Xylem Inc. (NYSE:XYL) Position Decreased by Delta Asset Management LLC TN

Delta Asset Management LLC TN reduced its holdings in Xylem Inc. (NYSE:XYL) by 14.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,930 shares of the industrial products company’s stock after selling 333 shares during the quarter. Delta Asset Management LLC TN’s holdings in Xylem were worth $224,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Lee Danner & Bass Inc. purchased a new position in Xylem in the 4th quarter worth about $30,000. Rialto Wealth Management LLC acquired a new stake in Xylem during the 4th quarter worth about $31,000. Heck Capital Advisors LLC purchased a new position in Xylem during the 4th quarter valued at about $36,000. SRS Capital Advisors Inc. lifted 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 purchasing an additional 130 shares in the last quarter. Finally, Pathway Financial Advisers LLC boosted its holdings in shares of Xylem by 122.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 175 shares during the period. 87.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

XYL has been the subject of several research reports. Citigroup lowered Xylem from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 5th. Stifel Nicolaus lowered their price objective on Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Wolfe Research reaffirmed a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Finally, Robert W. Baird lifted their target price on shares of Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $149.89.

Xylem Stock Up 0.1 %

XYL opened at $123.16 on Thursday. The company has a market capitalization of $29.93 billion, a P/E ratio of 33.65, a P/E/G ratio of 2.33 and a beta of 1.08. 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 firm’s fifty day moving average price is $125.64 and its two-hundred day moving average price is $126.00. Xylem Inc. has a fifty-two week low of $113.26 and a fifty-two week high of $146.08.

Xylem (NYSE:XYL) last issued its earnings results 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. The business had revenue of $2.30 billion for 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 was up 8.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.99 EPS. On average, analysts anticipate that Xylem Inc. will post 4.65 EPS for the current 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 paid 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 1.30%. The ex-dividend date of this dividend was Tuesday, February 18th. Xylem’s dividend payout ratio is currently 43.72%.

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.