Notis McConarty Edward Reduces Stake in Xylem Inc. (NYSE:XYL)

Notis McConarty Edward cut its holdings in shares of Xylem Inc. (NYSE:XYL) by 3.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 29,847 shares of the industrial products company’s stock after selling 1,041 shares during the quarter. Xylem comprises 1.7% of Notis McConarty Edward’s portfolio, making the stock its 23rd largest holding. Notis McConarty Edward’s holdings in Xylem were worth $3,463,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in XYL. Public Sector Pension Investment Board lifted its position in shares of Xylem by 12.8% in the 3rd quarter. Public Sector Pension Investment Board now owns 10,610 shares of the industrial products company’s stock worth $1,433,000 after purchasing an additional 1,200 shares during the period. Paloma Partners Management Co purchased a new stake in Xylem in the third quarter worth about $202,000. Benjamin Edwards Inc. purchased a new stake in Xylem in the third quarter worth about $1,550,000. HighTower Advisors LLC grew its holdings in shares of Xylem by 2.0% during the 3rd quarter. HighTower Advisors LLC now owns 85,930 shares of the industrial products company’s stock worth $11,601,000 after acquiring an additional 1,725 shares during the period. Finally, Investment Management Corp of Ontario raised its position in shares of Xylem by 47.8% in the 3rd quarter. Investment Management Corp of Ontario now owns 8,037 shares of the industrial products company’s stock worth $1,085,000 after acquiring an additional 2,600 shares in the last quarter. Institutional investors own 87.96% of the company’s stock.

Xylem Price Performance

Shares of NYSE:XYL opened at $104.46 on Friday. 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 firm has a market cap of $25.39 billion, a price-to-earnings ratio of 28.54, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. The business has a 50-day simple moving average of $125.04 and a two-hundred day simple moving average of $125.35. Xylem Inc. has a fifty-two week low of $104.24 and a fifty-two week high of $146.08.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share 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 for the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the prior year, the firm earned $0.99 earnings per share. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, analysts expect that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th were issued a $0.40 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.60 annualized dividend and a dividend yield of 1.53%. This is a positive change from Xylem’s previous quarterly dividend of $0.36. Xylem’s payout ratio is presently 43.72%.

Analysts Set New Price Targets

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

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.