Quintet Private Bank Europe S.A. Purchases 61,202 Shares of Xylem Inc. (NYSE:XYL)

Quintet Private Bank Europe S.A. raised its position in Xylem Inc. (NYSE:XYL - Free Report) by 30.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 264,464 shares of the industrial products company's stock after buying an additional 61,202 shares during the quarter. Xylem comprises about 1.7% of Quintet Private Bank Europe S.A.'s holdings, making the stock its 18th largest position. Quintet Private Bank Europe S.A. owned about 0.11% of Xylem worth $30,683,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in XYL. Heck Capital Advisors LLC bought a new stake in shares of Xylem during the 4th quarter valued at $36,000. SRS Capital Advisors Inc. increased its stake in Xylem by 69.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company's stock worth $37,000 after acquiring an additional 130 shares during the last quarter. Pathway Financial Advisers LLC increased its stake in Xylem by 122.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company's stock worth $37,000 after acquiring an additional 175 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of Xylem by 3,887.5% in 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 in the last quarter. Finally, Catalyst Capital Advisors LLC boosted its holdings in shares of Xylem by 226.0% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 339 shares of the industrial products company's stock worth $46,000 after purchasing an additional 235 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors.

Xylem Trading Down 0.5 %

NYSE XYL traded down $0.71 on Thursday, hitting $128.96. The company's stock had a trading volume of 1,504,674 shares, compared to its average volume of 1,198,951. Xylem Inc. has a 52-week low of $113.26 and a 52-week high of $146.08. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. The company's 50-day simple moving average is $123.52 and its 200 day simple moving average is $127.12. The firm has a market cap of $31.33 billion, a P/E ratio of 35.23, a PEG ratio of 2.33 and a beta of 1.07.

Xylem (NYSE:XYL - Get Free Report) last released 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. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The business had revenue of $2.30 billion during the quarter, compared to analysts' expectations of $2.18 billion. During the same quarter last year, the business posted $0.99 EPS. The business's revenue was up 8.6% on a year-over-year basis. Research analysts predict that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th will be issued a $0.40 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $1.60 annualized dividend and a yield of 1.24%. This is a boost from Xylem's previous quarterly dividend of $0.36. Xylem's dividend payout ratio (DPR) is 43.72%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on XYL. Robert W. Baird upped their price objective on Xylem from $139.00 to $148.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. Citigroup cut Xylem from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 5th. Wolfe Research reiterated a "peer perform" rating on shares of Xylem in a report on Thursday, December 12th. TD Cowen cut their price objective on Xylem from $138.00 to $125.00 and set a "hold" rating for the company in a report on Wednesday, November 6th. Finally, Stifel Nicolaus cut their price objective on Xylem from $166.00 to $150.00 and set a "buy" rating for the company in a report on Friday, January 24th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Xylem has a consensus rating of "Moderate Buy" and a consensus target price of $149.90.

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.