Neuberger Berman Group LLC Sells 16,403 Shares of Xylem Inc. (NYSE:XYL)

Neuberger Berman Group LLC decreased its position in Xylem Inc. (NYSE:XYL - Free Report) by 10.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 138,065 shares of the industrial products company's stock after selling 16,403 shares during the quarter. Neuberger Berman Group LLC owned approximately 0.06% of Xylem worth $16,018,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in XYL. Impax Asset Management Group plc raised its stake in shares of Xylem by 231.5% in 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 buying an additional 3,883,845 shares in the last quarter. Norges Bank acquired a new position in Xylem in the fourth quarter valued at approximately $302,734,000. AMF Tjanstepension AB acquired a new stake in shares of Xylem during the fourth quarter worth $96,658,000. Victory Capital Management Inc. raised its holdings in Xylem by 42.9% in the fourth quarter. Victory Capital Management Inc. now owns 2,326,024 shares of the industrial products company's stock worth $269,865,000 after purchasing an additional 698,745 shares during the period. Finally, Swedbank AB raised its position 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 worth $427,325,000 after purchasing an additional 691,618 shares during the period. 87.96% of the stock is owned by institutional investors.

Xylem Stock Up 1.4 %

NYSE XYL traded up $1.50 during trading hours on Wednesday, reaching $110.64. 995,785 shares of the company's stock traded hands, compared to its average volume of 1,378,591. The firm has a 50-day simple moving average of $121.88 and a 200 day simple moving average of $123.67. The firm has a market cap of $26.92 billion, a PE ratio of 30.23, a PEG ratio of 2.33 and a beta of 1.08. Xylem Inc. has a 52-week low of $100.47 and a 52-week 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.

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Xylem (NYSE:XYL - Get Free Report) last announced its quarterly earnings results 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. 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 quarter last year, the firm posted $0.99 EPS. The business's quarterly revenue was up 8.6% compared to the same quarter last year. Sell-side analysts anticipate that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Increases Dividend

The business 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 is a positive change from Xylem's previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend was Tuesday, February 18th. Xylem's dividend payout ratio (DPR) is 43.72%.

Analyst Ratings Changes

XYL has been the topic of several recent research reports. 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 research note on Monday. Stifel Nicolaus decreased their price target on Xylem from $150.00 to $140.00 and set a "buy" rating on the stock in a research report on Wednesday. Finally, Robert W. Baird boosted their price target on Xylem from $139.00 to $148.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $147.33.

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.