Xylem Inc. (NYSE:XYL) Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC lessened its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 44.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,563 shares of the industrial products company's stock after selling 36,761 shares during the quarter. ProShare Advisors LLC's holdings in Xylem were worth $5,286,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. Lee Danner & Bass Inc. acquired a new position in Xylem during the fourth quarter worth $30,000. Rialto Wealth Management LLC acquired a new position in shares of Xylem during the 4th quarter worth $31,000. Heck Capital Advisors LLC purchased a new stake in shares of Xylem in the 4th quarter worth about $36,000. Pathway Financial Advisers LLC grew its stake in Xylem by 122.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 175 shares during the last quarter. Finally, SRS Capital Advisors Inc. increased its holdings in Xylem by 69.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 130 shares in the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Xylem Trading Down 0.6%

Shares of NYSE XYL traded down $0.73 during trading on Friday, hitting $124.54. 550,409 shares of the company traded hands, compared to its average volume of 1,633,380. The firm has a market capitalization of $30.31 billion, a P/E ratio of 34.03, a P/E/G ratio of 2.33 and a beta of 1.10. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. The company has a 50-day moving average price of $117.51 and a 200-day moving average price of $121.51. Xylem Inc. has a 1 year low of $100.47 and a 1 year high of $145.09.

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

Xylem Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, May 29th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $1.60 annualized dividend and a yield of 1.28%. Xylem's payout ratio is 43.01%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on XYL shares. Citigroup reduced their price target on shares of Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Raymond James raised Xylem to a "hold" rating in a research report on Thursday, May 15th. Stifel Nicolaus upped their price objective on Xylem from $140.00 to $141.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Royal Bank of Canada lifted 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. Finally, Robert W. Baird reduced their target price on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $146.88.

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.