Cidel Asset Management Inc. Sells 106 Shares of Xylem Inc. (NYSE:XYL)

Cidel Asset Management Inc. cut its stake in Xylem Inc. (NYSE:XYL) by 5.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,760 shares of the industrial products company’s stock after selling 106 shares during the period. Cidel Asset Management Inc.’s holdings in Xylem were worth $204,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Heck Capital Advisors LLC acquired a new stake in shares of Xylem during the fourth quarter worth $36,000. 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 valued at $43,000 after acquiring an additional 311 shares during the last quarter. Versant Capital Management Inc grew its holdings in Xylem by 318.2% during the 4th quarter. Versant Capital Management Inc now owns 368 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 280 shares during the period. Catalyst Capital Advisors LLC raised its position in shares of Xylem by 226.0% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 339 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 235 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of Xylem in the 3rd quarter valued at about $55,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Trading Down 0.2 %

NYSE:XYL opened at $131.11 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.42. Xylem Inc. has a one year low of $113.26 and a one year high of $146.08. The company has a market cap of $31.85 billion, a PE ratio of 35.82, a PEG ratio of 2.36 and a beta of 1.07. The firm has a 50-day moving average of $120.95 and a 200-day moving average of $127.39.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.06. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same period in the previous year, the company posted $0.99 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, equities research analysts expect that Xylem Inc. will post 4.66 EPS for the current fiscal year.

Xylem Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This is a boost from Xylem’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 1.22%. Xylem’s dividend payout ratio (DPR) is 43.72%.

Analyst Ratings Changes

Several equities research analysts recently commented on XYL shares. Robert W. Baird raised their target price on Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a research note 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 dropped their target price on shares of Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Royal Bank of Canada reduced their price target on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Finally, Citigroup lowered shares of Xylem from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $149.90.

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.