AGF Management Ltd. Sells 43,837 Shares of Xylem Inc. (NYSE:XYL)

AGF Management Ltd. decreased its position in Xylem Inc. (NYSE:XYL) by 53.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 37,737 shares of the industrial products company’s stock after selling 43,837 shares during the quarter. AGF Management Ltd.’s holdings in Xylem were worth $4,378,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in XYL. Rialto Wealth Management LLC bought a new position in Xylem in the fourth quarter valued at about $31,000. Heck Capital Advisors LLC bought a new position in Xylem in the fourth quarter valued at about $36,000. Pathway Financial Advisers LLC boosted its holdings in Xylem by 122.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 175 shares during the last quarter. SRS Capital Advisors Inc. boosted its holdings in Xylem by 69.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company’s stock worth $37,000 after buying an additional 130 shares during the last quarter. Finally, Assetmark Inc. boosted its holdings in Xylem by 3,887.5% during the third quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock worth $43,000 after buying an additional 311 shares during the last quarter. Institutional investors own 87.96% of the company’s stock.

Analyst Upgrades and Downgrades

XYL has been the topic of a number of recent analyst reports. Citigroup cut Xylem from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 5th. Wolfe Research restated a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Robert W. Baird raised their target price on Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Finally, Stifel Nicolaus reduced their target price on Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $149.89.

Xylem Trading Down 0.5 %

NYSE:XYL opened at $122.99 on Thursday. Xylem Inc. has a fifty-two week low of $113.26 and a fifty-two week high of $146.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. The stock has a market capitalization of $29.89 billion, a PE ratio of 33.60, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. The business’s 50-day simple moving average is $124.53 and its 200-day simple moving average is $126.83.

Xylem (NYSE:XYL) last released its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, beating 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 business had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.18 billion. During the same quarter in the previous year, the business posted $0.99 EPS. Xylem’s revenue for the quarter was up 8.6% on a year-over-year basis. Sell-side analysts expect that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date is Tuesday, February 18th. This is a positive change from Xylem’s previous quarterly dividend of $0.36. Xylem’s dividend payout ratio (DPR) is currently 43.72%.

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.