Xylem Inc. (NYSE:XYL) Shares Acquired by Keybank National Association OH

Keybank National Association OH lifted its stake in shares of Xylem Inc. (NYSE:XYL - Free Report) by 0.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 393,724 shares of the industrial products company's stock after purchasing an additional 3,676 shares during the period. Keybank National Association OH owned 0.16% of Xylem worth $45,680,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Impax Asset Management Group plc lifted its position 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 acquiring an additional 3,883,845 shares during the period. Swedbank AB raised its stake in shares of Xylem by 23.1% during the fourth quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company's stock valued at $427,325,000 after acquiring an additional 691,618 shares during the last quarter. Erste Asset Management GmbH bought a new stake in shares of Xylem in the 3rd quarter valued at about $68,593,000. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Xylem during the 3rd quarter worth approximately $52,169,000. Finally, Champlain Investment Partners LLC grew its holdings in Xylem by 17.8% during the 3rd quarter. Champlain Investment Partners LLC now owns 1,657,785 shares of the industrial products company's stock worth $223,851,000 after acquiring an additional 249,975 shares during the period. Institutional investors and hedge funds own 87.96% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on XYL shares. Citigroup downgraded Xylem from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 5th. Wolfe Research reaffirmed a "peer perform" rating on shares of Xylem in a report on Thursday, December 12th. TD Cowen decreased their price objective on Xylem from $138.00 to $125.00 and set a "hold" rating on the stock in a research note on Wednesday, November 6th. Stifel Nicolaus dropped their price objective on 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 increased their price target 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 analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $149.90.

Xylem Price Performance

XYL stock traded down $0.24 during trading on Thursday, hitting $129.44. 313,433 shares of the company's stock traded hands, compared to its average volume of 1,194,314. 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 52 week low of $113.26 and a 52 week high of $146.08. The business has a fifty day simple moving average of $123.29 and a 200 day simple moving average of $127.10. The stock has a market capitalization of $31.45 billion, a price-to-earnings ratio of 35.37, a P/E/G ratio of 2.33 and a beta of 1.07.

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, topping analysts' consensus estimates of $1.12 by $0.06. The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.18 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The company's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the company posted $0.99 earnings per share. As a group, research analysts expect 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 will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.24%. This is a boost from Xylem's previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, February 18th. Xylem's dividend payout ratio (DPR) is presently 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.