Los Angeles Capital Management LLC Reduces Stake in Xylem Inc. (NYSE:XYL)

Los Angeles Capital Management LLC lowered its holdings in Xylem Inc. (NYSE:XYL) by 0.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 225,689 shares of the industrial products company’s stock after selling 1,584 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Xylem were worth $26,184,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Bank of New York Mellon Corp increased its holdings in shares of Xylem by 9.3% in the 4th quarter. Bank of New York Mellon Corp now owns 1,504,165 shares of the industrial products company’s stock valued at $174,513,000 after acquiring an additional 127,750 shares during the last quarter. Impax Asset Management Group plc boosted its position in shares of Xylem by 231.5% in the 4th quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company’s stock valued at $644,039,000 after purchasing an additional 3,883,845 shares during the period. RPG Investment Advisory LLC boosted its position in shares of Xylem by 22.5% in the 4th quarter. RPG Investment Advisory LLC now owns 132,143 shares of the industrial products company’s stock valued at $15,331,000 after purchasing an additional 24,297 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in shares of Xylem in the 4th quarter valued at about $3,395,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Xylem by 94.9% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 66,539 shares of the industrial products company’s stock valued at $7,720,000 after purchasing an additional 32,400 shares during the period. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on XYL. Wolfe Research reissued a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. TD Cowen decreased their target price on Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Royal Bank of Canada decreased their target price on Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Citigroup cut Xylem from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, Robert W. Baird upped their target price on Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Xylem currently has an average rating of “Moderate Buy” and a consensus target price of $149.90.

Xylem Stock Down 0.1 %

Xylem stock opened at $128.13 on Wednesday. Xylem Inc. has a twelve month low of $113.26 and a twelve month high of $146.08. The stock has a 50 day moving average of $122.11 and a two-hundred day moving average of $127.19. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $31.13 billion, a price-to-earnings ratio of 35.01, a PEG ratio of 2.33 and a beta of 1.07.

Xylem (NYSE:XYL) last issued 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 business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.18 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.99 EPS. As a group, research analysts expect 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 will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.25%. This is an increase from Xylem’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, February 18th. Xylem’s dividend payout ratio is 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.