Korea Investment CORP Sells 116,971 Shares of Xylem Inc. (NYSE:XYL)

Korea Investment CORP lowered its position in Xylem Inc. (NYSE:XYL - Free Report) by 34.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 225,479 shares of the industrial products company's stock after selling 116,971 shares during the quarter. Korea Investment CORP owned about 0.09% of Xylem worth $26,160,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position 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 buying an additional 303,854 shares in the last quarter. State Street Corp grew its holdings in shares of Xylem by 1.9% during the third 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 grew its holdings in shares of Xylem by 1.0% during the third 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 increased its position in shares of Xylem by 231.5% in the fourth 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 during the last quarter. Finally, Swedbank AB raised 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. Institutional investors own 87.96% of the company's stock.

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Xylem Trading Up 0.1 %

Shares of Xylem stock 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. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. Xylem Inc. has a one year low of $113.26 and a one year high of $146.08. The stock's 50-day simple moving average is $125.70 and its two-hundred day simple moving average is $125.85. The stock has a market cap of $29.05 billion, a price-to-earnings ratio of 32.65, a PEG ratio of 2.33 and a beta of 1.08.

Xylem (NYSE:XYL - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.12 by $0.06. The firm had revenue of $2.30 billion for the quarter, compared to analysts' expectations of $2.18 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The company'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 earnings per share. As a group, sell-side analysts predict that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

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

Analyst Ratings Changes

Several research firms have recently weighed in on XYL. Robert W. Baird raised their price objective on shares of Xylem from $139.00 to $148.00 and gave the company an "outperform" rating in a research report on Wednesday, February 5th. Citigroup lowered Xylem from a "strong-buy" rating to a "hold" 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, Stifel Nicolaus dropped their target price on Xylem from $166.00 to $150.00 and set a "buy" rating for the company in a research report on Friday, January 24th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $149.89.

Xylem Company 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.