Vanguard Group Inc. Raises Stake in Xylem Inc. (NYSE:XYL)

Vanguard Group Inc. increased its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 1.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 28,644,417 shares of the industrial products company's stock after acquiring an additional 303,854 shares during the period. Vanguard Group Inc. owned approximately 11.79% of Xylem worth $3,323,325,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in XYL. Stevens Capital Management LP lifted its position in shares of Xylem by 27.0% during the fourth quarter. Stevens Capital Management LP now owns 2,144 shares of the industrial products company's stock worth $249,000 after purchasing an additional 456 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Xylem during the 4th quarter worth approximately $20,745,000. Sei Investments Co. lifted its holdings in Xylem by 5.8% during the 4th quarter. Sei Investments Co. now owns 1,158,533 shares of the industrial products company's stock worth $134,413,000 after buying an additional 63,409 shares in the last quarter. Mizuho Securities USA LLC boosted its position in Xylem by 46.2% in the 4th quarter. Mizuho Securities USA LLC now owns 23,026 shares of the industrial products company's stock valued at $2,671,000 after buying an additional 7,276 shares during the period. Finally, Millstone Evans Group LLC acquired a new position in shares of Xylem in the fourth quarter worth $73,000. Institutional investors and hedge funds own 87.96% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on XYL shares. Stifel Nicolaus reduced their price objective on Xylem from $166.00 to $150.00 and set a "buy" rating on the stock in a research note on Friday, January 24th. Wolfe Research reaffirmed a "peer perform" rating on shares of Xylem in a research report on Thursday, December 12th. Robert W. Baird boosted their price objective on Xylem from $139.00 to $148.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 5th. Finally, Citigroup cut shares of Xylem from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $149.89.

Remove Ads

Xylem Stock Down 2.1 %

XYL stock traded down $2.60 during trading on Friday, hitting $119.42. 1,589,726 shares of the company's stock were exchanged, compared to its average volume of 1,312,194. The stock has a market capitalization of $29.02 billion, a price-to-earnings ratio of 32.63, a PEG ratio of 2.33 and a beta of 1.08. 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 business has a 50-day moving average price of $125.70 and a two-hundred day moving average price of $125.88.

Xylem (NYSE:XYL - Get Free Report) last issued its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (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 analysts' expectations of $2.18 billion. During the same quarter in the prior year, the business posted $0.99 EPS. The company's revenue for the quarter was up 8.6% on a year-over-year basis. As a group, equities research analysts expect that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were issued a $0.40 dividend. This is an increase from Xylem's previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend was Tuesday, February 18th. 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.