Harbour Investments Inc. Sells 114 Shares of Xylem Inc. (NYSE:XYL)

Harbour Investments Inc. cut its position in shares of Xylem Inc. (NYSE:XYL) by 1.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,873 shares of the industrial products company’s stock after selling 114 shares during the quarter. Harbour Investments Inc.’s holdings in Xylem were worth $1,029,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Swedbank AB boosted its holdings in Xylem by 22.8% in the third quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company’s stock worth $403,953,000 after acquiring an additional 554,609 shares in the last quarter. Assetmark Inc. boosted its holdings in Xylem by 3,887.5% in the third quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 311 shares in the last quarter. Apollon Wealth Management LLC boosted its holdings in Xylem by 7.0% in the third quarter. Apollon Wealth Management LLC now owns 1,878 shares of the industrial products company’s stock worth $254,000 after acquiring an additional 123 shares in the last quarter. Empowered Funds LLC boosted its holdings in Xylem by 4.0% in the third quarter. Empowered Funds LLC now owns 4,875 shares of the industrial products company’s stock worth $658,000 after acquiring an additional 188 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in Xylem by 38.6% in the third quarter. Thrivent Financial for Lutherans now owns 71,098 shares of the industrial products company’s stock worth $9,600,000 after acquiring an additional 19,816 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Xylem Stock Performance

Shares of XYL opened at $120.87 on Wednesday. The stock has a market cap of $29.38 billion, a price-to-earnings ratio of 33.03, a PEG ratio of 2.33 and a beta of 1.08. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. The business has a 50-day simple moving average of $124.97 and a two-hundred day simple moving average of $126.36. Xylem Inc. has a 52 week low of $113.26 and a 52 week high of $146.08.

Xylem (NYSE:XYL) last released its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.06. The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.18 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.99 earnings per share. On average, analysts expect that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.40 per share. 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 yield of 1.32%. Xylem’s dividend payout ratio is presently 43.72%.

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.