OneDigital Investment Advisors LLC Sells 289 Shares of Xylem Inc. (NYSE:XYL)

OneDigital Investment Advisors LLC decreased its holdings in Xylem Inc. (NYSE:XYL) by 10.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,521 shares of the industrial products company’s stock after selling 289 shares during the period. OneDigital Investment Advisors LLC’s holdings in Xylem were worth $293,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in XYL. Wilmington Savings Fund Society FSB purchased a new stake in shares of Xylem during the third quarter worth about $2,492,000. Tidal Investments LLC grew its position in shares of Xylem by 1.7% during the third quarter. Tidal Investments LLC now owns 47,642 shares of the industrial products company’s stock worth $6,433,000 after purchasing an additional 783 shares in the last quarter. Asset Advisors Investment Management LLC grew its position in shares of Xylem by 11.7% during the third quarter. Asset Advisors Investment Management LLC now owns 18,455 shares of the industrial products company’s stock worth $2,492,000 after purchasing an additional 1,937 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Xylem by 2.3% during the third quarter. Franklin Resources Inc. now owns 1,597,657 shares of the industrial products company’s stock worth $219,262,000 after purchasing an additional 36,102 shares in the last quarter. Finally, Oddo BHF Asset Management Sas purchased a new stake in shares of Xylem during the third quarter worth about $2,092,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Wall Street Analysts Forecast Growth

XYL has been the topic of a number of research reports. Stifel Nicolaus reduced their price objective on Xylem from $150.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Citigroup reduced their price target on shares of Xylem from $152.00 to $134.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Finally, Robert W. Baird boosted their price target on shares of Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $147.33.

Xylem Stock Down 0.2 %

NYSE XYL opened at $115.82 on Tuesday. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. The company has a fifty day moving average of $118.61 and a two-hundred day moving average of $122.20. The firm has a market capitalization of $28.18 billion, a price-to-earnings ratio of 31.64, a PEG ratio of 2.33 and a beta of 1.08. Xylem Inc. has a 52 week low of $100.47 and a 52 week high of $146.08.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.12 by $0.06. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.18 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. Xylem’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.99 earnings per share. On average, analysts predict that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.40 per share. This is a positive change from Xylem’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date was Tuesday, February 18th. Xylem’s payout ratio is currently 43.72%.

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.