Guggenheim Capital LLC Reduces Stock Position in Xylem Inc. (NYSE:XYL)

Guggenheim Capital LLC reduced its holdings in shares of Xylem Inc. (NYSE:XYL – Get Rating) by 6.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,229 shares of the industrial products company’s stock after selling 584 shares during the quarter. Guggenheim Capital LLC’s holdings in Xylem were worth $719,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of XYL. First Trust Advisors LP increased its holdings in Xylem by 399.3% during the 1st quarter. First Trust Advisors LP now owns 2,951,349 shares of the industrial products company’s stock worth $251,632,000 after acquiring an additional 2,360,214 shares during the period. Vanguard Group Inc. increased its holdings in shares of Xylem by 7.6% in the 1st quarter. Vanguard Group Inc. now owns 20,390,911 shares of the industrial products company’s stock worth $1,738,529,000 after buying an additional 1,435,798 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Xylem by 53.6% in the 1st quarter. Invesco Ltd. now owns 3,828,177 shares of the industrial products company’s stock worth $326,390,000 after buying an additional 1,335,241 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Xylem by 613.3% in the 1st quarter. Renaissance Technologies LLC now owns 1,183,400 shares of the industrial products company’s stock worth $100,897,000 after buying an additional 1,017,500 shares during the last quarter. Finally, Robeco Schweiz AG increased its holdings in shares of Xylem by 159.6% in the 1st quarter. Robeco Schweiz AG now owns 648,700 shares of the industrial products company’s stock worth $55,308,000 after buying an additional 398,855 shares during the last quarter. 83.57% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Xylem

In other news, SVP Hayati Yarkadas sold 15,942 shares of the firm’s stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $100.43, for a total value of $1,601,055.06. Following the completion of the sale, the senior vice president now directly owns 12,146 shares of the company’s stock, valued at approximately $1,219,822.78. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.89% of the company’s stock.

Xylem Trading Down 1.3 %

Shares of XYL opened at $100.48 on Friday. The stock has a market capitalization of $18.11 billion, a P/E ratio of 51.27, a PEG ratio of 2.66 and a beta of 1.07. The company has a quick ratio of 1.39, a current ratio of 1.89 and a debt-to-equity ratio of 0.54. The firm has a fifty day simple moving average of $106.75 and a two-hundred day simple moving average of $103.10. Xylem Inc. has a twelve month low of $72.08 and a twelve month high of $118.58.

Xylem (NYSE:XYL – Get Rating) last announced its quarterly earnings results on Tuesday, February 7th. The industrial products company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.13. The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Xylem had a net margin of 6.43% and a return on equity of 15.72%. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.63 EPS. On average, research analysts anticipate that Xylem Inc. will post 3.2 EPS for the current year.

Xylem Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 22nd. Stockholders of record on Wednesday, February 22nd will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.31%. This is a boost from Xylem’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Tuesday, February 21st. Xylem’s dividend payout ratio (DPR) is currently 67.35%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Cowen increased their price target on shares of Xylem from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, February 14th. TheStreet raised shares of Xylem from a “c” rating to a “b” rating in a report on Tuesday, February 7th. Atlantic Securities raised shares of Xylem from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $110.00 to $129.00 in a report on Wednesday, November 16th. Citigroup reduced their target price on shares of Xylem from $123.00 to $121.00 and set a “neutral” rating on the stock in a report on Wednesday, February 8th. Finally, Raymond James lowered shares of Xylem from a “market perform” rating to an “underperform” rating in a report on Wednesday, January 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Xylem currently has an average rating of “Hold” and a consensus price target of $114.80.

Xylem Company Profile

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Xylem, Inc engages in the design, manufacture, and application of engineered technologies for the water industry. It operates through the following business segments: Water Infrastructure, Applied Water, and Measurement and Control Solutions. The Water Infrastructure segment focuses on the transportation, treatment and testing of water.