AGF Management Ltd. Sells 43,837 Shares of Xylem Inc. (NYSE:XYL)

AGF Management Ltd. trimmed its holdings in Xylem Inc. (NYSE:XYL) by 53.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,737 shares of the industrial products company’s stock after selling 43,837 shares during the quarter. AGF Management Ltd.’s holdings in Xylem were worth $4,378,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. State Street Corp lifted its position in Xylem by 1.9% in the third quarter. State Street Corp now owns 10,329,494 shares of the industrial products company’s stock worth $1,394,792,000 after purchasing an additional 189,820 shares during the period. Geode Capital Management LLC lifted its position in Xylem by 1.0% in the third quarter. Geode Capital Management LLC now owns 5,668,755 shares of the industrial products company’s stock worth $762,804,000 after purchasing an additional 54,877 shares during the period. Impax Asset Management Group plc lifted its position in Xylem by 231.5% in the fourth quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company’s stock worth $644,039,000 after purchasing an additional 3,883,845 shares during the period. Swedbank AB lifted its position in Xylem by 23.1% in the fourth quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company’s stock worth $427,325,000 after purchasing an additional 691,618 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Xylem by 1.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,449,307 shares of the industrial products company’s stock worth $465,760,000 after purchasing an additional 32,645 shares during the period. 87.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Xylem Stock Performance

Shares of NYSE:XYL opened at $122.99 on Thursday. Xylem Inc. has a twelve month low of $113.26 and a twelve month high of $146.08. The firm has a market cap of $29.89 billion, a PE ratio of 33.60, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. 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 business has a fifty day moving average of $124.53 and a 200-day moving average of $126.83.

Xylem (NYSE:XYL) last announced its earnings results 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 return on equity of 9.96% and a net margin of 10.40%. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same period last year, the company posted $0.99 earnings per share. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, equities research analysts predict that Xylem Inc. will post 4.65 EPS for the current fiscal 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 $0.40 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This is a positive change from Xylem’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.30%. Xylem’s dividend payout ratio (DPR) 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.