Xylem Inc. (NYSE:XYL) Shares Sold by Azimuth Capital Investment Management LLC

Azimuth Capital Investment Management LLC lowered its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 32.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 96,098 shares of the industrial products company's stock after selling 46,567 shares during the quarter. Azimuth Capital Investment Management LLC's holdings in Xylem were worth $11,149,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of XYL. Vanguard Group Inc. increased its position in shares of Xylem by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 28,644,417 shares of the industrial products company's stock valued at $3,323,325,000 after acquiring an additional 303,854 shares during the last quarter. Geode Capital Management LLC increased its holdings in Xylem by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 5,804,247 shares of the industrial products company's stock valued at $671,623,000 after purchasing an additional 135,492 shares during the last quarter. Impax Asset Management Group plc lifted its stake in Xylem by 231.5% during the fourth quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company's stock worth $644,039,000 after purchasing an additional 3,883,845 shares in the last quarter. Invesco Ltd. lifted its stake in Xylem by 9.8% during the fourth quarter. Invesco Ltd. now owns 4,009,907 shares of the industrial products company's stock worth $465,229,000 after purchasing an additional 359,276 shares in the last quarter. Finally, Swedbank AB boosted its position in shares of Xylem by 23.1% during the fourth quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company's stock worth $427,325,000 after buying an additional 691,618 shares during the period. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

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Xylem Stock Performance

Xylem stock traded up $0.05 during midday trading on Monday, hitting $109.11. 307,111 shares of the company's stock were exchanged, compared to its average volume of 1,616,398. Xylem Inc. has a 12-month low of $100.47 and a 12-month high of $146.08. The firm's 50 day simple moving average is $122.72 and its 200 day simple moving average is $123.95. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. The stock has a market cap of $26.55 billion, a price-to-earnings ratio of 29.81, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, beating analysts' consensus estimates of $1.12 by $0.06. The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.18 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.99 earnings per share. Equities research analysts predict that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th were given a dividend of $0.40 per share. This is an increase from Xylem's previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 1.47%. The ex-dividend date was Tuesday, February 18th. Xylem's payout ratio is currently 43.72%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on XYL shares. Citigroup lowered Xylem from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Robert W. Baird upped their target price on shares of Xylem from $139.00 to $148.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 5th. Finally, Stifel Nicolaus dropped their price target on shares of Xylem from $166.00 to $150.00 and set a "buy" rating for the company in a research note on Friday, January 24th. 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, Xylem presently has a consensus rating of "Moderate Buy" and an average price target of $149.89.

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.