Twin Capital Management Inc. Cuts Position in Xylem Inc. (NYSE:XYL)

Twin Capital Management Inc. lowered its position in shares of Xylem Inc. (NYSE:XYL) by 31.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 8,209 shares of the industrial products company’s stock after selling 3,831 shares during the quarter. Twin Capital Management Inc.’s holdings in Xylem were worth $939,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Patten Group Inc. grew its holdings in shares of Xylem by 0.3% during the 4th quarter. Patten Group Inc. now owns 31,112 shares of the industrial products company’s stock worth $3,558,000 after purchasing an additional 99 shares during the period. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Xylem by 4.6% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 2,238 shares of the industrial products company’s stock worth $256,000 after purchasing an additional 99 shares during the period. Evergreen Capital Management LLC grew its holdings in shares of Xylem by 1.9% during the 4th quarter. Evergreen Capital Management LLC now owns 5,319 shares of the industrial products company’s stock worth $588,000 after purchasing an additional 100 shares during the period. Harbour Investments Inc. grew its holdings in shares of Xylem by 1.1% during the 1st quarter. Harbour Investments Inc. now owns 9,017 shares of the industrial products company’s stock worth $944,000 after purchasing an additional 101 shares during the period. Finally, Boston Trust Walden Corp grew its holdings in shares of Xylem by 3.2% during the 4th quarter. Boston Trust Walden Corp now owns 3,418 shares of the industrial products company’s stock worth $391,000 after purchasing an additional 107 shares during the period. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Stifel Nicolaus upped their price target on Xylem from $136.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Robert W. Baird upped their price target on Xylem from $141.00 to $148.00 and gave the stock an “outperform” rating in a report on Thursday, March 21st. Royal Bank of Canada upped their price target on Xylem from $140.00 to $145.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. BNP Paribas started coverage on Xylem in a report on Tuesday, March 12th. They issued an “outperform” rating and a $150.00 price target for the company. Finally, Oppenheimer boosted their price target on Xylem from $133.00 to $142.00 and gave the stock an “outperform” rating in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $138.11.

Insider Buying and Selling at Xylem

In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $122.89, for a total transaction of $122,890.00. Following the sale, the chief accounting officer now owns 2,935 shares in the company, valued at $360,682.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CAO Geri-Michelle Mcshane sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $122.89, for a total transaction of $122,890.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,935 shares of the company’s stock, valued at $360,682.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Franz Cerwinka sold 2,408 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $121.79, for a total value of $293,270.32. Following the transaction, the senior vice president now directly owns 11,750 shares of the company’s stock, valued at $1,431,032.50. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by insiders.

Xylem Trading Up 0.7 %

NYSE:XYL opened at $127.16 on Friday. The business’s 50-day simple moving average is $126.94 and its 200 day simple moving average is $112.11. Xylem Inc. has a one year low of $87.59 and a one year high of $130.86. The stock has a market cap of $30.82 billion, a price-to-earnings ratio of 46.75, a price-to-earnings-growth ratio of 2.52 and a beta of 1.10. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.30 and a current ratio of 1.76.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.03. Xylem had a return on equity of 9.65% and a net margin of 8.27%. The firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter in the prior year, the firm posted $0.92 earnings per share. Xylem’s revenue for the quarter was up 40.6% compared to the same quarter last year. As a group, sell-side analysts predict that Xylem Inc. will post 4.13 earnings per share for the current fiscal year.

Xylem Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 21st were paid a dividend of $0.36 per share. The ex-dividend date was Tuesday, February 20th. This represents a $1.44 annualized dividend and a yield of 1.13%. This is a boost from Xylem’s previous quarterly dividend of $0.33. Xylem’s dividend payout ratio is presently 52.94%.

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.