Ritholtz Wealth Management Lowers Stock Position in Xylem Inc. (NYSE:XYL)

Ritholtz Wealth Management lessened its stake in Xylem Inc. (NYSE:XYL) by 5.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,665 shares of the industrial products company’s stock after selling 517 shares during the period. Ritholtz Wealth Management’s holdings in Xylem were worth $1,005,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in XYL. Nordea Investment Management AB boosted its stake in Xylem by 24.6% in the fourth quarter. Nordea Investment Management AB now owns 26,798 shares of the industrial products company’s stock worth $3,125,000 after buying an additional 5,286 shares in the last quarter. MML Investors Services LLC lifted its holdings in shares of Xylem by 66.9% in the 3rd quarter. MML Investors Services LLC now owns 15,935 shares of the industrial products company’s stock worth $2,152,000 after acquiring an additional 6,386 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Xylem by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,345,768 shares of the industrial products company’s stock valued at $181,719,000 after purchasing an additional 5,817 shares in the last quarter. Groupama Asset Managment grew its holdings in shares of Xylem by 89.6% during the 3rd quarter. Groupama Asset Managment now owns 16,340 shares of the industrial products company’s stock valued at $2,206,000 after purchasing an additional 7,723 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in Xylem by 2.3% in the 3rd quarter. Franklin Resources Inc. now owns 1,597,657 shares of the industrial products company’s stock worth $219,262,000 after purchasing an additional 36,102 shares during the period. Institutional investors own 87.96% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on XYL. Royal Bank of Canada lowered their target price on Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. TD Cowen dropped their price objective on Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Stifel Nicolaus decreased their target price on shares of Xylem from $172.00 to $166.00 and set a “buy” rating on the stock in a research note on Wednesday, December 11th. Robert W. Baird dropped their price target on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Finally, Citigroup lowered their price objective on shares of Xylem from $148.00 to $147.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $152.10.

Xylem Stock Performance

Shares of XYL opened at $119.84 on Monday. The company has a 50-day simple moving average of $121.08 and a two-hundred day simple moving average of $128.77. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.96 and a quick ratio of 1.42. The firm has a market capitalization of $29.11 billion, a PE ratio of 35.04, a price-to-earnings-growth ratio of 1.89 and a beta of 1.06. Xylem Inc. has a one year low of $109.70 and a one year high of $146.08.

Xylem (NYSE:XYL) last released its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, meeting the consensus estimate of $1.11. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.17 billion. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The firm’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the company posted $0.99 earnings per share. On average, analysts anticipate that Xylem Inc. will post 4.23 EPS for the current fiscal year.

Xylem Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, November 26th were given a $0.36 dividend. The ex-dividend date 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.