95,252 Shares in Xylem Inc. (NYSE:XYL) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new stake in Xylem Inc. (NYSE:XYL - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 95,252 shares of the industrial products company's stock, valued at approximately $11,051,000.

A number of other large investors have also added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of Xylem by 1.9% in 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 buying an additional 189,820 shares in the last quarter. Geode Capital Management LLC boosted its stake in Xylem by 1.0% in the third quarter. Geode Capital Management LLC now owns 5,668,755 shares of the industrial products company's stock valued at $762,804,000 after acquiring an additional 54,877 shares in the last quarter. Impax Asset Management Group plc grew its holdings in Xylem by 231.5% in the fourth quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company's stock worth $644,039,000 after purchasing an additional 3,883,845 shares during the last quarter. Swedbank AB grew its holdings in Xylem by 23.1% in 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 last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Xylem by 1.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,449,307 shares of the industrial products company's stock worth $465,760,000 after purchasing an additional 32,645 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors.

Xylem Stock Performance

XYL traded down $1.99 during midday trading on Thursday, hitting $127.68. 670,253 shares of the company were exchanged, compared to its average volume of 1,195,680. The firm has a market capitalization of $31.02 billion, a price-to-earnings ratio of 34.97, a price-to-earnings-growth ratio of 2.33 and a beta of 1.07. The company's 50 day simple moving average is $123.29 and its 200 day simple moving average is $127.10. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 1-year low of $113.26 and a 1-year high of $146.08.

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 for the quarter, beating the consensus estimate of $1.12 by $0.06. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The company had revenue of $2.30 billion during the quarter, compared to analysts' expectations of $2.18 billion. During the same period last year, the business earned $0.99 earnings per share. Xylem's quarterly revenue was up 8.6% on a year-over-year basis. As a group, sell-side analysts predict that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is 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 yield of 1.25%. Xylem's dividend payout ratio is 43.72%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Wolfe Research restated a "peer perform" rating on shares of Xylem in a research note on Thursday, December 12th. TD Cowen dropped their price target on Xylem from $138.00 to $125.00 and set a "hold" rating on the stock in a research note on Wednesday, November 6th. Robert W. Baird upped their price objective on shares of Xylem from $139.00 to $148.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Citigroup cut shares of Xylem from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Finally, Stifel Nicolaus decreased their price target on shares of Xylem from $166.00 to $150.00 and set a "buy" rating for the company in a report on Friday, January 24th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $149.90.

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.