Chicago Capital LLC Sells 280 Shares of Xylem Inc. (NYSE:XYL)

Chicago Capital LLC reduced its position in shares of Xylem Inc. (NYSE:XYL) by 1.6% during the first quarter, Holdings Channel reports. The institutional investor owned 16,828 shares of the industrial products company’s stock after selling 280 shares during the period. Chicago Capital LLC’s holdings in Xylem were worth $2,010,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Impax Asset Management Group plc increased its holdings in shares of Xylem by 231.5% during the fourth quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company’s stock valued at $644,039,000 after acquiring an additional 3,883,845 shares in the last quarter. Norges Bank acquired a new stake in Xylem in the 4th quarter valued at $302,734,000. Northern Trust Corp increased its stake in Xylem by 42.0% during the 4th quarter. Northern Trust Corp now owns 3,268,433 shares of the industrial products company’s stock valued at $379,204,000 after purchasing an additional 966,399 shares in the last quarter. AMF Tjanstepension AB bought a new stake in Xylem during the 4th quarter valued at $96,658,000. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in Xylem during the first quarter worth $89,828,000. Institutional investors own 87.96% of the company’s stock.

Xylem Stock Down 1.7%

XYL opened at $125.37 on Wednesday. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $143.50. The firm has a market capitalization of $30.51 billion, a P/E ratio of 33.70, a PEG ratio of 2.32 and a beta of 1.13. The company’s 50-day moving average is $121.31 and its 200 day moving average is $121.73. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.89 and a quick ratio of 1.41.

Xylem (NYSE:XYL) last posted its earnings results on Tuesday, April 29th. The industrial products company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.95 by $0.08. Xylem had a net margin of 10.54% and a return on equity of 10.12%. The firm had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter last year, the firm earned $0.90 EPS. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. Research analysts expect that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, May 29th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Thursday, May 29th. Xylem’s payout ratio is 43.01%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on XYL shares. JPMorgan Chase & Co. started coverage on shares of Xylem in a report on Friday, May 30th. They set an “overweight” rating and a $148.00 price objective for the company. Royal Bank Of Canada upped their target price on shares of Xylem from $143.00 to $147.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. Stifel Nicolaus lifted their price target on Xylem from $140.00 to $141.00 and gave the company a “buy” rating in a research note on Wednesday, April 30th. Robert W. Baird decreased their price objective on Xylem from $149.00 to $146.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th. Finally, Raymond James Financial raised Xylem to a “hold” rating in a research note on Thursday, May 15th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Xylem has an average rating of “Moderate Buy” and an average target price of $143.71.

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.