Mirova US LLC Has $213.66 Million Stake in Xylem Inc. (NYSE:XYL)

Mirova US LLC lowered its stake in shares of Xylem Inc. (NYSE:XYL - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,841,615 shares of the industrial products company's stock after selling 54,551 shares during the quarter. Xylem makes up approximately 2.6% of Mirova US LLC's holdings, making the stock its 16th biggest holding. Mirova US LLC owned about 0.76% of Xylem worth $213,664,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Rialto Wealth Management LLC bought a new position in shares of Xylem in the 4th quarter valued at about $31,000. Heck Capital Advisors LLC bought a new position in shares of Xylem in the 4th quarter valued at about $36,000. SRS Capital Advisors Inc. boosted its stake in shares of Xylem by 69.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 130 shares during the last quarter. Pathway Financial Advisers LLC boosted its stake in shares of Xylem by 122.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 175 shares during the last quarter. Finally, Assetmark Inc. boosted its stake 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 valued at $43,000 after purchasing an additional 311 shares during the last quarter. Institutional investors own 87.96% of the company's stock.

Xylem Stock Down 1.3 %

XYL stock traded down $1.57 during mid-day trading on Friday, hitting $118.27. 2,663,468 shares of the company were exchanged, compared to its average volume of 1,221,711. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. The firm has a market cap of $28.75 billion, a P/E ratio of 32.31, a P/E/G ratio of 2.33 and a beta of 1.08. The firm's 50 day simple moving average is $125.24 and its 200 day simple moving average is $126.15. Xylem Inc. has a 1-year low of $113.26 and a 1-year high of $146.08.

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Xylem (NYSE:XYL - Get Free Report) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, topping 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 firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same period last year, the company posted $0.99 EPS. The business's quarterly revenue was up 8.6% on a year-over-year basis. On average, sell-side analysts predict that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were issued a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This is an increase from Xylem's previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.35%. Xylem's dividend payout ratio (DPR) is 43.72%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on XYL shares. Wolfe Research reaffirmed 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 on the stock in a research note on Friday, January 24th. Robert W. Baird lifted their price objective on shares of Xylem from $139.00 to $148.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 5th. Finally, Citigroup lowered shares of Xylem from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $149.89.

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.