Xylem Inc. (NYSE:XYL) Shares Sold by Baillie Gifford & Co.

Baillie Gifford & Co. reduced its position in Xylem Inc. (NYSE:XYL - Free Report) by 17.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,638,523 shares of the industrial products company's stock after selling 351,051 shares during the period. Baillie Gifford & Co. owned approximately 0.67% of Xylem worth $190,101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of XYL. Creative Planning boosted its stake in shares of Xylem by 9.8% in the 3rd quarter. Creative Planning now owns 28,515 shares of the industrial products company's stock worth $3,850,000 after buying an additional 2,536 shares during the last quarter. NBC Securities Inc. lifted its position in Xylem by 32.1% during the third quarter. NBC Securities Inc. now owns 576 shares of the industrial products company's stock valued at $77,000 after purchasing an additional 140 shares in the last quarter. Swedbank AB lifted its position in Xylem by 22.8% during the third quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company's stock valued at $403,953,000 after purchasing an additional 554,609 shares in the last quarter. Bleakley Financial Group LLC lifted its position in Xylem by 3.7% during the third quarter. Bleakley Financial Group LLC now owns 4,263 shares of the industrial products company's stock valued at $576,000 after purchasing an additional 152 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Xylem by 1.1% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 24,210 shares of the industrial products company's stock valued at $3,269,000 after purchasing an additional 254 shares in the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on XYL. Citigroup downgraded Xylem from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 5th. TD Cowen lowered their target price on Xylem from $138.00 to $125.00 and set a "hold" rating on the stock in a research report on Wednesday, November 6th. Royal Bank of Canada decreased their price target on Xylem from $163.00 to $162.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. Stifel Nicolaus decreased their price target on Xylem from $166.00 to $150.00 and set a "buy" rating on the stock in a report on Friday, January 24th. Finally, Robert W. Baird raised their price target on Xylem from $139.00 to $148.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $149.90.

Xylem Stock Down 0.2 %

Xylem stock traded down $0.23 during mid-day trading on Wednesday, reaching $130.27. 362,049 shares of the company were exchanged, compared to its average volume of 1,328,922. The business has a fifty day moving average of $121.36 and a 200 day moving average of $127.14. 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 firm has a market cap of $31.65 billion, a P/E ratio of 35.61, a PEG ratio of 2.32 and a beta of 1.07. Xylem Inc. has a 12-month low of $113.26 and a 12-month high of $146.08.

Xylem (NYSE:XYL - Get Free Report) last posted its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, topping analysts' consensus estimates of $1.12 by $0.06. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.18 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. Xylem's revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.99 earnings per share. Research analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, February 18th. This is an increase from Xylem's previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.23%. 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.