Swiss National Bank Trims Stake in Xylem Inc. (NYSE:XYL)

Swiss National Bank decreased its stake in shares of Xylem Inc. (NYSE:XYL - Free Report) by 4.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 686,192 shares of the industrial products company's stock after selling 33,400 shares during the period. Swiss National Bank owned 0.28% of Xylem worth $79,612,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Swedbank AB boosted its position in shares of Xylem by 22.8% during the 3rd quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company's stock valued at $403,953,000 after acquiring an additional 554,609 shares during the last quarter. Impax Asset Management Group plc lifted its holdings in shares of Xylem by 1.0% during the third quarter. Impax Asset Management Group plc now owns 1,677,816 shares of the industrial products company's stock valued at $226,555,000 after purchasing an additional 15,825 shares during the last quarter. Assetmark Inc. grew its position in Xylem by 3,887.5% during the 3rd quarter. Assetmark Inc. now owns 319 shares of the industrial products company's stock valued at $43,000 after purchasing an additional 311 shares during the last quarter. Apollon Wealth Management LLC increased its holdings in shares of Xylem by 7.0% in the 3rd quarter. Apollon Wealth Management LLC now owns 1,878 shares of the industrial products company's stock worth $254,000 after purchasing an additional 123 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Xylem by 1.4% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 559,111 shares of the industrial products company's stock worth $75,497,000 after acquiring an additional 7,793 shares during the period. 87.96% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

A number of analysts recently commented on XYL shares. Citigroup cut Xylem from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Robert W. Baird lifted their target price on shares of Xylem from $139.00 to $148.00 and gave the company an "outperform" rating in a research note on Wednesday, February 5th. Wolfe Research reissued a "peer perform" rating on shares of Xylem in a report on Thursday, December 12th. Finally, Stifel Nicolaus cut their price objective 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 six have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $149.89.

Xylem Price Performance

Shares of NYSE XYL traded up $0.43 during midday trading on Wednesday, reaching $121.35. 1,646,044 shares of the stock traded hands, compared to its average volume of 1,213,203. The company's 50 day moving average is $124.97 and its 200 day moving average is $126.36. Xylem Inc. has a one year low of $113.26 and a one year high of $146.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. The stock has a market capitalization of $29.49 billion, a PE ratio of 33.16, a P/E/G ratio of 2.33 and a beta of 1.08.

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

Xylem Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th will be given a dividend of $0.40 per share. The ex-dividend date 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 1.32%. Xylem's payout ratio is currently 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.