Duff & Phelps Investment Management Co. Sells 13,230 Shares of Xylem Inc. (NYSE:XYL)

Duff & Phelps Investment Management Co. lowered its holdings in Xylem Inc. (NYSE:XYL) by 2.9% in the 4th quarter, Holdings Channel reports. The firm owned 439,358 shares of the industrial products company’s stock after selling 13,230 shares during the period. Duff & Phelps Investment Management Co.’s holdings in Xylem were worth $50,974,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Clear Creek Financial Management LLC lifted its stake in shares of Xylem by 4.3% in the 4th quarter. Clear Creek Financial Management LLC now owns 2,315 shares of the industrial products company’s stock worth $269,000 after purchasing an additional 96 shares during the period. Bleakley Financial Group LLC increased its holdings in Xylem by 2.3% in the 4th quarter. Bleakley Financial Group LLC now owns 4,359 shares of the industrial products company’s stock valued at $506,000 after acquiring an additional 96 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its position in shares of Xylem by 1.3% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 7,868 shares of the industrial products company’s stock worth $913,000 after buying an additional 98 shares in the last quarter. Mcrae Capital Management Inc. boosted its position in shares of Xylem by 2.9% during the 4th quarter. Mcrae Capital Management Inc. now owns 3,575 shares of the industrial products company’s stock valued at $415,000 after acquiring an additional 100 shares during the last quarter. Finally, Larson Financial Group LLC increased its holdings in shares of Xylem by 24.0% in the 4th quarter. Larson Financial Group LLC now owns 521 shares of the industrial products company’s stock worth $60,000 after buying an additional 101 shares during the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Xylem Stock Down 0.8 %

XYL opened at $122.19 on Friday. Xylem Inc. has a one year low of $113.26 and a one year high of $146.08. The company has a market cap of $29.70 billion, a price-to-earnings ratio of 33.39, a PEG 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’s fifty day moving average is $125.71 and its two-hundred day moving average is $125.97.

Xylem (NYSE:XYL) last issued its quarterly 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 firm had revenue of $2.30 billion for 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 firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the company earned $0.99 EPS. Analysts anticipate 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 was paid on Wednesday, March 19th. Stockholders 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 an increase from Xylem’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 1.31%. Xylem’s dividend payout ratio (DPR) is currently 43.72%.

Analyst Ratings Changes

XYL has been the subject of a number of recent analyst reports. Stifel Nicolaus dropped their price target 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. Citigroup downgraded Xylem from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 5th. Wolfe Research restated a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Finally, Robert W. Baird raised their price objective on shares of Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Xylem presently has an average rating of “Moderate Buy” and an average price target of $149.89.

Xylem Company 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.