Oak Thistle LLC Trims Stake in Xylem Inc. (NYSE:XYL)

Oak Thistle LLC lessened its position in Xylem Inc. (NYSE:XYL) by 55.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,717 shares of the industrial products company’s stock after selling 5,878 shares during the quarter. Oak Thistle LLC’s holdings in Xylem were worth $547,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Nordea Investment Management AB raised its holdings in Xylem by 24.6% in the fourth quarter. Nordea Investment Management AB now owns 26,798 shares of the industrial products company’s stock worth $3,125,000 after purchasing an additional 5,286 shares in the last quarter. MML Investors Services LLC increased its stake in shares of Xylem by 66.9% in the 3rd quarter. MML Investors Services LLC now owns 15,935 shares of the industrial products company’s stock worth $2,152,000 after acquiring an additional 6,386 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Xylem by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,345,768 shares of the industrial products company’s stock valued at $181,719,000 after acquiring an additional 5,817 shares during the period. Groupama Asset Managment boosted its stake in Xylem by 89.6% during the third quarter. Groupama Asset Managment now owns 16,340 shares of the industrial products company’s stock worth $2,206,000 after acquiring an additional 7,723 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in Xylem by 2.3% during the third quarter. Franklin Resources Inc. now owns 1,597,657 shares of the industrial products company’s stock worth $219,262,000 after acquiring an additional 36,102 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors.

Xylem Stock Up 2.6 %

XYL opened at $119.08 on Friday. Xylem Inc. has a twelve month low of $109.39 and a twelve month high of $146.08. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 0.19. The firm has a 50 day moving average price of $121.26 and a 200-day moving average price of $128.97. The stock has a market capitalization of $28.93 billion, a price-to-earnings ratio of 34.82, a PEG ratio of 1.89 and a beta of 1.06.

Xylem (NYSE:XYL) last released its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, meeting the consensus estimate of $1.11. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The firm had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same period in the prior year, the firm earned $0.99 EPS. The company’s revenue was up .2% compared to the same quarter last year. Equities research analysts forecast that Xylem Inc. will post 4.23 earnings per share for the current year.

Xylem Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.21%. Xylem’s dividend payout ratio is currently 42.11%.

Analyst Upgrades and Downgrades

XYL has been the subject of several recent research reports. Royal Bank of Canada lowered their target price on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Wolfe Research reissued a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Robert W. Baird lowered their price target on Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Stifel Nicolaus cut their price objective on shares of Xylem from $172.00 to $166.00 and set a “buy” rating on the stock in a research report on Wednesday, December 11th. Finally, Citigroup decreased their target price on shares of Xylem from $148.00 to $147.00 and set a “buy” rating for the company in a report on Monday. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $152.10.

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.