly earnings data 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 business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.18 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.99 earnings per share. On average, sell-side analysts predict that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th were paid 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 was Tuesday, February 18th. This represents a $1.60 annualized dividend and a dividend yield of 1.38%. Xylem’s dividend payout ratio is presently 43.72%.

Analyst Ratings Changes

Several brokerages recently weighed in on XYL. Robert W. Baird increased their price target on Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Stifel Nicolaus reduced their target price on Xylem from $150.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, April 16th. Finally, Citigroup reduced their target price on Xylem from $152.00 to $134.00 and set a “buy” rating for the company in a report on Monday, April 14th. Three equities research 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 $147.33.

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.