Jump Financial LLC Has $353,000 Stake in Xylem Inc. (NYSE:XYL)

Jump Financial LLC cut its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 67.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,040 shares of the industrial products company's stock after selling 6,396 shares during the period. Jump Financial LLC's holdings in Xylem were worth $353,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Lee Danner & Bass Inc. acquired a new stake in shares of Xylem during the fourth quarter worth $30,000. Rialto Wealth Management LLC acquired a new position in shares of Xylem during the 4th quarter worth about $31,000. Heck Capital Advisors LLC bought a new position in Xylem in the fourth quarter valued at approximately $36,000. Pathway Financial Advisers LLC increased its holdings in Xylem by 122.4% during 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. increased its position 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 buying an additional 130 shares during the last quarter. 87.96% of the stock is owned by institutional investors.

Xylem Trading Up 0.5 %

XYL traded up $0.65 during trading on Thursday, reaching $121.22. 356,470 shares of the company's stock were exchanged, compared to its average volume of 1,416,096. The firm has a fifty day moving average price of $118.25 and a two-hundred day moving average price of $122.16. The stock has a market capitalization of $29.50 billion, a PE ratio of 33.16, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. Xylem Inc. has a one year low of $100.47 and a one year high of $146.08. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.08. The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.04 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. Xylem's quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.90 earnings per share. As a group, equities research analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend was Tuesday, February 18th. This is an increase from Xylem's previous quarterly dividend of $0.36. Xylem's dividend payout ratio is currently 43.72%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on XYL. Stifel Nicolaus lifted their target price on Xylem from $140.00 to $141.00 and gave the stock a "buy" rating in a report on Wednesday. Royal Bank of Canada boosted their target price on shares of Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a research report on Wednesday. Robert W. Baird reduced their price target on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a research report on Wednesday. Finally, Citigroup reduced their target price on Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Xylem currently has an average rating of "Moderate Buy" and an average price target of $145.56.

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.