Xylem Inc. (NYSE:XYL) Shares Sold by Paradigm Asset Management Co. LLC

Paradigm Asset Management Co. LLC lowered its stake in shares of Xylem Inc. (NYSE:XYL) by 69.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 671 shares of the industrial products company’s stock after selling 1,500 shares during the quarter. Paradigm Asset Management Co. LLC’s holdings in Xylem were worth $78,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allianz Asset Management GmbH raised its stake in Xylem by 25.2% during the fourth quarter. Allianz Asset Management GmbH now owns 740,075 shares of the industrial products company’s stock valued at $85,864,000 after buying an additional 148,759 shares in the last quarter. Nicholson Wealth Management Group LLC raised its position in shares of Xylem by 159.7% during the 4th quarter. Nicholson Wealth Management Group LLC now owns 12,608 shares of the industrial products company’s stock valued at $1,463,000 after acquiring an additional 7,753 shares in the last quarter. Mattern Capital Management LLC lifted its stake in Xylem by 5.4% during the fourth quarter. Mattern Capital Management LLC now owns 78,939 shares of the industrial products company’s stock worth $9,159,000 after purchasing an additional 4,041 shares during the last quarter. Handelsbanken Fonder AB boosted its holdings in Xylem by 0.4% in the fourth quarter. Handelsbanken Fonder AB now owns 732,804 shares of the industrial products company’s stock worth $85,020,000 after purchasing an additional 2,854 shares during the period. Finally, Atlas Legacy Advisors LLC bought a new stake in Xylem during the fourth quarter valued at $473,000. Institutional investors own 87.96% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Robert W. Baird raised their price target 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. Royal Bank of Canada cut their target price on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. TD Cowen lowered their target price on Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Wolfe Research reissued a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Finally, Citigroup downgraded shares of Xylem from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Xylem has a consensus rating of “Moderate Buy” and an average price target of $149.90.

Xylem Trading Down 1.9 %

NYSE:XYL opened at $127.32 on Friday. The stock has a fifty day simple moving average of $121.81 and a 200 day simple moving average of $127.19. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $30.93 billion, a price-to-earnings ratio of 34.79, a price-to-earnings-growth ratio of 2.33 and a beta of 1.07. Xylem Inc. has a 1-year low of $113.26 and a 1-year high of $146.08.

Xylem (NYSE:XYL) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.12 by $0.06. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same period last year, the company posted $0.99 earnings per share. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. Sell-side analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.26%. This is a boost from Xylem’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, February 18th. Xylem’s payout ratio is presently 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.