DekaBank Deutsche Girozentrale Trims Stock Holdings in Xylem Inc. (NYSE:XYL)

DekaBank Deutsche Girozentrale lowered its stake in shares of Xylem Inc. (NYSE:XYL - Free Report) by 0.5% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 1,656,369 shares of the industrial products company's stock after selling 8,721 shares during the period. DekaBank Deutsche Girozentrale owned about 0.68% of Xylem worth $222,716,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Swedbank AB raised its stake in shares of Xylem by 22.8% during the 3rd quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company's stock valued at $403,953,000 after buying an additional 554,609 shares during the last quarter. Mirova US LLC raised its stake in shares of Xylem by 2.0% during the 2nd quarter. Mirova US LLC now owns 1,876,618 shares of the industrial products company's stock valued at $254,526,000 after buying an additional 36,013 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Xylem by 8.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,474,033 shares of the industrial products company's stock valued at $199,930,000 after buying an additional 113,571 shares during the last quarter. Sei Investments Co. increased its stake in shares of Xylem by 3.1% in the 2nd quarter. Sei Investments Co. now owns 1,045,023 shares of the industrial products company's stock valued at $141,736,000 after purchasing an additional 31,709 shares in the last quarter. Finally, DAVENPORT & Co LLC raised its holdings in Xylem by 0.3% in the 1st quarter. DAVENPORT & Co LLC now owns 898,854 shares of the industrial products company's stock worth $116,150,000 after purchasing an additional 2,791 shares during the period. Hedge funds and other institutional investors own 87.96% of the company's stock.

Xylem Price Performance

XYL traded down $0.23 on Friday, hitting $130.42. 643,878 shares of the company's stock were exchanged, compared to its average volume of 1,180,040. Xylem Inc. has a fifty-two week low of $87.59 and a fifty-two week high of $146.08. The company has a current ratio of 1.85, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average price of $133.67 and a 200-day moving average price of $135.29. The stock has a market cap of $31.68 billion, a price-to-earnings ratio of 41.27, a P/E/G ratio of 2.31 and a beta of 1.04.

Xylem (NYSE:XYL - Get Free Report) last announced its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.04. Xylem had a net margin of 9.11% and a return on equity of 9.48%. The company had revenue of $2.17 billion for the quarter, compared to analysts' expectations of $2.14 billion. During the same quarter in the previous year, the company posted $0.98 EPS. The firm's quarterly revenue was up 26.0% on a year-over-year basis. As a group, equities analysts anticipate that Xylem Inc. will post 4.26 earnings per share for the current year.

Xylem Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th were issued a dividend of $0.36 per share. The ex-dividend date was Thursday, August 29th. This represents a $1.44 annualized dividend and a dividend yield of 1.10%. Xylem's dividend payout ratio is presently 45.57%.

Analysts Set New Price Targets

Several analysts have commented on the company. UBS Group began coverage on Xylem in a report on Tuesday, August 13th. They issued a "buy" rating and a $165.00 price objective on the stock. Royal Bank of Canada lifted their price target on shares of Xylem from $160.00 to $163.00 and gave the company an "outperform" rating in a research note on Wednesday, July 31st. Stifel Nicolaus lifted their price target on shares of Xylem from $170.00 to $172.00 and gave the company a "buy" rating in a research note on Wednesday, July 31st. Robert W. Baird lifted their price target on shares of Xylem from $155.00 to $170.00 and gave the company an "outperform" rating in a research note on Wednesday, July 31st. Finally, TD Cowen reissued a "hold" rating and issued a $138.00 price target on shares of Xylem in a research note on Tuesday, September 3rd. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Xylem currently has an average rating of "Moderate Buy" and an average price target of $149.67.

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.