Signaturefd LLC Reduces Position in Xylem Inc. (NYSE:XYL)

Signaturefd LLC lessened its holdings in shares of Xylem Inc. (NYSE:XYL) by 2.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,311 shares of the industrial products company’s stock after selling 110 shares during the quarter. Signaturefd LLC’s holdings in Xylem were worth $493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Patten Group Inc. lifted its stake in shares of Xylem by 0.3% during the 4th quarter. Patten Group Inc. now owns 31,112 shares of the industrial products company’s stock valued at $3,558,000 after buying an additional 99 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Xylem by 4.6% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 2,238 shares of the industrial products company’s stock valued at $256,000 after buying an additional 99 shares in the last quarter. Boston Trust Walden Corp lifted its stake in shares of Xylem by 3.2% during the 4th quarter. Boston Trust Walden Corp now owns 3,418 shares of the industrial products company’s stock valued at $391,000 after buying an additional 107 shares in the last quarter. Chesley Taft & Associates LLC lifted its stake in shares of Xylem by 0.7% during the 4th quarter. Chesley Taft & Associates LLC now owns 15,275 shares of the industrial products company’s stock valued at $1,747,000 after buying an additional 111 shares in the last quarter. Finally, Garrison Asset Management LLC lifted its stake in shares of Xylem by 0.5% during the 3rd quarter. Garrison Asset Management LLC now owns 21,248 shares of the industrial products company’s stock valued at $1,934,000 after buying an additional 116 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on XYL. BNP Paribas began coverage on shares of Xylem in a research note on Tuesday, March 12th. They set an “outperform” rating and a $150.00 target price on the stock. Citigroup lifted their price target on shares of Xylem from $126.00 to $139.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Raymond James upgraded shares of Xylem from an “underperform” rating to a “market perform” rating in a report on Thursday, January 4th. Stifel Nicolaus lifted their price target on shares of Xylem from $136.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Finally, Robert W. Baird lifted their price target on shares of Xylem from $141.00 to $148.00 and gave the company an “outperform” rating in a report on Thursday, March 21st. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Xylem presently has an average rating of “Moderate Buy” and a consensus target price of $138.11.

Xylem Stock Performance

Xylem stock opened at $130.67 on Thursday. The company’s 50-day moving average price is $127.30 and its 200-day moving average price is $113.22. Xylem Inc. has a twelve month low of $87.59 and a twelve month high of $132.23. The company has a quick ratio of 1.30, a current ratio of 1.76 and a debt-to-equity ratio of 0.22. The company has a market cap of $31.67 billion, a PE ratio of 48.04, a price-to-earnings-growth ratio of 2.60 and a beta of 1.10.

Xylem (NYSE:XYL) last posted its earnings results on Tuesday, February 6th. The industrial products company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03. Xylem had a net margin of 8.27% and a return on equity of 9.65%. The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the previous year, the firm posted $0.92 EPS. The business’s quarterly revenue was up 40.6% on a year-over-year basis. On average, equities research analysts forecast that Xylem Inc. will post 4.13 EPS for the current fiscal year.

Xylem Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 21st were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.10%. This is an increase from Xylem’s previous quarterly dividend of $0.33. The ex-dividend date was Tuesday, February 20th. Xylem’s dividend payout ratio is presently 52.94%.

Insider Activity at Xylem

In related news, SVP Franz Cerwinka sold 2,408 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $121.79, for a total transaction of $293,270.32. Following the transaction, the senior vice president now directly owns 11,750 shares in the company, valued at approximately $1,431,032.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Franz Cerwinka sold 2,408 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $121.79, for a total transaction of $293,270.32. Following the transaction, the senior vice president now directly owns 11,750 shares in the company, valued at approximately $1,431,032.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Geri-Michelle Mcshane sold 1,000 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $122.89, for a total transaction of $122,890.00. Following the transaction, the chief accounting officer now owns 2,935 shares in the company, valued at $360,682.15. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by insiders.

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.