Xylem Inc. (NYSE:XYL) Stake Lessened by Cullen Capital Management LLC

Cullen Capital Management LLC trimmed its stake in shares of Xylem Inc. (NYSE:XYL) by 13.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,421 shares of the industrial products company’s stock after selling 514 shares during the quarter. Cullen Capital Management LLC’s holdings in Xylem were worth $397,000 at the end of the most recent quarter.

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

Xylem Trading Down 5.9 %

Shares of NYSE:XYL opened at $104.46 on Friday. Xylem Inc. has a 1 year low of $104.24 and a 1 year high of $146.08. The firm has a fifty day moving average price of $125.04 and a 200 day moving average price of $125.29. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $25.39 billion, a PE ratio of 28.54, a P/E/G 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 EPS for the quarter, beating 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 business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the prior year, the firm posted $0.99 EPS. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. Analysts expect that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.53%. This is a boost from Xylem’s previous quarterly dividend of $0.36. The ex-dividend date was Tuesday, February 18th. Xylem’s payout ratio is presently 43.72%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on XYL shares. Robert W. Baird increased their target price on Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Stifel Nicolaus reduced their target price on shares of Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Wolfe Research restated a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Finally, Citigroup cut Xylem from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Xylem presently has an average rating of “Moderate Buy” and an average target price of $149.89.

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.