Woodline Partners LP Reduces Stock Holdings in Xylem Inc. (NYSE:XYL)

Woodline Partners LP cut its position in Xylem Inc. (NYSE:XYL - Free Report) by 20.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 14,590 shares of the industrial products company's stock after selling 3,767 shares during the period. Woodline Partners LP's holdings in Xylem were worth $1,693,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Lee Danner & Bass Inc. bought a new position in Xylem during the fourth quarter valued at approximately $30,000. Rialto Wealth Management LLC bought a new position in shares of Xylem during the 4th quarter valued at approximately $31,000. Heck Capital Advisors LLC purchased a new position in Xylem in the fourth quarter worth about $36,000. Pathway Financial Advisers LLC lifted its position in Xylem by 122.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company's stock worth $37,000 after buying an additional 175 shares during the last quarter. Finally, SRS Capital Advisors Inc. lifted its stake in Xylem by 69.5% in 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. Institutional investors own 87.96% of the company's stock.

Xylem Stock Up 0.2%

XYL traded up $0.29 on Thursday, hitting $125.54. The company had a trading volume of 396,913 shares, compared to its average volume of 1,408,867. The stock has a market capitalization of $30.55 billion, a price-to-earnings ratio of 34.28, a P/E/G ratio of 2.33 and a beta of 1.10. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. The stock has a fifty day moving average price of $117.90 and a 200-day moving average price of $121.55. Xylem Inc. has a 12-month low of $100.47 and a 12-month high of $143.50.

Xylem (NYSE:XYL - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the previous year, the firm earned $0.90 EPS. The company's quarterly revenue was up 1.8% compared to the same quarter last year. Analysts predict that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Investors 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 yield of 1.27%. The ex-dividend date is Thursday, May 29th. Xylem's dividend payout ratio is currently 43.01%.

Analysts Set New Price Targets

XYL has been the topic of a number of research reports. Royal Bank of Canada raised 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. Stifel Nicolaus raised their price objective on Xylem from $140.00 to $141.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Robert W. Baird lowered their target price on Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Citigroup cut their price target on Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Raymond James upgraded Xylem to a "hold" rating in a report on Thursday, May 15th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $146.88.

Xylem 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.