Xylem Inc. (NYSE:XYL) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN cut its holdings in shares of Xylem Inc. (NYSE:XYL) by 1.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,347,637 shares of the industrial products company’s stock after selling 16,618 shares during the period. Wells Fargo & Company MN’s holdings in Xylem were worth $154,116,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Bruce G. Allen Investments LLC purchased a new stake in shares of Xylem during the fourth quarter valued at $27,000. NBC Securities Inc. purchased a new stake in shares of Xylem during the third quarter valued at $38,000. Orion Capital Management LLC purchased a new stake in shares of Xylem during the third quarter valued at $48,000. Spire Wealth Management grew its holdings in shares of Xylem by 370.9% during the fourth quarter. Spire Wealth Management now owns 485 shares of the industrial products company’s stock valued at $54,000 after buying an additional 382 shares during the last quarter. Finally, Advantage Trust Co purchased a new stake in shares of Xylem during the fourth quarter valued at $57,000. 87.96% of the stock is owned by institutional investors and hedge funds.

Xylem Stock Up 0.1 %

XYL opened at $145.95 on Wednesday. Xylem Inc. has a twelve month low of $87.59 and a twelve month high of $146.08. The company has a quick ratio of 1.22, a current ratio of 1.67 and a debt-to-equity ratio of 0.19. The company has a 50-day moving average price of $132.44 and a 200 day moving average price of $119.87. The company has a market cap of $35.39 billion, a PE ratio of 51.94, a price-to-earnings-growth ratio of 2.72 and a beta of 1.08.

Xylem (NYSE:XYL) last released its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.06. Xylem had a net margin of 8.34% and a return on equity of 8.95%. The firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2 billion. During the same quarter in the prior year, the firm earned $0.72 EPS. The company’s revenue for the quarter was up 40.4% on a year-over-year basis. Sell-side analysts expect that Xylem Inc. will post 4.24 earnings per share for the current fiscal year.

Xylem Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.44 annualized dividend and a dividend yield of 0.99%. Xylem’s dividend payout ratio (DPR) is presently 51.25%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Mizuho upped their price target on shares of Xylem from $110.00 to $135.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Robert W. Baird upped their price target on shares of Xylem from $151.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. BNP Paribas assumed coverage on shares of Xylem in a report on Tuesday, March 12th. They issued an “outperform” rating and a $150.00 price target on the stock. Oppenheimer upped their price target on shares of Xylem from $142.00 to $147.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Finally, Citigroup upped their price target on shares of Xylem from $126.00 to $139.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $140.70.

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.