Cable Hill Partners LLC Has $403,000 Position in Xylem Inc. (NYSE:XYL)

Cable Hill Partners LLC reduced its stake in shares of Xylem Inc. (NYSE:XYL) by 8.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,474 shares of the industrial products company’s stock after selling 336 shares during the quarter. Cable Hill Partners LLC’s holdings in Xylem were worth $403,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Heck Capital Advisors LLC acquired a new stake in Xylem in the fourth quarter valued at approximately $36,000. Pathway Financial Advisers LLC lifted its stake in Xylem by 122.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 175 shares during the last quarter. Assetmark Inc. lifted its stake in Xylem by 3,887.5% in 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 lifted its stake in Xylem by 318.2% in the fourth quarter. Versant Capital Management Inc now owns 368 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 280 shares during the last quarter. Finally, Catalyst Capital Advisors LLC lifted its stake in Xylem by 226.0% in the third quarter. Catalyst Capital Advisors LLC now owns 339 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 235 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Citigroup cut shares of Xylem from a “strong-buy” rating to a “hold” rating in a research note 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. Robert W. Baird lifted their target price on shares of Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. TD Cowen reduced their target price on shares of Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Finally, Wolfe Research restated a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $149.90.

Xylem Price Performance

Shares of Xylem stock opened at $128.68 on Thursday. Xylem Inc. has a 1-year low of $113.26 and a 1-year high of $146.08. The firm has a fifty day simple moving average of $122.35 and a 200-day simple moving average of $127.20. The stock has a market capitalization of $31.26 billion, a price-to-earnings ratio of 35.16, a PEG ratio of 2.33 and a beta of 1.07. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the previous year, the firm posted $0.99 earnings per share. Xylem’s revenue was up 8.6% compared to the same quarter last year. On average, sell-side analysts expect 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 will be paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.60 dividend on an annualized basis and a yield of 1.24%. This is a positive change from Xylem’s previous quarterly dividend of $0.36. Xylem’s payout ratio is 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.