Xylem Inc. (NYSE:XYL) Holdings Decreased by Corebridge Financial Inc.

Corebridge Financial Inc. trimmed its holdings in shares of Xylem Inc. (NYSE:XYL) by 4.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,516 shares of the industrial products company’s stock after selling 2,783 shares during the period. Corebridge Financial Inc.’s holdings in Xylem were worth $6,673,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Lee Danner & Bass Inc. purchased a new position in Xylem during the 4th quarter valued at about $30,000. Rialto Wealth Management LLC purchased a new position in Xylem during the fourth quarter valued at approximately $31,000. Heck Capital Advisors LLC acquired a new position in Xylem in the 4th quarter valued at approximately $36,000. Pathway Financial Advisers LLC lifted its position in Xylem by 122.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock worth $37,000 after buying an additional 175 shares in the last quarter. Finally, SRS Capital Advisors Inc. boosted its stake in shares of Xylem by 69.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company’s stock valued at $37,000 after buying an additional 130 shares during the period. 87.96% of the stock is owned by hedge funds and other institutional investors.

Xylem Stock Down 2.1 %

XYL opened at $119.42 on Friday. The firm has a market cap of $29.02 billion, a P/E ratio of 32.63, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. The business has a 50 day moving average price of $125.70 and a 200 day moving average price of $125.91. Xylem Inc. has a twelve month low of $113.26 and a twelve month high of $146.08.

Xylem (NYSE:XYL) last issued its quarterly earnings data 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. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The business had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same period in the previous year, the company earned $0.99 earnings per share. Xylem’s revenue for the quarter was up 8.6% on a year-over-year basis. Research analysts forecast that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were given a $0.40 dividend. This is an increase from Xylem’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend was Tuesday, February 18th. Xylem’s dividend payout ratio (DPR) is currently 43.72%.

Analyst Ratings Changes

A number of research firms have recently weighed in on XYL. Wolfe Research reaffirmed a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Citigroup lowered Xylem from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Robert W. Baird raised their price target on Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Finally, Stifel Nicolaus lowered their price target on Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $149.89.

About Xylem

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.