Northstar Asset Management Inc. Trims Stock Position in Xylem Inc. (NYSE:XYL)

Northstar Asset Management Inc. decreased its stake in shares of Xylem Inc. (NYSE:XYL) by 0.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,678 shares of the industrial products company’s stock after selling 326 shares during the period. Xylem makes up 2.8% of Northstar Asset Management Inc.’s investment portfolio, making the stock its 18th largest holding. Northstar Asset Management Inc.’s holdings in Xylem were worth $9,684,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Xylem in the 4th quarter worth about $198,207,000. Invesco Ltd. lifted its holdings in shares of Xylem by 35.1% during the third quarter. Invesco Ltd. now owns 4,182,821 shares of the industrial products company’s stock valued at $380,762,000 after purchasing an additional 1,086,102 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Xylem by 66.8% in the 3rd quarter. American Century Companies Inc. now owns 2,159,710 shares of the industrial products company’s stock worth $196,598,000 after purchasing an additional 864,711 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc bought a new position in Xylem during the 4th quarter valued at about $74,297,000. Finally, Morgan Stanley boosted its holdings in shares of Xylem by 11.5% during the 3rd quarter. Morgan Stanley now owns 4,528,905 shares of the industrial products company’s stock valued at $412,267,000 after acquiring an additional 466,911 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors.

Xylem Trading Down 1.0 %

NYSE XYL traded down $1.48 during trading hours on Thursday, hitting $143.72. 851,462 shares of the company were exchanged, compared to its average volume of 1,188,161. The company has a quick ratio of 1.22, a current ratio of 1.67 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 52 week low of $87.59 and a 52 week high of $146.08. The stock has a market cap of $34.84 billion, a PE ratio of 51.35, a price-to-earnings-growth ratio of 2.72 and a beta of 1.08. The stock has a 50-day moving average price of $132.78 and a 200 day moving average price of $120.04.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.06. The company had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2 billion. Xylem had a return on equity of 8.95% and a net margin of 8.34%. Xylem’s revenue was up 40.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.72 EPS. Analysts forecast that Xylem Inc. will post 4.24 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Thursday, May 30th. Xylem’s dividend payout ratio (DPR) is presently 51.25%.

Wall Street Analysts Forecast Growth

XYL has been the topic of several analyst reports. Oppenheimer lifted their price target on shares of Xylem from $142.00 to $147.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Robert W. Baird raised their price objective on Xylem from $151.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Royal Bank of Canada boosted their price objective on Xylem from $157.00 to $162.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. BNP Paribas assumed coverage on shares of Xylem in a research report on Tuesday, March 12th. They issued an “outperform” rating and a $150.00 price target for the company. Finally, Mizuho raised their price objective on shares of Xylem from $110.00 to $135.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Xylem currently has a consensus rating of “Moderate Buy” and an average target price of $140.70.

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.