XXEC Inc. Decreases Stock Holdings in Xylem Inc. (NYSE:XYL)

XXEC Inc. lowered its position in Xylem Inc. (NYSE:XYL) by 15.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 22,598 shares of the industrial products company’s stock after selling 4,210 shares during the quarter. Xylem comprises approximately 2.0% of XXEC Inc.’s investment portfolio, making the stock its 21st largest holding. XXEC Inc.’s holdings in Xylem were worth $2,584,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. BlackRock Inc. boosted its stake in Xylem by 5.0% in the first quarter. BlackRock Inc. now owns 21,219,246 shares of the industrial products company’s stock valued at $2,221,655,000 after acquiring an additional 1,011,317 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Xylem by 7.6% during the 1st quarter. Vanguard Group Inc. now owns 20,390,911 shares of the industrial products company’s stock valued at $1,738,529,000 after purchasing an additional 1,435,798 shares during the last quarter. State Street Corp boosted its position in shares of Xylem by 28.3% in the 2nd quarter. State Street Corp now owns 9,868,835 shares of the industrial products company’s stock worth $1,111,428,000 after purchasing an additional 2,176,790 shares in the last quarter. Morgan Stanley increased its position in Xylem by 11.5% during the 3rd quarter. Morgan Stanley now owns 4,528,905 shares of the industrial products company’s stock valued at $412,267,000 after buying an additional 466,911 shares in the last quarter. Finally, Invesco Ltd. increased its position in Xylem by 35.1% during the 3rd quarter. Invesco Ltd. now owns 4,182,821 shares of the industrial products company’s stock valued at $380,762,000 after buying an additional 1,086,102 shares in the last quarter. Institutional investors own 87.96% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on XYL. Robert W. Baird raised their price target on Xylem from $141.00 to $148.00 and gave the stock an “outperform” rating in a report on Thursday, March 21st. Raymond James raised shares of Xylem from an “underperform” rating to a “market perform” rating in a research report on Thursday, January 4th. Stifel Nicolaus upped their price target on shares of Xylem from $136.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Royal Bank of Canada lifted their price objective on shares of Xylem from $140.00 to $145.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Finally, Citigroup upped their target price on Xylem from $122.00 to $126.00 and gave the company a “neutral” rating in a research report on Wednesday, February 7th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $134.00.

Insider Transactions at Xylem

In related news, CAO Geri-Michelle Mcshane sold 1,000 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $122.89, for a total value of $122,890.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,935 shares in the company, valued at approximately $360,682.15. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of Xylem stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $122.89, for a total value of $122,890.00. Following the completion of the transaction, the chief accounting officer now owns 2,935 shares of the company’s stock, valued at $360,682.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Franz Cerwinka sold 2,408 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $121.79, for a total value of $293,270.32. Following the completion of the transaction, the senior vice president now directly owns 11,750 shares of the company’s stock, valued at approximately $1,431,032.50. The disclosure for this sale can be found here. Corporate insiders own 0.90% of the company’s stock.

Xylem Stock Performance

Shares of Xylem stock traded up $1.02 during trading on Friday, hitting $128.27. 753,423 shares of the company’s stock were exchanged, compared to its average volume of 931,319. Xylem Inc. has a 52-week low of $87.59 and a 52-week high of $130.86. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.30 and a current ratio of 1.76. The stock has a market capitalization of $31.09 billion, a price-to-earnings ratio of 47.16, a PEG ratio of 2.55 and a beta of 1.10. The business has a 50-day simple moving average of $124.93 and a 200-day simple moving average of $109.95.

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

Xylem Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 21st were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend was Tuesday, February 20th. This is a positive change from Xylem’s previous quarterly dividend of $0.33. Xylem’s dividend payout ratio is currently 52.94%.

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.