Xylem Inc. (NYSE:XYL) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC raised its stake in Xylem Inc. (NYSE:XYL - Free Report) by 1.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,668,755 shares of the industrial products company's stock after purchasing an additional 54,877 shares during the period. Geode Capital Management LLC owned 2.33% of Xylem worth $762,804,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in XYL. Bangor Savings Bank raised its stake in shares of Xylem by 56.7% during the 3rd quarter. Bangor Savings Bank now owns 235 shares of the industrial products company's stock worth $32,000 after acquiring an additional 85 shares in the last quarter. Mark Sheptoff Financial Planning LLC acquired a new position in shares of Xylem during the second quarter worth $33,000. Blue Trust Inc. lifted its holdings in shares of Xylem by 1,185.7% during the 2nd quarter. Blue Trust Inc. now owns 270 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 249 shares during the last quarter. Assetmark Inc. boosted its position in shares of Xylem by 3,887.5% in the 3rd quarter. Assetmark Inc. now owns 319 shares of the industrial products company's stock worth $43,000 after purchasing an additional 311 shares in the last quarter. Finally, Catalyst Capital Advisors LLC grew its stake in Xylem by 226.0% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 339 shares of the industrial products company's stock worth $46,000 after buying an additional 235 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors.

Xylem Stock Performance

Shares of NYSE:XYL traded down $2.31 during trading on Thursday, hitting $121.07. 1,576,237 shares of the stock traded hands, compared to its average volume of 1,240,988. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 0.19. The company has a fifty day moving average price of $127.98 and a two-hundred day moving average price of $132.67. Xylem Inc. has a 52-week low of $106.52 and a 52-week high of $146.08. The company has a market cap of $29.41 billion, a price-to-earnings ratio of 35.40, a P/E/G ratio of 2.37 and a beta of 1.05.

Xylem (NYSE:XYL - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, hitting analysts' consensus estimates of $1.11. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the prior year, the firm posted $0.99 earnings per share. The company's revenue was up .2% compared to the same quarter last year. As a group, equities analysts predict that Xylem Inc. will post 4.23 EPS for the current year.

Xylem Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, November 26th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend is Tuesday, November 26th. Xylem's dividend payout ratio (DPR) is presently 42.11%.

Analyst Upgrades and Downgrades

XYL has been the subject of several recent analyst reports. Wolfe Research reissued a "peer perform" rating on shares of Xylem in a report on Thursday. Royal Bank of Canada cut their price target on shares of Xylem from $163.00 to $162.00 and set an "outperform" rating on the stock in a research note on Friday, November 1st. Citigroup raised shares of Xylem from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $135.00 to $148.00 in a report on Monday. Robert W. Baird cut their target price on Xylem from $175.00 to $154.00 and set an "outperform" rating on the stock in a research report on Friday, November 1st. Finally, TD Cowen lowered their price target on Xylem from $138.00 to $125.00 and set a "hold" rating for the company in a research report on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $149.91.

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.