Lantz Financial LLC Cuts Stock Position in Xylem Inc. (NYSE:XYL)

Lantz Financial LLC lessened its stake in Xylem Inc. (NYSE:XYL) by 19.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,971 shares of the industrial products company’s stock after selling 490 shares during the quarter. Lantz Financial LLC’s holdings in Xylem were worth $229,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in XYL. Fifth Third Bancorp boosted its holdings in Xylem by 1.1% in the 4th quarter. Fifth Third Bancorp now owns 47,549 shares of the industrial products company’s stock worth $5,517,000 after buying an additional 536 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its stake in Xylem by 5.2% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,351 shares of the industrial products company’s stock valued at $389,000 after acquiring an additional 165 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Xylem by 226.1% in the fourth quarter. Exchange Traded Concepts LLC now owns 28,452 shares of the industrial products company’s stock valued at $3,301,000 after purchasing an additional 19,728 shares during the last quarter. Cornerstone Wealth Management LLC lifted its position in Xylem by 11.9% during the fourth quarter. Cornerstone Wealth Management LLC now owns 1,774 shares of the industrial products company’s stock worth $206,000 after buying an additional 188 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in Xylem by 24.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 47,901 shares of the industrial products company’s stock worth $5,558,000 after buying an additional 9,474 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Xylem Trading Down 0.0 %

Shares of NYSE XYL opened at $121.53 on Friday. The stock has a fifty day simple moving average of $120.88 and a 200-day simple moving average of $128.37. Xylem Inc. has a twelve month low of $111.72 and a twelve month high of $146.08. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $29.53 billion, a PE ratio of 35.54, a PEG ratio of 2.05 and a beta of 1.06.

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

Xylem Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th were given a $0.36 dividend. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a $1.44 annualized dividend and a yield of 1.18%. Xylem’s dividend payout ratio is presently 42.11%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Stifel Nicolaus cut their target price on Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a research note on Friday. Robert W. Baird decreased their target price on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Wolfe Research restated a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. TD Cowen decreased their price objective on Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. Finally, Royal Bank of Canada lowered their price objective on Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Xylem currently has an average rating of “Moderate Buy” and a consensus price target of $150.50.

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.