Cannell & Spears LLC Sells 329,736 Shares of Xylem Inc. (NYSE:XYL)

Cannell & Spears LLC lessened its position in shares of Xylem Inc. (NYSE:XYL) by 76.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 104,294 shares of the industrial products company’s stock after selling 329,736 shares during the period. Cannell & Spears LLC’s holdings in Xylem were worth $12,100,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of XYL. Nordea Investment Management AB raised its holdings in shares of Xylem by 24.6% in the 4th quarter. Nordea Investment Management AB now owns 26,798 shares of the industrial products company’s stock valued at $3,125,000 after acquiring an additional 5,286 shares in the last quarter. MML Investors Services LLC raised its stake in Xylem by 66.9% in the third quarter. MML Investors Services LLC now owns 15,935 shares of the industrial products company’s stock valued at $2,152,000 after purchasing an additional 6,386 shares in the last quarter. Swedbank AB lifted its position in Xylem by 23.1% during the fourth quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company’s stock valued at $427,325,000 after purchasing an additional 691,618 shares during the last quarter. Groupama Asset Managment grew its stake in Xylem by 89.6% in the 3rd quarter. Groupama Asset Managment now owns 16,340 shares of the industrial products company’s stock worth $2,206,000 after buying an additional 7,723 shares in the last quarter. Finally, Benson Investment Management Company Inc. bought a new position in shares of Xylem in the 4th quarter worth $5,094,000. 87.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on XYL shares. Stifel Nicolaus dropped 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. Robert W. Baird boosted their target price on Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Wolfe Research reiterated a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Finally, Citigroup lowered shares of Xylem from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Xylem presently has an average rating of “Moderate Buy” and a consensus target price of $149.89.

Xylem Trading Down 2.1 %

NYSE:XYL opened at $119.42 on Monday. The firm has a market capitalization of $29.02 billion, a P/E ratio of 32.63, a P/E/G 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 company has a fifty day moving average of $125.70 and a 200 day moving average of $125.85. Xylem Inc. has a 52 week low of $113.26 and a 52 week high of $146.08.

Xylem (NYSE:XYL) last posted its earnings results 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. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same period in the prior year, the business posted $0.99 earnings per share. Xylem’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, research analysts predict that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.40 per share. 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 yield of 1.34%. The ex-dividend date was Tuesday, February 18th. Xylem’s payout ratio is presently 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.