TIAA Trust National Association Sells 571 Shares of Xylem Inc. (NYSE:XYL)

TIAA Trust National Association cut its holdings in Xylem Inc. (NYSE:XYL) by 20.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,229 shares of the industrial products company’s stock after selling 571 shares during the period. TIAA Trust National Association’s holdings in Xylem were worth $259,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Lee Danner & Bass Inc. bought a new position in Xylem in the 4th quarter valued at $30,000. Rialto Wealth Management LLC purchased a new position in shares of Xylem in the 4th quarter worth about $31,000. Heck Capital Advisors LLC bought a new position in Xylem during the fourth quarter valued at about $36,000. SRS Capital Advisors Inc. increased its holdings in Xylem by 69.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company’s stock worth $37,000 after buying an additional 130 shares during the last quarter. Finally, Pathway Financial Advisers LLC raised its position in Xylem by 122.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 175 shares during the period. 87.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on XYL shares. Wolfe Research reissued a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Robert W. Baird raised their target price on Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Stifel Nicolaus lowered their target price on Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Finally, Citigroup downgraded Xylem from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Xylem presently has an average rating of “Moderate Buy” and an average price target of $149.89.

Xylem Stock Performance

Shares of XYL opened at $119.42 on Friday. Xylem Inc. has a 52-week low of $113.26 and a 52-week high of $146.08. The stock’s 50-day simple moving average is $125.70 and its 200 day simple moving average is $125.91. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. The stock has a market capitalization of $29.02 billion, a price-to-earnings ratio of 32.63, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08.

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

Xylem Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were issued a $0.40 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.60 annualized dividend and a dividend yield of 1.34%. This is a boost from Xylem’s previous quarterly dividend of $0.36. Xylem’s dividend payout ratio is presently 43.72%.

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.