Cidel Asset Management Inc. Has $204,000 Stock Holdings in Xylem Inc. (NYSE:XYL)

Cidel Asset Management Inc. lessened its stake in shares of Xylem Inc. (NYSE:XYL) by 5.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,760 shares of the industrial products company’s stock after selling 106 shares during the period. Cidel Asset Management Inc.’s holdings in Xylem were worth $204,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of XYL. First Trust Direct Indexing L.P. increased its position in Xylem by 0.9% during the third quarter. First Trust Direct Indexing L.P. now owns 9,070 shares of the industrial products company’s stock worth $1,225,000 after buying an additional 78 shares during the last quarter. Angeles Wealth Management LLC increased its holdings in shares of Xylem by 3.6% during the 3rd quarter. Angeles Wealth Management LLC now owns 2,462 shares of the industrial products company’s stock worth $332,000 after acquiring an additional 86 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Xylem by 6.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,412 shares of the industrial products company’s stock valued at $191,000 after acquiring an additional 87 shares during the period. Clear Creek Financial Management LLC lifted its holdings in Xylem by 4.3% during the 4th quarter. Clear Creek Financial Management LLC now owns 2,315 shares of the industrial products company’s stock valued at $269,000 after purchasing an additional 96 shares during the last quarter. Finally, Bleakley Financial Group LLC lifted its holdings in Xylem by 2.3% during the 4th quarter. Bleakley Financial Group LLC now owns 4,359 shares of the industrial products company’s stock valued at $506,000 after purchasing an additional 96 shares during the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Xylem Price Performance

Shares of XYL stock opened at $131.11 on Monday. The business has a fifty day simple moving average of $120.95 and a 200 day simple moving average of $127.39. The company has a market cap of $31.85 billion, a P/E ratio of 35.82, a P/E/G ratio of 2.36 and a beta of 1.07. The company has a quick ratio of 1.42, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. Xylem Inc. has a twelve month low of $113.26 and a twelve month high of $146.08.

Xylem (NYSE:XYL) last posted its quarterly earnings results 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 company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.18 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the company posted $0.99 EPS. On average, sell-side analysts forecast that Xylem Inc. will post 4.66 EPS for the current fiscal year.

Xylem Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.60 dividend on an annualized basis and a yield of 1.22%. This is a positive change from Xylem’s previous quarterly dividend of $0.36. Xylem’s payout ratio is currently 43.72%.

Analyst Upgrades and Downgrades

XYL has been the subject of a number of research reports. Wolfe Research restated a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Citigroup cut Xylem from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 5th. TD Cowen lowered their target price on Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. Robert W. Baird boosted their price target on Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Finally, Royal Bank of Canada decreased their price objective on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Xylem presently has a consensus rating of “Moderate Buy” and an average price target of $149.90.

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.