Pier 88 Investment Partners LLC Has $164,000 Stake in Xylem Inc. (NYSE:XYL)

Pier 88 Investment Partners LLC cut its position in Xylem Inc. (NYSE:XYL - Free Report) by 69.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of XYL. Valley National Advisers Inc. raised its stake in Xylem by 84.9% during the 1st quarter. Valley National Advisers Inc. now owns 220 shares of the industrial products company's stock valued at $26,000 after acquiring an additional 101 shares during the last quarter. Perkins Coie Trust Co purchased a new position in shares of Xylem in the 1st quarter worth $27,000. Lee Danner & Bass Inc. purchased a new position in Xylem in the fourth quarter valued at about $30,000. Center for Financial Planning Inc. increased its position in shares of Xylem by 52.0% during the first quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company's stock worth $32,000 after acquiring an additional 91 shares during the last quarter. Finally, Heck Capital Advisors LLC acquired a new position in Xylem in the fourth quarter worth about $36,000. 87.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on XYL shares. JPMorgan Chase & Co. assumed coverage on Xylem in a research note on Friday, May 30th. They issued an "overweight" rating and a $148.00 target price for the company. Royal Bank Of Canada boosted their price objective on Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Robert W. Baird reduced their price objective on Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Citigroup reiterated a "buy" rating and set a $152.00 price objective (up from $137.00) on shares of Xylem in a research report on Monday, July 14th. Finally, Stifel Nicolaus boosted their target price on Xylem from $141.00 to $162.00 and gave the stock a "buy" rating in a report on Monday. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $149.29.

Xylem Stock Down 0.4%

Shares of Xylem stock traded down $0.49 on Thursday, hitting $131.28. 695,846 shares of the company traded hands, compared to its average volume of 1,505,496. The company has a 50-day moving average price of $128.10 and a 200 day moving average price of $123.29. The company has a quick ratio of 1.41, a current ratio of 1.89 and a debt-to-equity ratio of 0.18. Xylem Inc. has a 12-month low of $100.47 and a 12-month high of $143.50. The company has a market cap of $31.95 billion, a PE ratio of 35.29, a PEG ratio of 2.38 and a beta of 1.12.

Xylem (NYSE:XYL - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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%. Xylem's revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.90 earnings per share. Sell-side analysts predict that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date was Thursday, May 29th. Xylem's dividend payout ratio is 43.01%.

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.