Cibc World Markets Corp Acquires 5,411 Shares of Xylem Inc. (NYSE:XYL)

Cibc World Markets Corp increased its stake in shares of Xylem Inc. (NYSE:XYL - Free Report) by 16.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 38,340 shares of the industrial products company's stock after purchasing an additional 5,411 shares during the period. Cibc World Markets Corp's holdings in Xylem were worth $4,448,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Swedbank AB boosted its position in shares of Xylem by 22.8% in the third 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 period. Empowered Funds LLC boosted its holdings in Xylem by 4.0% in the 3rd quarter. Empowered Funds LLC now owns 4,875 shares of the industrial products company's stock valued at $658,000 after purchasing an additional 188 shares during the period. Thrivent Financial for Lutherans grew its position in shares of Xylem by 38.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 71,098 shares of the industrial products company's stock valued at $9,600,000 after purchasing an additional 19,816 shares in the last quarter. Pathstone Holdings LLC increased its holdings in shares of Xylem by 14.5% in the third quarter. Pathstone Holdings LLC now owns 51,315 shares of the industrial products company's stock worth $6,929,000 after purchasing an additional 6,511 shares during the period. Finally, Prospera Financial Services Inc raised its position in shares of Xylem by 3.1% in the third quarter. Prospera Financial Services Inc now owns 7,430 shares of the industrial products company's stock worth $1,003,000 after buying an additional 224 shares in the last quarter. Institutional investors own 87.96% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on XYL shares. Citigroup lowered Xylem from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Robert W. Baird upped their price objective 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. Stifel Nicolaus dropped their target price on shares of Xylem from $166.00 to $150.00 and set a "buy" rating for the company in a research report on Friday, January 24th. Finally, Wolfe Research reissued a "peer perform" rating on shares of Xylem in a report on Thursday, December 12th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, Xylem currently has a consensus rating of "Moderate Buy" and an average price target of $149.89.

Xylem Trading Up 2.1 %

Shares of XYL traded up $2.49 during mid-day trading on Monday, reaching $120.96. The company's stock had a trading volume of 2,251,838 shares, compared to its average volume of 1,227,788. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 52 week low of $113.26 and a 52 week high of $146.08. The company's fifty day moving average price is $125.24 and its two-hundred day moving average price is $126.10. The stock has a market cap of $29.40 billion, a PE ratio of 33.05, a P/E/G ratio of 2.33 and a beta of 1.08.

Xylem (NYSE:XYL - Get Free Report) last issued its 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 company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.18 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The firm's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.99 earnings per share. On average, analysts predict that Xylem Inc. will post 4.65 earnings per share for the current fiscal 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 dividend of $0.40 per share. This is a positive change from Xylem's previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date was Tuesday, February 18th. Xylem's dividend 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.