Asset Advisors Investment Management LLC Has $2.09 Million Stake in Xylem Inc. (NYSE:XYL)

Asset Advisors Investment Management LLC lowered its position in Xylem Inc. (NYSE:XYL) by 2.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 18,040 shares of the industrial products company’s stock after selling 415 shares during the period. Asset Advisors Investment Management LLC’s holdings in Xylem were worth $2,093,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Trust Direct Indexing L.P. increased its stake in shares of Xylem by 0.9% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 9,070 shares of the industrial products company’s stock worth $1,225,000 after purchasing an additional 78 shares during the last quarter. Angeles Wealth Management LLC boosted its holdings in Xylem by 3.6% in the third quarter. Angeles Wealth Management LLC now owns 2,462 shares of the industrial products company’s stock worth $332,000 after purchasing an additional 86 shares in the last quarter. Farther Finance Advisors LLC increased its position in Xylem by 6.6% during the third quarter. Farther Finance Advisors LLC now owns 1,412 shares of the industrial products company’s stock worth $191,000 after buying an additional 87 shares during the last quarter. Clear Creek Financial Management LLC raised its holdings in Xylem by 4.3% during the fourth quarter. Clear Creek Financial Management LLC now owns 2,315 shares of the industrial products company’s stock valued at $269,000 after buying an additional 96 shares in the last quarter. Finally, Bleakley Financial Group LLC lifted its position in shares of Xylem by 2.3% in the fourth quarter. Bleakley Financial Group LLC now owns 4,359 shares of the industrial products company’s stock worth $506,000 after buying an additional 96 shares during the last quarter. Institutional investors own 87.96% of the company’s stock.

Xylem Price Performance

Shares of Xylem stock opened at $127.32 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. The company has a market cap of $30.93 billion, a PE ratio of 34.79, a price-to-earnings-growth ratio of 2.33 and a beta of 1.07. The firm has a fifty day moving average price of $121.81 and a two-hundred day moving average price of $127.19. Xylem Inc. has a fifty-two week low of $113.26 and a fifty-two week high of $146.08.

Xylem (NYSE:XYL) last released its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, beating 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 business had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same quarter last year, the company earned $0.99 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis. Analysts expect that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The firm 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 represents a $1.60 dividend on an annualized basis and a dividend yield of 1.26%. This is an increase from Xylem’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, February 18th. Xylem’s dividend payout ratio (DPR) is presently 43.72%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on XYL shares. Robert W. Baird increased their price objective on Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Royal Bank of Canada decreased their target price on Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. TD Cowen dropped their price target on shares of Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. Wolfe Research reaffirmed a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Finally, Stifel Nicolaus dropped their target price on shares of Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Xylem presently has an average rating of “Moderate Buy” and a consensus target price of $149.90.

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.