Xylem Inc. (NYSE:XYL) Shares Sold by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. decreased its holdings in shares of Xylem Inc. (NYSE:XYL) by 32.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 310,444 shares of the industrial products company’s stock after selling 146,597 shares during the quarter. Adage Capital Partners GP L.L.C. owned about 0.13% of Xylem worth $36,018,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XYL. Lee Danner & Bass Inc. acquired a new position in Xylem in the fourth quarter valued at about $30,000. Rialto Wealth Management LLC purchased a new stake in shares of Xylem in the 4th quarter valued at approximately $31,000. Heck Capital Advisors LLC acquired a new position in shares of Xylem in the 4th quarter worth approximately $36,000. SRS Capital Advisors Inc. boosted its position in shares of Xylem by 69.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 130 shares during the period. Finally, Pathway Financial Advisers LLC increased its holdings in Xylem by 122.4% in 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 during the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Citigroup lowered their price target on Xylem from $152.00 to $134.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Stifel Nicolaus lowered their target price on Xylem from $150.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, April 16th. Finally, Robert W. Baird lifted their target price on Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $147.33.

Xylem Stock Up 2.0 %

Shares of NYSE:XYL opened at $115.63 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $146.08. The stock has a market cap of $28.14 billion, a price-to-earnings ratio of 31.59, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. The firm’s 50 day moving average price is $119.18 and its 200 day moving average price is $122.65.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.06. The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.18 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The company’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the business earned $0.99 EPS. As a group, equities research analysts predict that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Increases Dividend

The firm also recently disclosed 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 of this dividend was Tuesday, February 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.38%. This is an increase 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.