Xylem Inc. (NYSE:XYL) is TSP Capital Management Group LLC’s 9th Largest Position

TSP Capital Management Group LLC cut its position in Xylem Inc. (NYSE:XYL) by 4.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 102,950 shares of the industrial products company’s stock after selling 5,196 shares during the quarter. Xylem comprises 4.1% of TSP Capital Management Group LLC’s holdings, making the stock its 9th largest position. TSP Capital Management Group LLC’s holdings in Xylem were worth $11,944,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nordea Investment Management AB boosted its stake in shares of Xylem by 24.6% in the fourth quarter. Nordea Investment Management AB now owns 26,798 shares of the industrial products company’s stock valued at $3,125,000 after purchasing an additional 5,286 shares during the period. MML Investors Services LLC boosted its stake in shares of 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 during the period. Swedbank AB boosted its stake in shares of Xylem by 23.1% in 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 period. Charles Schwab Investment Management Inc. boosted its stake in shares of Xylem by 0.4% in the third 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 purchasing an additional 5,817 shares during the period. Finally, Groupama Asset Managment boosted its stake in shares of Xylem by 89.6% in the third quarter. Groupama Asset Managment now owns 16,340 shares of the industrial products company’s stock valued at $2,206,000 after purchasing an additional 7,723 shares during the period. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on XYL shares. TD Cowen decreased their target price on shares of Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Royal Bank of Canada cut their price target on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Stifel Nicolaus cut their price target on shares of Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Citigroup cut shares of Xylem from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 5th. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $149.90.

Xylem Stock Up 1.0 %

Shares of NYSE:XYL opened at $131.23 on Friday. The stock has a market capitalization of $31.88 billion, a price-to-earnings ratio of 35.86, a price-to-earnings-growth ratio of 2.36 and a beta of 1.07. Xylem Inc. has a 1-year low of $113.26 and a 1-year high of $146.08. The company’s fifty day moving average is $121.27 and its two-hundred day moving average is $127.34. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.76.

Xylem (NYSE:XYL) last issued 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. The company had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.99 earnings per share. Equities analysts anticipate that Xylem Inc. will post 4.66 EPS for the current year.

Xylem Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.60 annualized dividend and a dividend yield of 1.22%. This is a positive change from Xylem’s previous quarterly dividend of $0.36. Xylem’s dividend payout ratio is currently 39.34%.

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.