Voloridge Investment Management LLC Sells 57,171 Shares of Xylem Inc. (NYSE:XYL)

Voloridge Investment Management LLC lowered its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 63.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 32,872 shares of the industrial products company's stock after selling 57,171 shares during the period. Voloridge Investment Management LLC's holdings in Xylem were worth $3,814,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Wesleyan Assurance Society bought a new position in Xylem during the fourth quarter worth about $363,000. Triglav Skladi D.O.O. bought a new position in Xylem during the fourth quarter worth about $773,000. Texas Bank & Trust Co bought a new position in Xylem during the fourth quarter worth about $307,000. Toronto Dominion Bank grew its holdings in Xylem by 6.4% during the fourth quarter. Toronto Dominion Bank now owns 129,998 shares of the industrial products company's stock worth $15,082,000 after purchasing an additional 7,869 shares during the period. Finally, Siemens Fonds Invest GmbH grew its holdings in Xylem by 201.4% during the fourth quarter. Siemens Fonds Invest GmbH now owns 7,644 shares of the industrial products company's stock worth $979,000 after purchasing an additional 5,108 shares during the period. Institutional investors own 87.96% of the company's stock.

Xylem Stock Up 0.2%

Shares of NYSE XYL traded up $0.29 during trading on Friday, hitting $125.95. 2,624,076 shares of the company traded hands, compared to its average volume of 1,410,875. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $143.50. The firm has a market capitalization of $30.65 billion, a price-to-earnings ratio of 34.41, a P/E/G ratio of 2.33 and a beta of 1.10. The business's fifty day moving average is $118.04 and its 200 day moving average is $121.56.

Xylem (NYSE:XYL - Get Free Report) last posted its 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 for the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the prior year, the business posted $0.90 EPS. The firm's revenue was up 1.8% compared to the same quarter last year. Equities research analysts predict that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Thursday, May 29th. Xylem's payout ratio is 43.01%.

Analysts Set New Price Targets

XYL has been the subject of a number of research analyst reports. Robert W. Baird reduced their price target on Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. JPMorgan Chase & Co. began coverage on Xylem in a report on Friday. They set an "overweight" rating and a $148.00 price target for the company. Stifel Nicolaus raised their price objective on shares of Xylem from $140.00 to $141.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Royal Bank of Canada raised their price objective 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. Finally, Raymond James upgraded shares of Xylem to a "hold" rating in a research report on Thursday, May 15th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $144.75.

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.