Ironsides Asset Advisors LLC Has $382,000 Stock Holdings in Xylem Inc. (NYSE:XYL)

Ironsides Asset Advisors LLC trimmed its position in Xylem Inc. (NYSE:XYL) by 5.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,295 shares of the industrial products company’s stock after selling 205 shares during the quarter. Ironsides Asset Advisors LLC’s holdings in Xylem were worth $382,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Hilton Capital Management LLC bought a new position in shares of Xylem in the fourth quarter valued at $5,361,000. LBP AM SA raised its holdings in Xylem by 12.5% in the 4th quarter. LBP AM SA now owns 404,433 shares of the industrial products company’s stock valued at $46,922,000 after acquiring an additional 44,823 shares during the period. Parnassus Investments LLC lifted its holdings in Xylem by 29.7% during the 4th quarter. Parnassus Investments LLC now owns 735,489 shares of the industrial products company’s stock worth $85,331,000 after purchasing an additional 168,242 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Xylem by 10.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 82,149 shares of the industrial products company’s stock worth $9,531,000 after buying an additional 7,945 shares in the last quarter. Finally, HBK Sorce Advisory LLC boosted its holdings in Xylem by 4.4% in the 4th quarter. HBK Sorce Advisory LLC now owns 4,935 shares of the industrial products company’s stock valued at $573,000 after purchasing an additional 210 shares during the period. 87.96% of the stock is owned by institutional investors.

Xylem Stock Performance

NYSE XYL opened at $122.74 on Friday. The company has a market cap of $29.83 billion, a P/E ratio of 33.54, a PEG ratio of 2.33 and a beta of 1.08. The company has a fifty day simple moving average of $124.74 and a 200 day simple moving average of $126.63. Xylem Inc. has a 12-month low of $113.26 and a 12-month high of $146.08. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 9.96% and a net margin of 10.40%. Xylem’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.99 earnings per share. Sell-side analysts predict that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.30%. This is an increase from Xylem’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, February 18th. Xylem’s dividend payout ratio (DPR) is presently 43.72%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Stifel Nicolaus reduced their target price on Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Citigroup downgraded Xylem from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Wolfe Research restated a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Finally, Robert W. Baird upped their price objective on shares of Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Xylem has an average rating of “Moderate Buy” and an average target price 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.