Marietta Investment Partners LLC Sells 175 Shares of Xylem Inc. (NYSE:XYL)

Marietta Investment Partners LLC cut its position in shares of Xylem Inc. (NYSE:XYL) by 2.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,449 shares of the industrial products company’s stock after selling 175 shares during the quarter. Marietta Investment Partners LLC’s holdings in Xylem were worth $748,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. Sei Investments Co. lifted its holdings in shares of Xylem by 5.8% during the fourth quarter. Sei Investments Co. now owns 1,158,533 shares of the industrial products company’s stock valued at $134,413,000 after purchasing an additional 63,409 shares in the last quarter. Mizuho Securities USA LLC grew its position in shares of Xylem by 46.2% during the fourth quarter. Mizuho Securities USA LLC now owns 23,026 shares of the industrial products company’s stock worth $2,671,000 after purchasing an additional 7,276 shares in the last quarter. Millstone Evans Group LLC bought a new position in Xylem during the fourth quarter valued at approximately $73,000. Lee Danner & Bass Inc. bought a new position in Xylem during the fourth quarter valued at approximately $30,000. Finally, Semanteon Capital Management LP bought a new stake in shares of Xylem in the 4th quarter valued at approximately $1,446,000. 87.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on XYL. Wolfe Research restated a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Stifel Nicolaus dropped their target price on Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Robert W. Baird lifted their price target on Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Finally, Citigroup cut Xylem from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $149.89.

Xylem Price Performance

Shares of XYL opened at $118.27 on Friday. Xylem Inc. has a fifty-two week low of $113.26 and a fifty-two week high of $146.08. The company has a market capitalization of $28.75 billion, a price-to-earnings ratio of 32.31, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. The firm has a 50-day simple moving average of $125.24 and a 200-day simple moving average of $126.15. 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 (NYSE:XYL) last posted its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.06. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same period last year, the firm earned $0.99 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities research analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This is a boost from Xylem’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 1.35%. Xylem’s payout ratio is currently 43.72%.

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.