OneDigital Investment Advisors LLC Decreases Stock Holdings in Xylem Inc. (NYSE:XYL)

OneDigital Investment Advisors LLC decreased its position in Xylem Inc. (NYSE:XYL) by 10.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,521 shares of the industrial products company’s stock after selling 289 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Xylem were worth $293,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Nordea Investment Management AB boosted its position in shares of Xylem by 24.6% during the fourth quarter. Nordea Investment Management AB now owns 26,798 shares of the industrial products company’s stock valued at $3,125,000 after purchasing an additional 5,286 shares in the last quarter. Swedbank AB boosted its position in shares of Xylem by 23.1% during the fourth quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company’s stock valued at $427,325,000 after purchasing an additional 691,618 shares in the last quarter. Benson Investment Management Company Inc. bought a new stake in shares of Xylem during the fourth quarter valued at approximately $5,094,000. Franklin Resources Inc. raised its stake in Xylem by 2.3% during the third quarter. Franklin Resources Inc. now owns 1,597,657 shares of the industrial products company’s stock valued at $219,262,000 after buying an additional 36,102 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in Xylem by 31.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 575 shares of the industrial products company’s stock valued at $67,000 after buying an additional 139 shares during the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Xylem Stock Performance

Shares of XYL opened at $115.82 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. Xylem Inc. has a one year low of $100.47 and a one year high of $146.08. The firm has a market capitalization of $28.18 billion, a P/E ratio of 31.64, a PEG ratio of 2.33 and a beta of 1.08. The business has a fifty day moving average of $118.61 and a 200 day moving average of $122.20.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.12 by $0.06. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the previous year, the company posted $0.99 earnings per share. Xylem’s revenue was up 8.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Tuesday, February 18th. This is a positive change from Xylem’s previous quarterly dividend of $0.36. Xylem’s payout ratio is currently 43.72%.

Analysts Set New Price Targets

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

About Xylem

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.