Artisan Partners Limited Partnership Raises Position in Xylem Inc. (NYSE:XYL)

Artisan Partners Limited Partnership raised its position in shares of Xylem Inc. (NYSE:XYL - Free Report) by 0.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,311,285 shares of the industrial products company's stock after purchasing an additional 4,065 shares during the quarter. Artisan Partners Limited Partnership owned approximately 1.77% of Xylem worth $500,195,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in XYL. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Xylem by 7.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 394,495 shares of the industrial products company's stock worth $46,227,000 after purchasing an additional 28,237 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of Xylem by 2.7% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 48,710 shares of the industrial products company's stock valued at $5,651,000 after acquiring an additional 1,287 shares in the last quarter. First American Trust FSB lifted its position in shares of Xylem by 1.5% during the 4th quarter. First American Trust FSB now owns 42,841 shares of the industrial products company's stock valued at $4,970,000 after acquiring an additional 628 shares during the period. EntryPoint Capital LLC bought a new position in Xylem during the fourth quarter worth $463,000. Finally, CoreFirst Bank & Trust acquired a new stake in Xylem in the fourth quarter worth $90,000. Institutional investors own 87.96% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Stifel Nicolaus reduced their price objective on 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 raised their price objective on Xylem from $139.00 to $148.00 and gave the company an "outperform" rating in a research note on Wednesday, February 5th. Wolfe Research reissued a "peer perform" rating on shares of Xylem in a research report on Thursday, December 12th. Finally, Citigroup lowered shares of Xylem from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, Xylem presently has an average rating of "Moderate Buy" and an average target price of $149.89.

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Xylem Stock Performance

Shares of XYL traded down $1.47 during trading hours on Monday, hitting $117.97. The company's stock had a trading volume of 245,477 shares, compared to its average volume of 1,308,121. The business has a 50 day simple moving average of $125.70 and a two-hundred day simple moving average of $125.85. Xylem Inc. has a 52-week low of $113.26 and a 52-week high of $146.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. The company has a market cap of $28.67 billion, a price-to-earnings ratio of 32.25, a PEG ratio of 2.33 and a beta of 1.08.

Xylem (NYSE:XYL - Get Free Report) last announced its quarterly 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 firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the prior year, the firm posted $0.99 earnings per share. The company's revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities analysts expect that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were issued a $0.40 dividend. This is a positive change from Xylem's previous quarterly dividend of $0.36. The ex-dividend date was Tuesday, February 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.36%. Xylem's dividend payout ratio is presently 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.