MassMutual Private Wealth & Trust FSB Reduces Holdings in Xylem Inc. (NYSE:XYL)

MassMutual Private Wealth & Trust FSB cut its position in Xylem Inc. (NYSE:XYL) by 11.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 75,780 shares of the industrial products company’s stock after selling 9,698 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Xylem were worth $8,792,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. City Holding Co. boosted its position in Xylem by 6.0% in the 4th quarter. City Holding Co. now owns 2,196 shares of the industrial products company’s stock valued at $255,000 after buying an additional 125 shares during the last quarter. Renaissance Investment Group LLC raised its stake in shares of Xylem by 1.6% in the 4th quarter. Renaissance Investment Group LLC now owns 79,414 shares of the industrial products company’s stock valued at $9,214,000 after purchasing an additional 1,231 shares in the last quarter. Smith Salley Wealth Management lifted its position in shares of Xylem by 0.3% during the fourth quarter. Smith Salley Wealth Management now owns 80,880 shares of the industrial products company’s stock worth $9,384,000 after purchasing an additional 241 shares during the last quarter. Merit Financial Group LLC grew its stake in Xylem by 60.4% in the fourth quarter. Merit Financial Group LLC now owns 2,395 shares of the industrial products company’s stock worth $278,000 after purchasing an additional 902 shares in the last quarter. Finally, Avanza Fonder AB bought a new stake in Xylem in the fourth quarter valued at about $2,633,000. 87.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on XYL. Citigroup decreased their target price on Xylem from $148.00 to $147.00 and set a “buy” rating for the company in a research report on Monday, January 13th. TD Cowen decreased their price objective on shares of Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Wolfe Research reiterated a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Robert W. Baird cut their price objective on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, Stifel Nicolaus decreased their price objective on Xylem from $172.00 to $166.00 and set a “buy” rating for the company in a report on Wednesday, December 11th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $152.10.

Xylem Stock Performance

Shares of NYSE XYL opened at $119.84 on Monday. Xylem Inc. has a 52 week low of $109.70 and a 52 week high of $146.08. The firm has a market cap of $29.11 billion, a price-to-earnings ratio of 35.04, a P/E/G ratio of 1.89 and a beta of 1.06. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.96. The business’s 50-day simple moving average is $121.08 and its 200-day simple moving average is $128.77.

Xylem (NYSE:XYL) last announced its earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.11. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the previous year, the firm posted $0.99 earnings per share. Xylem’s revenue was up .2% compared to the same quarter last year. As a group, equities research analysts expect that Xylem Inc. will post 4.23 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th were given a $0.36 dividend. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.20%. Xylem’s dividend payout ratio is currently 42.11%.

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.