Crestwood Advisors Group LLC Trims Stake in Xylem Inc. (NYSE:XYL)

Crestwood Advisors Group LLC cut its position in Xylem Inc. (NYSE:XYL) by 0.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 479,423 shares of the industrial products company’s stock after selling 1,626 shares during the quarter. Xylem accounts for 1.3% of Crestwood Advisors Group LLC’s holdings, making the stock its 26th largest holding. Crestwood Advisors Group LLC owned approximately 0.20% of Xylem worth $54,827,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Panagora Asset Management Inc. grew its stake in Xylem by 21.7% during the 1st quarter. Panagora Asset Management Inc. now owns 14,297 shares of the industrial products company’s stock worth $1,219,000 after purchasing an additional 2,550 shares in the last quarter. Yousif Capital Management LLC lifted its holdings in Xylem by 1.5% during the 1st quarter. Yousif Capital Management LLC now owns 27,307 shares of the industrial products company’s stock worth $2,328,000 after buying an additional 416 shares during the last quarter. Blair William & Co. IL lifted its holdings in Xylem by 0.5% during the 1st quarter. Blair William & Co. IL now owns 66,243 shares of the industrial products company’s stock worth $5,648,000 after buying an additional 299 shares during the last quarter. Sei Investments Co. lifted its holdings in Xylem by 6.7% during the 1st quarter. Sei Investments Co. now owns 335,330 shares of the industrial products company’s stock worth $28,590,000 after buying an additional 21,165 shares during the last quarter. Finally, Prudential PLC purchased a new stake in Xylem during the 1st quarter worth about $333,000. 87.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on XYL. Robert W. Baird lifted 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. Citigroup lifted their price target on Xylem from $126.00 to $139.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Raymond James raised Xylem from an “underperform” rating to a “market perform” rating in a report on Thursday, January 4th. BNP Paribas assumed coverage on Xylem in a report on Tuesday, March 12th. They issued an “outperform” rating and a $150.00 target price for the company. Finally, Royal Bank of Canada boosted their target price on Xylem from $140.00 to $145.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Xylem presently has a consensus rating of “Moderate Buy” and an average price target of $135.44.

Xylem Stock Down 0.5 %

XYL opened at $128.11 on Friday. The business has a 50 day moving average price of $126.36 and a two-hundred day moving average price of $111.24. 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 $31.05 billion, a PE ratio of 47.10, a P/E/G ratio of 2.55 and a beta of 1.10. Xylem Inc. has a 52 week low of $87.59 and a 52 week high of $130.86.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.96 by $0.03. Xylem had a return on equity of 9.65% and a net margin of 8.27%. The firm had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the prior year, the business earned $0.92 EPS. The firm’s revenue was up 40.6% compared to the same quarter last year. As a group, research analysts anticipate that Xylem Inc. will post 4.13 EPS for the current 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 $0.36 dividend. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.12%. This is a boost from Xylem’s previous quarterly dividend of $0.33. Xylem’s dividend payout ratio is currently 52.94%.

Insider Buying and Selling

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

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.