Xylem Inc. (NYSE:XYL) Position Trimmed by Rathbones Group PLC

Rathbones Group PLC lowered its position in Xylem Inc. (NYSE:XYL - Free Report) by 4.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 424,572 shares of the industrial products company's stock after selling 18,593 shares during the quarter. Rathbones Group PLC owned 0.17% of Xylem worth $49,259,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XYL. Impax Asset Management Group plc raised its position in shares of Xylem by 231.5% in the 4th quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company's stock valued at $644,039,000 after purchasing an additional 3,883,845 shares in the last quarter. Norges Bank acquired a new position in Xylem during the 4th quarter worth $302,734,000. AMF Tjanstepension AB bought a new stake in shares of Xylem in the 4th quarter worth about $96,658,000. Victory Capital Management Inc. raised its stake in shares of Xylem by 42.9% in the 4th quarter. Victory Capital Management Inc. now owns 2,326,024 shares of the industrial products company's stock valued at $269,865,000 after purchasing an additional 698,745 shares in the last quarter. Finally, Swedbank AB grew its stake 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 in the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

XYL has been the subject of several research reports. Stifel Nicolaus decreased their target price on Xylem from $166.00 to $150.00 and set a "buy" rating for the company in a research report on Friday, January 24th. Citigroup downgraded shares of Xylem from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 5th. Finally, Robert W. Baird raised their price target on shares of Xylem from $139.00 to $148.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $149.89.

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Xylem Price Performance

NYSE XYL traded up $1.26 on Friday, reaching $108.94. 1,938,139 shares of the stock traded hands, compared to its average volume of 1,374,462. Xylem Inc. has a 12 month low of $100.47 and a 12 month high of $146.08. The company has a market cap of $26.51 billion, a price-to-earnings ratio of 29.76, a P/E/G ratio of 2.33 and a beta of 1.08. The firm's fifty day simple moving average is $122.72 and its 200 day simple moving average is $124.02. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.12 by $0.06. The firm had revenue of $2.30 billion for the quarter, compared to analysts' expectations of $2.18 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. Xylem's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.99 earnings per share. As a group, research analysts predict that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend was Tuesday, February 18th. This is an increase from Xylem's previous quarterly dividend of $0.36. Xylem's payout ratio is presently 43.72%.

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.