Tidal Investments LLC Reduces Stock Holdings in Xylem Inc. (NYSE:XYL)

Tidal Investments LLC reduced its stake in Xylem Inc. (NYSE:XYL - Free Report) by 5.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,106 shares of the industrial products company's stock after selling 2,536 shares during the quarter. Tidal Investments LLC's holdings in Xylem were worth $5,233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of XYL. Lee Danner & Bass Inc. purchased a new stake in shares of Xylem during the 4th quarter valued at $30,000. Rialto Wealth Management LLC bought a new position in Xylem in the fourth quarter valued at $31,000. Heck Capital Advisors LLC purchased a new stake in Xylem during the fourth quarter valued at about $36,000. Pathway Financial Advisers LLC raised its position in 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 in the last quarter. Finally, SRS Capital Advisors Inc. lifted its stake in Xylem by 69.5% during the fourth 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 last quarter. 87.96% of the stock is currently owned by institutional investors.

Xylem Trading Down 1.0%

Shares of Xylem stock traded down $1.25 on Friday, hitting $124.02. The stock had a trading volume of 1,282,303 shares, compared to its average volume of 1,418,319. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. Xylem Inc. has a one year low of $100.47 and a one year high of $145.09. The stock's 50-day simple moving average is $117.57 and its two-hundred day simple moving average is $121.52. The stock has a market cap of $30.18 billion, a price-to-earnings ratio of 33.89, a PEG ratio of 2.33 and a beta of 1.10.

Xylem (NYSE:XYL - Get Free Report) last announced its quarterly earnings results 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. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same quarter last year, the firm earned $0.90 EPS. The company's revenue was up 1.8% on a year-over-year basis. As a group, sell-side 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 dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a yield of 1.29%. Xylem's dividend payout ratio is presently 43.01%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on XYL shares. Robert W. Baird decreased their price objective on Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Stifel Nicolaus increased their price target 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. Citigroup lowered their price objective on shares of Xylem from $152.00 to $134.00 and set a "buy" rating for the company in a report on Monday, April 14th. Raymond James raised shares of Xylem to a "hold" rating in a research note on Thursday, May 15th. Finally, Royal Bank of Canada lifted their target price on shares of Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average 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.