Canada Pension Plan Investment Board Sells 15,182 Shares of Xylem Inc. (NYSE:XYL)

Canada Pension Plan Investment Board lowered its stake in Xylem Inc. (NYSE:XYL - Free Report) by 7.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 176,631 shares of the industrial products company's stock after selling 15,182 shares during the period. Canada Pension Plan Investment Board owned 0.07% of Xylem worth $20,493,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Lee Danner & Bass Inc. bought a new stake in shares of Xylem during the fourth quarter worth $30,000. Rialto Wealth Management LLC acquired a new stake in Xylem in the fourth quarter worth about $31,000. Heck Capital Advisors LLC bought a new stake in Xylem during the 4th quarter worth about $36,000. Pathway Financial Advisers LLC lifted its position in Xylem by 122.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 175 shares during the period. Finally, SRS Capital Advisors Inc. boosted its stake in shares of Xylem by 69.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 130 shares during the last quarter. Institutional investors own 87.96% of the company's stock.

Xylem Stock Up 2.0 %

XYL stock traded up $2.28 during mid-day trading on Thursday, hitting $115.63. 1,819,164 shares of the company were exchanged, compared to its average volume of 1,398,130. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $146.08. The firm's 50 day simple moving average is $119.46 and its 200 day simple moving average is $122.78. The firm has a market cap of $28.14 billion, a P/E ratio of 31.59, a P/E/G ratio of 2.33 and a beta of 1.08.

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

Xylem Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was 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 1.38%. Xylem's dividend payout ratio (DPR) is presently 43.72%.

Analysts Set New Price Targets

Several brokerages recently weighed in on XYL. Citigroup cut their price objective on shares of Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Robert W. Baird increased their price target on Xylem from $139.00 to $148.00 and gave the company an "outperform" rating in a research note on Wednesday, February 5th. Finally, Stifel Nicolaus decreased their price objective on Xylem from $150.00 to $140.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Xylem presently has an average rating of "Moderate Buy" and a consensus price target of $147.33.

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.