Kidder Stephen W Trims Stock Position in Xylem Inc. (NYSE:XYL)

Kidder Stephen W decreased its holdings in Xylem Inc. (NYSE:XYL) by 0.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,230 shares of the industrial products company’s stock after selling 108 shares during the quarter. Xylem makes up approximately 1.7% of Kidder Stephen W’s holdings, making the stock its 24th largest holding. Kidder Stephen W’s holdings in Xylem were worth $5,712,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Public Sector Pension Investment Board boosted its holdings in shares of Xylem by 12.8% in the 3rd quarter. Public Sector Pension Investment Board now owns 10,610 shares of the industrial products company’s stock valued at $1,433,000 after purchasing an additional 1,200 shares during the last quarter. Paloma Partners Management Co purchased a new position in Xylem in the third quarter valued at approximately $202,000. Benjamin Edwards Inc. acquired a new position in Xylem during the third quarter valued at approximately $1,550,000. Hilltop Holdings Inc. grew its stake in Xylem by 66.2% during the third quarter. Hilltop Holdings Inc. now owns 8,305 shares of the industrial products company’s stock worth $1,121,000 after buying an additional 3,308 shares during the period. Finally, HighTower Advisors LLC increased its position in shares of Xylem by 2.0% in the third quarter. HighTower Advisors LLC now owns 85,930 shares of the industrial products company’s stock worth $11,601,000 after acquiring an additional 1,725 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Price Performance

NYSE XYL opened at $110.94 on Friday. The firm has a market capitalization of $26.96 billion, a PE ratio of 30.31, a P/E/G ratio of 2.33 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. Xylem Inc. has a 12 month low of $106.36 and a 12 month high of $146.08. The company’s 50 day simple moving average is $125.38 and its 200 day simple moving average is $125.54.

Xylem (NYSE:XYL) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.12 by $0.06. The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.18 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. Xylem’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.99 earnings per share. As a group, equities research analysts forecast that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were given a $0.40 dividend. This is an increase from Xylem’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend was Tuesday, February 18th. Xylem’s dividend payout ratio (DPR) is 43.72%.

Wall Street Analyst Weigh In

XYL has been the topic of several recent research reports. Wolfe Research restated a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Citigroup lowered shares of Xylem from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Robert W. Baird lifted their price target on shares of Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Finally, Stifel Nicolaus reduced their price objective on shares of Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.89.

Xylem Company 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.