Securian Asset Management Inc. Has $1.52 Million Position in Xylem Inc. (NYSE:XYL)

Securian Asset Management Inc. lowered its position in Xylem Inc. (NYSE:XYL) by 2.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 13,057 shares of the industrial products company’s stock after selling 330 shares during the period. Securian Asset Management Inc.’s holdings in Xylem were worth $1,515,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in XYL. Rialto Wealth Management LLC bought a new stake in Xylem during the fourth quarter worth approximately $31,000. Heck Capital Advisors LLC bought a new stake in Xylem during the fourth quarter worth approximately $36,000. Pathway Financial Advisers LLC boosted its position in Xylem by 122.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 175 shares during the period. SRS Capital Advisors Inc. boosted its position in Xylem by 69.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 130 shares during the period. Finally, Assetmark Inc. boosted its position in Xylem by 3,887.5% during the third quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 311 shares during the period. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Stock Down 1.6 %

XYL opened at $120.92 on Friday. The business has a 50 day moving average of $124.53 and a 200-day moving average of $126.83. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $29.39 billion, a price-to-earnings ratio of 33.04, a P/E/G ratio of 2.33 and a beta of 1.08. Xylem Inc. has a 1-year low of $113.26 and a 1-year high of $146.08.

Xylem (NYSE:XYL) last issued its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.06. The business had revenue of $2.30 billion during 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%. Xylem’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.99 earnings per share. As a group, sell-side analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.32%. This is a positive change from Xylem’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, February 18th. Xylem’s dividend payout ratio is presently 43.72%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on XYL shares. Citigroup cut Xylem from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Wolfe Research reaffirmed a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Stifel Nicolaus decreased their target price on Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Finally, Robert W. Baird increased their price objective on Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Xylem presently has a consensus 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.