Rockefeller Capital Management L.P. Reduces Stock Holdings in Xylem Inc. (NYSE:XYL)

Rockefeller Capital Management L.P. cut its stake in Xylem Inc. (NYSE:XYL) by 4.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 112,453 shares of the industrial products company’s stock after selling 5,038 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Xylem were worth $13,048,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on XYL shares. Stifel Nicolaus dropped 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 cut their price objective on shares of Xylem from $152.00 to $134.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Robert W. Baird upped their target price on shares of Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $148.44.

Xylem Stock Performance

Shares of XYL opened at $109.11 on Wednesday. Xylem Inc. has a one year low of $100.47 and a one year high of $146.08. The business has a fifty day moving average of $121.88 and a 200 day moving average of $123.67. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. The firm has a market capitalization of $26.55 billion, a P/E ratio of 29.81, a PEG ratio of 2.33 and a beta of 1.08.

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 the consensus estimate of $1.12 by $0.06. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The firm had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.18 billion. During the same quarter in the prior year, the business earned $0.99 EPS. The business’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th were given a $0.40 dividend. This is a boost from Xylem’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.60 dividend on an annualized basis and a yield of 1.47%. Xylem’s dividend payout ratio is presently 43.72%.

Xylem 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.