Elo Mutual Pension Insurance Co Increases Stake in Xylem Inc. (NYSE:XYL)

Elo Mutual Pension Insurance Co increased its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 12.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,983 shares of the industrial products company's stock after purchasing an additional 2,582 shares during the quarter. Elo Mutual Pension Insurance Co's holdings in Xylem were worth $2,783,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Xylem by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 28,644,417 shares of the industrial products company's stock worth $3,323,325,000 after purchasing an additional 303,854 shares during the period. State Street Corp boosted its holdings in shares of Xylem by 1.9% in the 3rd quarter. State Street Corp now owns 10,329,494 shares of the industrial products company's stock valued at $1,394,792,000 after purchasing an additional 189,820 shares in the last quarter. Geode Capital Management LLC grew its position in Xylem by 1.0% in the third quarter. Geode Capital Management LLC now owns 5,668,755 shares of the industrial products company's stock valued at $762,804,000 after acquiring an additional 54,877 shares during the last quarter. Impax Asset Management Group plc grew its holdings in shares of Xylem by 231.5% during the 4th quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company's stock valued at $644,039,000 after purchasing an additional 3,883,845 shares during the last quarter. Finally, Swedbank AB increased its holdings in Xylem by 23.1% in the 4th quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company's stock worth $427,325,000 after purchasing an additional 691,618 shares in the last quarter. Institutional investors own 87.96% of the company's stock.

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Xylem Stock Up 0.1 %

NYSE XYL traded up $0.07 on Monday, hitting $119.51. The stock had a trading volume of 1,694,833 shares, compared to its average volume of 1,313,718. 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 stock has a market cap of $29.05 billion, a price-to-earnings ratio of 32.65, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. The business's fifty day moving average price is $125.70 and its 200 day moving average price is $125.85.

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 for the quarter, topping the consensus estimate of $1.12 by $0.06. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same period last year, the firm earned $0.99 EPS. The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. Equities research analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th were issued a $0.40 dividend. This is a boost from Xylem's previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 1.34%. The ex-dividend date was Tuesday, February 18th. Xylem's dividend payout ratio is presently 43.72%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on XYL shares. Stifel Nicolaus cut their target price on Xylem from $166.00 to $150.00 and set a "buy" rating on the stock in a research report on Friday, January 24th. Robert W. Baird boosted 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 reiterated a "peer perform" rating on shares of Xylem in a research report on Thursday, December 12th. Finally, Citigroup cut 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 stock. According to MarketBeat.com, Xylem has an average 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.