Prentiss Smith & Co. Inc. Reduces Stock Holdings in Xylem Inc. (NYSE:XYL)

Prentiss Smith & Co. Inc. decreased its position in Xylem Inc. (NYSE:XYL) by 2.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,676 shares of the industrial products company’s stock after selling 395 shares during the period. Xylem comprises approximately 1.3% of Prentiss Smith & Co. Inc.’s portfolio, making the stock its 24th biggest holding. Prentiss Smith & Co. Inc.’s holdings in Xylem were worth $1,678,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Bruce G. Allen Investments LLC purchased a new position in Xylem in the fourth quarter valued at approximately $27,000. NBC Securities Inc. purchased a new stake in shares of Xylem during the third quarter worth $38,000. Orion Capital Management LLC purchased a new stake in shares of Xylem during the third quarter worth $48,000. Gradient Investments LLC lifted its position in shares of Xylem by 28.6% during the fourth quarter. Gradient Investments LLC now owns 576 shares of the industrial products company’s stock worth $66,000 after acquiring an additional 128 shares in the last quarter. Finally, WASHINGTON TRUST Co lifted its position in shares of Xylem by 34.9% during the fourth quarter. WASHINGTON TRUST Co now owns 619 shares of the industrial products company’s stock worth $71,000 after acquiring an additional 160 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Xylem Trading Down 0.0 %

Shares of Xylem stock traded down $0.06 during trading on Thursday, reaching $130.61. 963,557 shares of the stock were exchanged, compared to its average volume of 1,154,331. The company has a quick ratio of 1.30, a current ratio of 1.76 and a debt-to-equity ratio of 0.22. The stock’s fifty day moving average is $127.44 and its 200 day moving average is $113.34. The firm has a market cap of $31.66 billion, a price-to-earnings ratio of 48.02, a price-to-earnings-growth ratio of 2.60 and a beta of 1.10. Xylem Inc. has a 1 year low of $87.59 and a 1 year high of $132.23.

Xylem (NYSE:XYL) last posted its earnings results on Tuesday, February 6th. The industrial products company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03. The company had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.05 billion. Xylem had a net margin of 8.27% and a return on equity of 9.65%. Xylem’s revenue for the quarter was up 40.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.92 earnings per share. As a group, equities research analysts expect that Xylem Inc. will post 4.13 earnings per share for the current fiscal year.

Xylem Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 21st were issued a dividend of $0.36 per share. This is a positive change from Xylem’s previous quarterly dividend of $0.33. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date was Tuesday, February 20th. Xylem’s dividend payout ratio is currently 52.94%.

Insider Transactions at Xylem

In other news, CAO Geri-Michelle Mcshane sold 1,000 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $122.89, for a total transaction of $122,890.00. Following the completion of the sale, the chief accounting officer now directly owns 2,935 shares in the company, valued at $360,682.15. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Xylem news, SVP Franz Cerwinka sold 2,408 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $121.79, for a total value of $293,270.32. Following the completion of the sale, the senior vice president now directly owns 11,750 shares in the company, valued at $1,431,032.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Geri-Michelle Mcshane sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $122.89, for a total transaction of $122,890.00. Following the completion of the sale, the chief accounting officer now owns 2,935 shares of the company’s stock, valued at $360,682.15. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on XYL. Stifel Nicolaus increased their target price on Xylem from $136.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Royal Bank of Canada increased their target price on Xylem from $140.00 to $145.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Citigroup upped their price target on shares of Xylem from $126.00 to $139.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. BNP Paribas started coverage on shares of Xylem in a report on Tuesday, March 12th. They issued an “outperform” rating and a $150.00 price target on the stock. Finally, Raymond James raised Xylem from an “underperform” rating to a “market perform” rating in a research note on Thursday, January 4th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $138.11.

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.