Price T Rowe Associates Inc. MD Cuts Stock Holdings in Xylem Inc. (NYSE:XYL)

Price T Rowe Associates Inc. MD lowered its stake in shares of Xylem Inc. (NYSE:XYL) by 0.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 469,760 shares of the industrial products company’s stock after selling 140 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Xylem were worth $54,503,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Lee Danner & Bass Inc. purchased a new position in Xylem during the fourth quarter worth approximately $30,000. Rialto Wealth Management LLC acquired a new stake in shares of Xylem in the fourth quarter worth $31,000. Heck Capital Advisors LLC acquired a new stake in shares of Xylem in the fourth quarter worth $36,000. SRS Capital Advisors Inc. increased its position in shares of Xylem by 69.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 130 shares in the last quarter. Finally, Pathway Financial Advisers LLC increased its position in shares of Xylem by 122.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 175 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Analysts Set New Price Targets

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

Xylem Price Performance

XYL opened at $115.82 on Tuesday. The company has a fifty day simple moving average of $118.61 and a 200 day simple moving average of $122.20. The firm has a market cap of $28.18 billion, a price-to-earnings ratio of 31.64, a PEG ratio of 2.33 and a beta of 1.08. Xylem Inc. has a twelve month low of $100.47 and a twelve month high of $146.08. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19.

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, topping the consensus estimate of $1.12 by $0.06. The company had revenue of $2.30 billion during 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 firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the business earned $0.99 EPS. Equities research analysts expect that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Increases Dividend

The business also recently disclosed 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 is a positive change from Xylem’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 1.38%. The ex-dividend date was Tuesday, February 18th. Xylem’s dividend payout ratio (DPR) is currently 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.