Tidal Investments LLC Lowers Holdings in Xylem Inc. (NYSE:XYL)

Tidal Investments LLC reduced its position in Xylem Inc. (NYSE:XYL) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,106 shares of the industrial products company’s stock after selling 2,536 shares during the period. Tidal Investments LLC’s holdings in Xylem were worth $5,233,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Lee Danner & Bass Inc. acquired a new position in shares of Xylem in the 4th quarter valued at about $30,000. Rialto Wealth Management LLC acquired a new position in shares of Xylem in the 4th quarter valued at about $31,000. Heck Capital Advisors LLC acquired a new position in shares of Xylem in the 4th quarter valued at about $36,000. Pathway Financial Advisers LLC lifted its stake in shares of Xylem by 122.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 175 shares in the last quarter. Finally, SRS Capital Advisors Inc. lifted its stake in shares of Xylem by 69.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 130 shares in the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

XYL has been the topic of several research analyst reports. Robert W. Baird reduced their price objective on Xylem from $149.00 to $146.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. Royal Bank of Canada lifted their price objective on Xylem from $143.00 to $147.00 and gave the company an “outperform” rating in a research note on Wednesday, April 30th. Raymond James raised Xylem to a “hold” rating in a research report on Thursday, May 15th. Stifel Nicolaus boosted their price target on Xylem from $140.00 to $141.00 and gave the stock a “buy” rating in a research report on Wednesday, April 30th. Finally, Citigroup reduced their price target on Xylem from $152.00 to $134.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $146.88.

Xylem Stock Performance

Xylem stock opened at $126.94 on Wednesday. The stock’s 50 day moving average price is $117.41 and its 200 day moving average price is $121.45. The firm has a market capitalization of $30.89 billion, a PE ratio of 34.68, a price-to-earnings-growth ratio of 2.33 and a beta of 1.10. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. Xylem Inc. has a one year low of $100.47 and a one year high of $146.08.

Xylem (NYSE:XYL) last announced its earnings results on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.08. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same period in the prior year, the company posted $0.90 EPS. Xylem’s quarterly revenue was up 1.8% on a year-over-year basis. As a group, sell-side analysts expect that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Thursday, May 29th. Xylem’s payout ratio is 43.01%.

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.