Sherbrooke Park Advisers LLC Sells 6,307 Shares of Xylem Inc. (NYSE:XYL)

Sherbrooke Park Advisers LLC trimmed its stake in Xylem Inc. (NYSE:XYL - Free Report) by 68.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,853 shares of the industrial products company's stock after selling 6,307 shares during the quarter. Sherbrooke Park Advisers LLC's holdings in Xylem were worth $331,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of XYL. Park Avenue Securities LLC raised its holdings in Xylem by 10.4% during the 4th quarter. Park Avenue Securities LLC now owns 2,833 shares of the industrial products company's stock worth $329,000 after buying an additional 268 shares during the period. Hennion & Walsh Asset Management Inc. increased its position in shares of Xylem by 32.7% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 4,536 shares of the industrial products company's stock worth $526,000 after acquiring an additional 1,117 shares in the last quarter. Tallon Kerry Patrick acquired a new stake in shares of Xylem during the fourth quarter valued at approximately $260,000. Merit Financial Group LLC raised its holdings in shares of Xylem by 60.4% during the fourth quarter. Merit Financial Group LLC now owns 2,395 shares of the industrial products company's stock valued at $278,000 after acquiring an additional 902 shares during the period. Finally, Smith Salley Wealth Management lifted its position in shares of Xylem by 0.3% in the 4th quarter. Smith Salley Wealth Management now owns 80,880 shares of the industrial products company's stock valued at $9,384,000 after acquiring an additional 241 shares in the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on XYL. Citigroup lowered their price objective on shares of Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Raymond James raised Xylem to a "hold" rating in a research report on Thursday, May 15th. Royal Bank of Canada upped their price target on Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Stifel Nicolaus increased their price objective on Xylem from $140.00 to $141.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Finally, 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. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $146.88.

Xylem Stock Down 0.7%

XYL traded down $0.88 during trading on Friday, reaching $124.39. 584,895 shares of the stock traded hands, compared to its average volume of 1,413,453. The stock has a market cap of $30.27 billion, a price-to-earnings ratio of 34.01, a price-to-earnings-growth ratio of 2.33 and a beta of 1.10. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $145.89. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. The stock's 50-day simple moving average is $117.51 and its two-hundred day simple moving average is $121.51.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share 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 the consensus estimate of $2.04 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The business's quarterly revenue was up 1.8% on a year-over-year basis. During the same period last year, the business earned $0.90 EPS. As a group, equities research analysts expect that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.29%. The ex-dividend date is Thursday, May 29th. Xylem's dividend payout ratio is 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.