Prentiss Smith & Co. Inc. Sells 395 Shares of Xylem Inc. (NYSE:XYL)

Prentiss Smith & Co. Inc. trimmed its stake in Xylem Inc. (NYSE:XYL) by 2.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,676 shares of the industrial products company’s stock after selling 395 shares during the period. Xylem comprises about 1.3% of Prentiss Smith & Co. Inc.’s investment portfolio, making the stock its 24th largest position. Prentiss Smith & Co. Inc.’s holdings in Xylem were worth $1,678,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of XYL. Invesco Ltd. grew its position in Xylem by 35.1% in the third quarter. Invesco Ltd. now owns 4,182,821 shares of the industrial products company’s stock valued at $380,762,000 after acquiring an additional 1,086,102 shares during the period. American Century Companies Inc. grew its position in Xylem by 66.8% in the third quarter. American Century Companies Inc. now owns 2,159,710 shares of the industrial products company’s stock valued at $196,598,000 after acquiring an additional 864,711 shares during the period. Ceredex Value Advisors LLC bought a new stake in Xylem in the third quarter valued at $68,283,000. AEGON ASSET MANAGEMENT UK Plc bought a new stake in Xylem in the fourth quarter valued at $74,297,000. Finally, Morgan Stanley grew its position in Xylem by 11.5% in the third quarter. Morgan Stanley now owns 4,528,905 shares of the industrial products company’s stock valued at $412,267,000 after acquiring an additional 466,911 shares during the period. 87.96% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, SVP Franz Cerwinka sold 2,408 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $121.79, for a total transaction of $293,270.32. Following the completion of the transaction, the senior vice president now directly owns 11,750 shares in the company, valued at $1,431,032.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, SVP Franz Cerwinka sold 2,408 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $121.79, for a total transaction of $293,270.32. Following the completion of the transaction, the senior vice president now directly owns 11,750 shares in the company, valued at $1,431,032.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Geri-Michelle Mcshane sold 1,000 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $122.89, for a total value of $122,890.00. Following the transaction, 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 owned by corporate insiders.

Xylem Trading Down 0.0 %

NYSE XYL traded down $0.06 on Thursday, reaching $130.61. The company had a trading volume of 963,557 shares, compared to its average volume of 1,154,331. The stock’s 50 day moving average is $127.44 and its 200-day moving average is $113.34. The stock has a market cap of $31.66 billion, a price-to-earnings ratio of 48.02, a PEG ratio of 2.60 and a beta of 1.10. The company has a quick ratio of 1.30, a current ratio of 1.76 and a debt-to-equity ratio of 0.22. Xylem Inc. has a 52 week low of $87.59 and a 52 week high of $132.23.

Xylem (NYSE:XYL) last released its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.03. The business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.05 billion. Xylem had a return on equity of 9.65% and a net margin of 8.27%. The firm’s revenue was up 40.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.92 earnings per share. Equities analysts predict that Xylem Inc. will post 4.13 earnings per share for the current year.

Xylem Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 21st were issued a $0.36 dividend. This is an increase from Xylem’s previous quarterly dividend of $0.33. This represents a $1.44 annualized dividend and a dividend yield of 1.10%. The ex-dividend date was Tuesday, February 20th. Xylem’s dividend payout ratio is 52.94%.

Analyst Ratings Changes

A number of equities analysts have commented on XYL shares. Robert W. Baird boosted their price objective on Xylem from $141.00 to $148.00 and gave the stock an “outperform” rating in a research note on Thursday, March 21st. Stifel Nicolaus boosted their price objective on Xylem from $136.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. BNP Paribas started coverage on Xylem in a research note on Tuesday, March 12th. They issued an “outperform” rating and a $150.00 price objective on the stock. Royal Bank of Canada boosted their price objective on Xylem from $140.00 to $145.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Finally, Citigroup boosted their price objective on Xylem from $126.00 to $139.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $138.11.

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.