Xylem Inc. (NYSE:XYL) Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC reduced its stake in Xylem Inc. (NYSE:XYL) by 2.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 483,930 shares of the industrial products company’s stock after selling 12,240 shares during the quarter. Gabelli Funds LLC’s holdings in Xylem were worth $56,146,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of XYL. Nordea Investment Management AB boosted its holdings in Xylem by 24.6% in the fourth quarter. Nordea Investment Management AB now owns 26,798 shares of the industrial products company’s stock valued at $3,125,000 after purchasing an additional 5,286 shares during the period. MML Investors Services LLC increased its holdings in shares of Xylem by 66.9% in the third quarter. MML Investors Services LLC now owns 15,935 shares of the industrial products company’s stock valued at $2,152,000 after purchasing an additional 6,386 shares during the period. Swedbank AB boosted its holdings in Xylem by 23.1% in the 4th quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company’s stock valued at $427,325,000 after purchasing an additional 691,618 shares in the last quarter. Benson Investment Management Company Inc. purchased a new position in shares of Xylem in the 4th quarter valued at about $5,094,000. Finally, Franklin Resources Inc. increased its position in shares of Xylem by 2.3% in the third quarter. Franklin Resources Inc. now owns 1,597,657 shares of the industrial products company’s stock valued at $219,262,000 after buying an additional 36,102 shares in the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Xylem Stock Performance

Shares of XYL stock opened at $109.81 on Tuesday. The business has a 50 day simple moving average of $122.33 and a 200 day simple moving average of $123.77. 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 has a market capitalization of $26.72 billion, a price-to-earnings ratio of 30.00, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. Xylem Inc. has a 12-month low of $100.47 and a 12-month high of $146.08.

Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.06. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the firm earned $0.99 EPS. On average, equities research analysts anticipate that Xylem Inc. will post 4.65 EPS 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 paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This is a positive change from Xylem’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 1.46%. Xylem’s dividend payout ratio is currently 43.72%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Robert W. Baird lifted their price target on shares of Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Citigroup cut their price target on Xylem from $152.00 to $134.00 and set a “buy” rating on the stock in a research note on Monday. Finally, Stifel Nicolaus reduced their price target on shares of Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $148.44.

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.