Mariner LLC Acquires 6,697 Shares of Xylem Inc. (NYSE:XYL)

Mariner LLC grew its stake in Xylem Inc. (NYSE:XYL - Free Report) by 2.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 318,773 shares of the industrial products company's stock after purchasing an additional 6,697 shares during the quarter. Mariner LLC owned about 0.13% of Xylem worth $36,986,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Xylem by 1.1% in 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 acquiring an additional 303,854 shares in the last quarter. Geode Capital Management LLC boosted its position in Xylem by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 5,804,247 shares of the industrial products company's stock valued at $671,623,000 after purchasing an additional 135,492 shares during the last quarter. Impax Asset Management Group plc grew its stake 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 valued at $644,039,000 after buying an additional 3,883,845 shares in the last quarter. Invesco Ltd. increased its stake in shares of Xylem by 9.8% during the 4th quarter. Invesco Ltd. now owns 4,009,907 shares of the industrial products company's stock worth $465,229,000 after purchasing an additional 359,276 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 buying an additional 691,618 shares during the period. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on XYL shares. Citigroup lowered their price target on shares of Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a report on Monday. Robert W. Baird boosted 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. Finally, Stifel Nicolaus lowered their price objective on shares of Xylem from $150.00 to $140.00 and set a "buy" rating for the company in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $147.33.

Xylem Trading Up 1.2 %

NYSE XYL traded up $1.34 during mid-day trading on Friday, reaching $110.53. 2,154,926 shares of the stock were exchanged, compared to its average volume of 1,389,048. The stock has a 50 day simple moving average of $120.60 and a 200-day simple moving average of $123.24. Xylem Inc. has a one year low of $100.47 and a one year high of $146.08. 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 has a market cap of $26.90 billion, a P/E ratio of 30.20, a P/E/G 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 for the quarter, beating the consensus estimate of $1.12 by $0.06. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the previous year, the business posted $0.99 EPS. Xylem's revenue for the quarter was up 8.6% compared to the same quarter last year. On average, analysts anticipate that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.45%. This is a positive change from Xylem's previous quarterly dividend of $0.36. The ex-dividend date of this dividend was 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.