Sit Investment Associates Inc. Has $7.64 Million Stock Holdings in Xylem Inc. (NYSE:XYL)

Sit Investment Associates Inc. boosted its position in Xylem Inc. (NYSE:XYL - Free Report) by 695.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,880 shares of the industrial products company's stock after purchasing an additional 57,593 shares during the period. Sit Investment Associates Inc.'s holdings in Xylem were worth $7,643,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Xylem by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 28,644,417 shares of the industrial products company's stock valued at $3,323,325,000 after buying an additional 303,854 shares in the last quarter. 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 purchasing an additional 189,820 shares during the last quarter. Geode Capital Management LLC grew its position in Xylem by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 5,804,247 shares of the industrial products company's stock valued at $671,623,000 after acquiring an additional 135,492 shares during the period. Impax Asset Management Group plc grew its holdings in shares of Xylem by 231.5% during the 4th 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 period. Finally, Swedbank AB increased its position in shares of 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 acquiring an additional 691,618 shares in the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

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Xylem Price Performance

NYSE XYL traded up $1.39 during trading hours on Friday, reaching $109.07. 473,727 shares of the company's stock were exchanged, compared to its average volume of 1,367,066. Xylem Inc. has a one year low of $100.47 and a one year 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 firm has a fifty day moving average of $123.13 and a 200-day moving average of $124.19. The stock has a market cap of $26.54 billion, a PE ratio of 29.77, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08.

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

Xylem Increases Dividend

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

Analysts Set New Price Targets

XYL has been the topic of several analyst reports. Citigroup downgraded shares of Xylem from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 5th. 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. Wolfe Research reiterated a "peer perform" rating on shares of Xylem in a research note on Thursday, December 12th. Finally, Stifel Nicolaus reduced their price objective on Xylem from $166.00 to $150.00 and set a "buy" rating for the company in a research report on Friday, January 24th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Xylem presently has a consensus rating of "Moderate Buy" and a consensus price target of $149.89.

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.