Thrivent Financial for Lutherans Cuts Stock Position in Xylem Inc. (NYSE:XYL)

Thrivent Financial for Lutherans decreased its holdings in Xylem Inc. (NYSE:XYL) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 69,688 shares of the industrial products company’s stock after selling 1,410 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Xylem were worth $8,085,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rialto Wealth Management LLC purchased a new position in shares of Xylem in the 4th quarter valued at about $31,000. Heck Capital Advisors LLC acquired a new position in Xylem during the fourth quarter worth about $36,000. Pathway Financial Advisers LLC increased its holdings in Xylem by 122.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock valued at $37,000 after buying an additional 175 shares in the last quarter. SRS Capital Advisors Inc. lifted its position in shares of Xylem by 69.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 130 shares during the period. Finally, Flagship Wealth Advisors LLC purchased a new stake in shares of Xylem during the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Price Performance

Xylem stock opened at $118.27 on Monday. The stock has a market capitalization of $28.75 billion, a P/E ratio of 32.31, a P/E/G ratio of 2.33 and a beta of 1.08. Xylem Inc. has a 12-month low of $113.26 and a 12-month high of $146.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. The firm’s 50-day moving average is $125.24 and its two-hundred day moving average is $126.10.

Xylem (NYSE:XYL) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.06. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.18 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. Xylem’s revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.99 earnings per share. Equities analysts predict that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, February 18th. This is an increase from Xylem’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 1.35%. Xylem’s dividend payout ratio is 43.72%.

Wall Street Analysts Forecast Growth

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

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.