Erste Asset Management GmbH Sells 49,246 Shares of Xylem Inc. (NYSE:XYL)

Erste Asset Management GmbH lowered its stake in shares of Xylem Inc. (NYSE:XYL - Free Report) by 9.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 460,932 shares of the industrial products company's stock after selling 49,246 shares during the period. Erste Asset Management GmbH owned 0.19% of Xylem worth $54,244,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. State Street Corp raised its stake in shares of Xylem by 1.9% during the 3rd quarter. State Street Corp now owns 10,329,494 shares of the industrial products company's stock worth $1,394,792,000 after purchasing an additional 189,820 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Xylem by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 5,668,755 shares of the industrial products company's stock worth $762,804,000 after purchasing an additional 54,877 shares in the last quarter. Impax Asset Management Group plc raised its stake 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 worth $644,039,000 after purchasing an additional 3,883,845 shares in the last quarter. Swedbank AB raised its stake in shares of Xylem by 23.1% during 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. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Xylem by 1.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,449,307 shares of the industrial products company's stock worth $465,760,000 after purchasing an additional 32,645 shares in the last quarter. Institutional investors own 87.96% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Robert W. Baird upped their price objective on Xylem from $139.00 to $148.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 5th. Stifel Nicolaus decreased their target price on Xylem from $166.00 to $150.00 and set a "buy" rating on the stock in a report on Friday, January 24th. Wolfe Research reissued a "peer perform" rating on shares of Xylem in a report on Thursday, December 12th. Finally, Citigroup lowered Xylem from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $149.89.

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Xylem Stock Performance

Shares of NYSE XYL opened at $122.99 on Thursday. 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's fifty day moving average price is $124.53 and its two-hundred day moving average price is $126.83. Xylem Inc. has a one year low of $113.26 and a one year high of $146.08. The firm has a market cap of $29.89 billion, a price-to-earnings ratio of 33.60, a P/E/G ratio of 2.33 and a beta of 1.08.

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

Xylem Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.40 per share. This is a positive change from Xylem's previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Tuesday, February 18th. Xylem's dividend payout ratio is 43.72%.

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.

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