Flputnam Investment Management Co. Has $3.91 Million Stock Holdings in Xylem Inc. (NYSE:XYL)

Flputnam Investment Management Co. boosted its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 163.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 33,728 shares of the industrial products company's stock after acquiring an additional 20,907 shares during the quarter. Flputnam Investment Management Co.'s holdings in Xylem were worth $3,913,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nordea Investment Management AB grew its holdings in shares of Xylem by 24.6% during the 4th quarter. Nordea Investment Management AB now owns 26,798 shares of the industrial products company's stock valued at $3,125,000 after acquiring an additional 5,286 shares in the last quarter. MML Investors Services LLC boosted its position in Xylem by 66.9% during the third quarter. MML Investors Services LLC now owns 15,935 shares of the industrial products company's stock valued at $2,152,000 after purchasing an additional 6,386 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Xylem by 0.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,345,768 shares of the industrial products company's stock valued at $181,719,000 after purchasing an additional 5,817 shares in the last quarter. Swedbank AB grew its stake in Xylem by 23.1% in the fourth quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company's stock valued at $427,325,000 after purchasing an additional 691,618 shares in the last quarter. Finally, Groupama Asset Managment increased its position in Xylem by 89.6% in the 3rd quarter. Groupama Asset Managment now owns 16,340 shares of the industrial products company's stock worth $2,206,000 after purchasing an additional 7,723 shares during the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Xylem Price Performance

Shares of Xylem stock traded up $2.42 during midday trading on Wednesday, hitting $129.74. 1,521,067 shares of the company were exchanged, compared to its average volume of 1,198,634. The firm has a 50 day simple moving average of $123.29 and a 200-day simple moving average of $127.10. Xylem Inc. has a 52 week low of $113.26 and a 52 week high of $146.08. The firm has a market cap of $31.52 billion, a P/E ratio of 35.45, a PEG ratio of 2.33 and a beta of 1.07. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33.

Xylem (NYSE:XYL - Get Free Report) last issued its earnings results 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 company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.18 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.99 EPS. Research analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The firm 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 represents a $1.60 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Tuesday, February 18th. This is a boost from Xylem's previous quarterly dividend of $0.36. Xylem's dividend payout ratio is presently 43.72%.

Analyst Upgrades and Downgrades

XYL has been the subject of several research reports. TD Cowen reduced their price target on Xylem from $138.00 to $125.00 and set a "hold" rating for the company in a report on Wednesday, November 6th. Citigroup downgraded shares of Xylem from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Wolfe Research restated a "peer perform" rating on shares of Xylem in a research note on Thursday, December 12th. Stifel Nicolaus reduced their price objective 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. Finally, Robert W. Baird upped their price objective on shares of Xylem from $139.00 to $148.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Xylem has a consensus rating of "Moderate Buy" and an average price target of $149.90.

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.