Neo Ivy Capital Management Sells 4,057 Shares of Xylem Inc. (NYSE:XYL)

Neo Ivy Capital Management lessened its stake in shares of Xylem Inc. (NYSE:XYL - Free Report) by 56.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,105 shares of the industrial products company's stock after selling 4,057 shares during the period. Neo Ivy Capital Management's holdings in Xylem were worth $360,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Dempze Nancy E raised its holdings in Xylem by 0.3% during the 4th quarter. Dempze Nancy E now owns 25,761 shares of the industrial products company's stock worth $2,989,000 after buying an additional 88 shares during the period. Townsquare Capital LLC raised its holdings in Xylem by 0.8% during the 4th quarter. Townsquare Capital LLC now owns 11,074 shares of the industrial products company's stock worth $1,285,000 after buying an additional 88 shares during the period. Keel Point LLC raised its holdings in Xylem by 4.1% during the 4th quarter. Keel Point LLC now owns 2,371 shares of the industrial products company's stock worth $275,000 after buying an additional 93 shares during the period. Clear Creek Financial Management LLC grew its stake in Xylem by 4.3% during the 4th quarter. Clear Creek Financial Management LLC now owns 2,315 shares of the industrial products company's stock valued at $269,000 after acquiring an additional 96 shares in the last quarter. Finally, Bleakley Financial Group LLC grew its stake in Xylem by 2.3% during the 4th quarter. Bleakley Financial Group LLC now owns 4,359 shares of the industrial products company's stock valued at $506,000 after acquiring an additional 96 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company's stock.

Xylem Stock Performance

Shares of XYL stock traded up $2.16 during trading hours on Tuesday, reaching $126.21. 1,151,145 shares of the company's stock were exchanged, compared to its average volume of 1,417,017. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $144.41. The stock has a market capitalization of $30.71 billion, a P/E ratio of 34.48, a P/E/G ratio of 2.33 and a beta of 1.10. The business has a fifty day moving average price of $117.62 and a 200-day moving average price of $121.49. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.95 by $0.08. The company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.04 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The company's quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.90 earnings per share. Analysts predict that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, May 29th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.27%. Xylem's payout ratio is 43.01%.

Analysts Set New Price Targets

Several equities analysts have weighed in on XYL shares. Robert W. Baird lowered their target price on Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Raymond James raised Xylem to a "hold" rating in a research note on Thursday, May 15th. Citigroup lowered their price target on Xylem from $152.00 to $134.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Stifel Nicolaus boosted their price target on Xylem from $140.00 to $141.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Finally, Royal Bank of Canada boosted their price target on Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Xylem has an average rating of "Moderate Buy" and a consensus target price of $146.88.

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.