Jefferies Financial Group Inc. Has $1 Million Holdings in Xylem Inc. (NYSE:XYL)

Jefferies Financial Group Inc. reduced its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 66.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,633 shares of the industrial products company's stock after selling 16,907 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Xylem were worth $1,002,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Lee Danner & Bass Inc. bought a new position in Xylem in the 4th quarter valued at about $30,000. Rialto Wealth Management LLC bought a new position in shares of Xylem in the fourth quarter valued at approximately $31,000. Heck Capital Advisors LLC acquired a new position in shares of Xylem during the fourth quarter valued at approximately $36,000. SRS Capital Advisors Inc. raised its holdings 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 in the last quarter. Finally, 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 purchasing an additional 175 shares during the period. Institutional investors own 87.96% of the company's stock.

Analyst Ratings Changes

XYL has been the topic of several research analyst reports. Raymond James upgraded Xylem to a "hold" rating in a research report on Thursday. Royal Bank of Canada lifted their target price on Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Robert W. Baird reduced 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. Stifel Nicolaus increased their price target on Xylem from $140.00 to $141.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Finally, Citigroup reduced their price objective on shares of Xylem from $152.00 to $134.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $146.88.

Xylem Stock Down 0.0%

Shares of XYL traded down $0.06 during midday trading on Monday, reaching $127.97. 786,660 shares of the stock were exchanged, compared to its average volume of 1,415,457. The firm has a 50 day simple moving average of $117.18 and a 200-day simple moving average of $121.35. Xylem Inc. has a 12-month low of $100.47 and a 12-month high of $146.08. The company has a market cap of $31.14 billion, a price-to-earnings ratio of 34.96, 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.

Xylem (NYSE:XYL - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $1.03 EPS 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 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. Xylem's quarterly revenue was up 1.8% on a year-over-year basis. Research analysts forecast that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Dividend Announcement

The business also recently declared 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 1.25%. Xylem's dividend payout ratio (DPR) is presently 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.