Vident Advisory LLC Cuts Stock Holdings in Xylem Inc. (NYSE:XYL)

Vident Advisory LLC decreased its position in shares of Xylem Inc. (NYSE:XYL - Free Report) by 76.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,343 shares of the industrial products company's stock after selling 10,713 shares during the quarter. Vident Advisory LLC's holdings in Xylem were worth $388,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Xylem by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 28,644,417 shares of the industrial products company's stock worth $3,323,325,000 after purchasing an additional 303,854 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Xylem by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 5,804,247 shares of the industrial products company's stock worth $671,623,000 after buying an additional 135,492 shares during the last quarter. Impax Asset Management Group plc boosted its holdings in Xylem by 231.5% in the 4th quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company's stock worth $644,039,000 after buying an additional 3,883,845 shares during the last quarter. Royal Bank of Canada boosted its holdings in Xylem by 7.9% in the 4th quarter. Royal Bank of Canada now owns 4,369,804 shares of the industrial products company's stock worth $506,985,000 after buying an additional 320,500 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Xylem by 9.8% in the 4th quarter. Invesco Ltd. now owns 4,009,907 shares of the industrial products company's stock worth $465,229,000 after buying an additional 359,276 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on XYL. Citigroup decreased their target price on shares of Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Raymond James raised Xylem to a "hold" rating in a research report on Thursday, May 15th. Stifel Nicolaus boosted their price target on shares of Xylem from $140.00 to $141.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. JPMorgan Chase & Co. initiated coverage on shares of Xylem in a research note on Friday. They set an "overweight" rating and a $148.00 target price for the company. Finally, Robert W. Baird lowered their target price on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $144.75.

Xylem Stock Performance

XYL traded up $0.29 on Friday, reaching $125.95. The company had a trading volume of 2,624,076 shares, compared to its average volume of 1,410,875. Xylem Inc. has a 1 year low of $100.47 and a 1 year high of $143.50. The stock has a market capitalization of $30.65 billion, a PE ratio of 34.41, 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 stock has a 50-day moving average price of $118.04 and a 200-day moving average price of $121.56.

Xylem (NYSE:XYL - Get Free Report) last announced its earnings results on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the prior year, the firm earned $0.90 earnings per share. The business's quarterly revenue was up 1.8% compared to the same quarter last year. As a group, research analysts forecast that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, May 29th will be paid a dividend of $0.40 per share. The ex-dividend date is Thursday, May 29th. This represents a $1.60 annualized dividend and a dividend yield of 1.27%. Xylem's dividend payout ratio (DPR) 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.