Pier 88 Investment Partners LLC Sells 3,135 Shares of Xylem Inc. (NYSE:XYL)

Pier 88 Investment Partners LLC lowered its position in shares of Xylem Inc. (NYSE:XYL - Free Report) by 69.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,375 shares of the industrial products company's stock after selling 3,135 shares during the quarter. Pier 88 Investment Partners LLC's holdings in Xylem were worth $164,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Dynamic Advisor Solutions LLC acquired a new position in Xylem in the 1st quarter valued at approximately $694,000. Triodos Investment Management BV increased its stake in Xylem by 12.7% in the 4th quarter. Triodos Investment Management BV now owns 234,000 shares of the industrial products company's stock valued at $27,149,000 after buying an additional 26,300 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Xylem by 30.4% during the 1st quarter. Farther Finance Advisors LLC now owns 1,797 shares of the industrial products company's stock worth $215,000 after purchasing an additional 419 shares during the last quarter. Allianz SE acquired a new position in shares of Xylem during the 4th quarter worth $1,910,000. Finally, NBC Securities Inc. acquired a new position in shares of Xylem during the 1st quarter worth $72,000. Institutional investors and hedge funds own 87.96% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on XYL. Raymond James Financial raised shares of Xylem to a "hold" rating in a report on Thursday, May 15th. Royal Bank Of Canada upped their price objective on shares of Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Citigroup reaffirmed a "buy" rating and set a $152.00 price objective (up from $137.00) on shares of Xylem in a report on Monday, July 14th. JPMorgan Chase & Co. began coverage on shares of Xylem in a report on Friday, May 30th. They set an "overweight" rating and a $148.00 price objective for the company. Finally, Robert W. Baird decreased their price objective on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $149.29.

Xylem Price Performance

Shares of Xylem stock traded up $0.79 during mid-day trading on Wednesday, reaching $131.84. 616,442 shares of the stock were exchanged, compared to its average volume of 1,411,499. The company has a market cap of $32.08 billion, a price-to-earnings ratio of 35.44, a price-to-earnings-growth ratio of 2.40 and a beta of 1.12. The company has a current ratio of 1.89, a quick ratio of 1.41 and a debt-to-equity ratio of 0.18. The firm has a 50-day simple moving average of $128.10 and a 200 day simple moving average of $123.29. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $143.50.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.08. The firm had revenue of $2.07 billion during the quarter, compared to analysts' expectations of $2.04 billion. Xylem had a net margin of 10.54% and a return on equity of 10.12%. The company's quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.90 EPS. On average, sell-side analysts predict that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, May 29th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Thursday, May 29th. Xylem's dividend payout ratio (DPR) is presently 43.01%.

Xylem Company 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.