Lantz Financial LLC Sells 490 Shares of Xylem Inc. (NYSE:XYL)

Lantz Financial LLC trimmed its holdings in shares of Xylem Inc. (NYSE:XYL) by 19.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,971 shares of the industrial products company’s stock after selling 490 shares during the quarter. Lantz Financial LLC’s holdings in Xylem were worth $229,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. City Holding Co. grew its stake in Xylem by 3.8% in the 3rd quarter. City Holding Co. now owns 2,071 shares of the industrial products company’s stock worth $280,000 after acquiring an additional 75 shares in the last quarter. First Trust Direct Indexing L.P. lifted its stake in Xylem by 0.9% in the third quarter. First Trust Direct Indexing L.P. now owns 9,070 shares of the industrial products company’s stock worth $1,225,000 after acquiring an additional 78 shares during the period. Bangor Savings Bank increased its position in Xylem by 56.7% during the 3rd quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 85 shares during the period. Angeles Wealth Management LLC increased its position in Xylem by 3.6% during the 3rd quarter. Angeles Wealth Management LLC now owns 2,462 shares of the industrial products company’s stock valued at $332,000 after purchasing an additional 86 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in Xylem by 6.6% in the third quarter. Farther Finance Advisors LLC now owns 1,412 shares of the industrial products company’s stock worth $191,000 after buying an additional 87 shares in the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on XYL. Robert W. Baird decreased their price objective on Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Royal Bank of Canada lowered their target price on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Wolfe Research restated a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Stifel Nicolaus dropped their price target on Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday. Finally, TD Cowen dropped their target price on shares of Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Xylem has a consensus rating of “Moderate Buy” and an average target price of $150.50.

Xylem Stock Performance

Shares of NYSE XYL opened at $121.53 on Friday. The company has a 50 day simple moving average of $120.88 and a two-hundred day simple moving average of $128.37. The stock has a market cap of $29.53 billion, a price-to-earnings ratio of 35.54, a PEG ratio of 2.05 and a beta of 1.06. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 12 month low of $111.72 and a 12 month high of $146.08.

Xylem (NYSE:XYL) last released its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.11. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter last year, the business posted $0.99 EPS. The company’s revenue was up .2% on a year-over-year basis. As a group, analysts predict that Xylem Inc. will post 4.23 earnings per share for the current year.

Xylem Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, November 26th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Tuesday, November 26th. Xylem’s dividend payout ratio (DPR) is 42.11%.

Xylem Company 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.