Xylem Inc. (NYSE:XYL) Shares Sold by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC decreased its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 11.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 91,194 shares of the industrial products company's stock after selling 11,446 shares during the period. Silvercrest Asset Management Group LLC's holdings in Xylem were worth $10,580,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in XYL. Lee Danner & Bass Inc. bought a new stake in shares of Xylem during the 4th quarter valued at about $30,000. Rialto Wealth Management LLC bought a new position in Xylem in the fourth quarter worth about $31,000. Heck Capital Advisors LLC acquired a new position in Xylem in the fourth quarter valued at approximately $36,000. Pathway Financial Advisers LLC grew its holdings in shares of Xylem by 122.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 175 shares during the last quarter. Finally, SRS Capital Advisors Inc. raised its position in shares of Xylem by 69.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company's stock worth $37,000 after purchasing an additional 130 shares during the period. Institutional investors own 87.96% of the company's stock.

Xylem Stock Performance

Shares of NYSE XYL traded down $1.11 during midday trading on Friday, reaching $124.16. 226,347 shares of the company traded hands, compared to its average volume of 1,630,157. The stock has a 50-day moving average price of $117.51 and a 200 day moving average price of $121.51. The company has a market cap of $30.21 billion, a price-to-earnings ratio of 33.92, a PEG ratio of 2.33 and a beta of 1.10. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. Xylem Inc. has a 52 week low of $100.47 and a 52 week high of $145.09.

Xylem (NYSE:XYL - Get Free Report) last issued 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. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same period in the prior year, the business posted $0.90 EPS. The business's revenue for the quarter was up 1.8% compared to the same quarter last year. Sell-side analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, May 29th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Thursday, May 29th. Xylem's dividend payout ratio (DPR) is presently 43.01%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on XYL. Royal Bank of Canada boosted their price objective on Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Robert W. Baird reduced their price target 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. Raymond James raised shares of Xylem to a "hold" rating in a report on Thursday, May 15th. Stifel Nicolaus lifted their price objective on shares of Xylem from $140.00 to $141.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Finally, Citigroup decreased their target price on shares of Xylem from $152.00 to $134.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $146.88.

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.