Xylem Inc. (NYSE:XYL) Shares Sold by Jacobi Capital Management LLC

Jacobi Capital Management LLC cut its holdings in Xylem Inc. (NYSE:XYL) by 7.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,531 shares of the industrial products company’s stock after selling 270 shares during the period. Jacobi Capital Management LLC’s holdings in Xylem were worth $410,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Heck Capital Advisors LLC acquired a new position in shares of Xylem in the 4th quarter valued at about $36,000. Pathway Financial Advisers LLC boosted its holdings in shares of Xylem by 122.4% in the 4th 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 during the period. Assetmark Inc. boosted its stake in Xylem by 3,887.5% during the 3rd quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 311 shares during the period. Catalyst Capital Advisors LLC boosted its stake in Xylem by 226.0% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 339 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 235 shares during the period. Finally, Versant Capital Management Inc boosted its stake in Xylem by 318.2% during the 4th quarter. Versant Capital Management Inc now owns 368 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 280 shares during the period. 87.96% of the stock is owned by institutional investors and hedge funds.

Xylem Trading Up 1.7 %

Shares of NYSE:XYL opened at $130.91 on Monday. The company has a 50 day moving average of $122.87 and a 200-day moving average of $127.17. The firm has a market cap of $31.80 billion, a P/E ratio of 35.77, a P/E/G ratio of 2.33 and a beta of 1.07. Xylem Inc. has a twelve month low of $113.26 and a twelve month high of $146.08. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL) last released its 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. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the previous year, the firm earned $0.99 EPS. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th will be issued a $0.40 dividend. This is an increase from Xylem’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date is Tuesday, February 18th. Xylem’s payout ratio is presently 43.72%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Stifel Nicolaus reduced their target price on shares of Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Wolfe Research reissued a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Citigroup lowered shares of Xylem from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 5th. TD Cowen reduced their target price on shares of Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Finally, Robert W. Baird boosted their target price on shares of Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.90.

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.