Perpetual Ltd Trims Stock Position in Xylem Inc. (NYSE:XYL)

Perpetual Ltd trimmed its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 2.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,648 shares of the industrial products company's stock after selling 4,280 shares during the quarter. Perpetual Ltd owned about 0.07% of Xylem worth $18,638,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Swedbank AB increased its holdings in shares of Xylem by 22.8% in the third quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company's stock valued at $403,953,000 after purchasing an additional 554,609 shares during the last quarter. Erste Asset Management GmbH purchased a new stake in Xylem in the 3rd quarter valued at $68,593,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Xylem in the 3rd quarter worth $52,169,000. Champlain Investment Partners LLC raised its holdings in shares of Xylem by 17.8% during the 3rd quarter. Champlain Investment Partners LLC now owns 1,657,785 shares of the industrial products company's stock worth $223,851,000 after acquiring an additional 249,975 shares during the period. Finally, State Street Corp boosted its position in shares of Xylem by 1.9% during the 3rd quarter. State Street Corp now owns 10,329,494 shares of the industrial products company's stock valued at $1,394,792,000 after acquiring an additional 189,820 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on XYL shares. Stifel Nicolaus reduced their target price on shares of Xylem from $172.00 to $166.00 and set a "buy" rating on the stock in a research note on Wednesday, December 11th. Citigroup reduced their price target on shares of Xylem from $148.00 to $147.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. Robert W. Baird lowered their price objective on Xylem from $175.00 to $154.00 and set an "outperform" rating for the company in a research report on Friday, November 1st. Royal Bank of Canada reduced their target price on Xylem from $163.00 to $162.00 and set an "outperform" rating on the stock in a research report on Friday, November 1st. Finally, TD Cowen lowered their price target on Xylem from $138.00 to $125.00 and set a "hold" rating for the company in a report on Wednesday, November 6th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $152.10.

Xylem Stock Up 1.9 %

Shares of XYL stock traded up $2.31 during trading on Tuesday, reaching $121.97. The company's stock had a trading volume of 1,182,323 shares, compared to its average volume of 1,292,944. Xylem Inc. has a 1-year low of $111.66 and a 1-year high of $146.08. The stock's 50-day moving average price is $120.92 and its 200 day moving average price is $128.59. The company has a market capitalization of $29.63 billion, a price-to-earnings ratio of 35.66, a P/E/G ratio of 1.99 and a beta of 1.06. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.96 and a quick ratio of 1.42.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.11 EPS for the quarter, hitting the consensus estimate of $1.11. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.17 billion. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The company's quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.99 earnings per share. On average, research analysts anticipate that Xylem Inc. will post 4.23 EPS for the current year.

Xylem Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, November 26th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Tuesday, November 26th. Xylem's payout ratio is presently 42.11%.

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.