Xylem Inc. (NYSE:XYL) Shares Sold by Trust Co. of Vermont

Trust Co. of Vermont decreased its holdings in shares of Xylem Inc. (NYSE:XYL) by 9.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,993 shares of the industrial products company’s stock after selling 596 shares during the period. Trust Co. of Vermont’s holdings in Xylem were worth $695,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of XYL. Merit Financial Group LLC lifted its holdings 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 valued at $278,000 after acquiring an additional 902 shares during the period. Avanza Fonder AB purchased a new position in shares of Xylem in the 4th quarter valued at about $2,633,000. Retireful LLC acquired a new stake in shares of Xylem in the fourth quarter valued at about $680,000. Tallon Kerry Patrick purchased a new stake in Xylem during the fourth quarter worth about $260,000. Finally, Hennion & Walsh Asset Management Inc. grew its position in Xylem by 32.7% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 4,536 shares of the industrial products company’s stock worth $526,000 after buying an additional 1,117 shares during the period. 87.96% of the stock is owned by institutional investors and hedge funds.

Xylem Stock Performance

NYSE:XYL opened at $119.84 on Friday. Xylem Inc. has a 1-year low of $109.70 and a 1-year high of $146.08. The firm has a 50 day simple moving average of $121.08 and a 200-day simple moving average of $128.80. The firm has a market cap of $29.11 billion, a PE 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 current ratio of 1.96 and a quick ratio of 1.42.

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

Xylem Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Investors 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 annualized dividend and a dividend yield of 1.20%. Xylem’s dividend payout ratio is presently 42.11%.

Analyst Upgrades and Downgrades

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

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.