282,460 Shares in Xylem Inc. (NYSE:XYL) Purchased by OFI Invest Asset Management

OFI Invest Asset Management acquired a new stake in shares of Xylem Inc. (NYSE:XYL - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 282,460 shares of the industrial products company's stock, valued at approximately $31,648,000. OFI Invest Asset Management owned approximately 0.12% of Xylem at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Rialto Wealth Management LLC bought a new stake in shares of Xylem in the fourth 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. Pathway Financial Advisers LLC increased its position in shares of Xylem by 122.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 175 shares during the last quarter. SRS Capital Advisors Inc. boosted its position in Xylem by 69.5% during the fourth 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. Finally, Assetmark Inc. increased its position in shares of Xylem by 3,887.5% during the 3rd quarter. Assetmark Inc. now owns 319 shares of the industrial products company's stock worth $43,000 after purchasing an additional 311 shares during the last quarter. Institutional investors own 87.96% of the company's stock.

Wall Street Analyst Weigh In

XYL has been the topic of several recent analyst reports. Wolfe Research restated a "peer perform" rating on shares of Xylem in a research note on Thursday, December 12th. Citigroup downgraded shares of Xylem from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Stifel Nicolaus decreased their price objective on Xylem from $166.00 to $150.00 and set a "buy" rating on the stock in a report on Friday, January 24th. Finally, Robert W. Baird upped their price objective on Xylem from $139.00 to $148.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $149.90.

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Xylem Trading Down 3.4 %

NYSE XYL traded down $4.39 during mid-day trading on Tuesday, reaching $123.86. 503,274 shares of the stock were exchanged, compared to its average volume of 1,199,791. 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 $30.10 billion, a P/E ratio of 33.84, a P/E/G ratio of 2.33 and a beta of 1.08. The stock has a 50 day simple moving average of $124.24 and a 200-day simple moving average of $126.95. Xylem Inc. has a one year low of $113.26 and a one year high of $146.08.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.06. The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.18 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The business's quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the company posted $0.99 EPS. On average, analysts anticipate that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.40 per share. This is an increase from Xylem's previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.60 annualized dividend and a dividend yield of 1.29%. Xylem's dividend payout ratio (DPR) is 43.72%.

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.