Xylem Inc. (NYSE:XYL) Shares Sold by Pier 88 Investment Partners LLC

Pier 88 Investment Partners LLC reduced its holdings in shares of Xylem Inc. (NYSE:XYL) by 33.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,510 shares of the industrial products company’s stock after selling 2,240 shares during the quarter. Pier 88 Investment Partners LLC’s holdings in Xylem were worth $523,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Lee Danner & Bass Inc. purchased a new stake in shares of Xylem during the fourth quarter worth about $30,000. Rialto Wealth Management LLC acquired a new stake in Xylem in the 4th quarter worth approximately $31,000. Heck Capital Advisors LLC purchased a new stake in Xylem during the 4th quarter worth approximately $36,000. Pathway Financial Advisers LLC increased its stake in Xylem by 122.4% during 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. raised its holdings in shares of Xylem by 69.5% in 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. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Xylem Trading Down 2.1 %

Xylem stock opened at $119.42 on Monday. The firm has a market cap of $29.02 billion, a PE ratio of 32.63, a P/E/G ratio of 2.33 and a beta of 1.08. Xylem Inc. has a 12 month low of $113.26 and a 12 month high of $146.08. The stock’s 50 day simple moving average is $125.70 and its two-hundred day simple moving average is $125.85. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19.

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. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the prior year, the firm posted $0.99 earnings per share. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. Analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

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

Analyst Ratings Changes

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

Xylem 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.