Geode Capital Management LLC Acquires 135,492 Shares of Xylem Inc. (NYSE:XYL)

Geode Capital Management LLC raised its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,804,247 shares of the industrial products company's stock after acquiring an additional 135,492 shares during the period. Geode Capital Management LLC owned approximately 2.39% of Xylem worth $671,623,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of XYL. Clear Creek Financial Management LLC lifted its position in Xylem by 4.3% during the fourth quarter. Clear Creek Financial Management LLC now owns 2,315 shares of the industrial products company's stock valued at $269,000 after purchasing an additional 96 shares during the last quarter. Bleakley Financial Group LLC raised its position in shares of Xylem by 2.3% during the 4th quarter. Bleakley Financial Group LLC now owns 4,359 shares of the industrial products company's stock valued at $506,000 after buying an additional 96 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its holdings in shares of Xylem by 1.3% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 7,868 shares of the industrial products company's stock worth $913,000 after acquiring an additional 98 shares during the last quarter. Mcrae Capital Management Inc. grew its position in Xylem by 2.9% in the fourth quarter. Mcrae Capital Management Inc. now owns 3,575 shares of the industrial products company's stock worth $415,000 after acquiring an additional 100 shares in the last quarter. Finally, Larson Financial Group LLC boosted its holdings in shares of Xylem by 24.0% in the 4th quarter. Larson Financial Group LLC now owns 521 shares of the industrial products company's stock worth $60,000 after purchasing an additional 101 shares in the last quarter. Institutional investors own 87.96% of the company's stock.

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Xylem Trading Up 7.5 %

Shares of Xylem stock traded up $7.76 during trading on Wednesday, reaching $110.62. 2,964,953 shares of the stock were exchanged, compared to its average volume of 1,365,954. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. The firm has a market cap of $26.92 billion, a price-to-earnings ratio of 30.22, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. Xylem Inc. has a 1 year low of $100.47 and a 1 year high of $146.08. The stock's fifty day moving average is $123.43 and its 200 day moving average is $124.37.

Xylem (NYSE:XYL - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.06. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The business had revenue of $2.30 billion during the quarter, compared to analysts' expectations of $2.18 billion. During the same quarter last year, the business posted $0.99 EPS. The business's revenue was up 8.6% on a year-over-year basis. As a group, equities research analysts expect that Xylem Inc. will post 4.65 earnings per share 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 given a dividend of $0.40 per share. 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 1.45%. The ex-dividend date of this dividend was Tuesday, February 18th. Xylem's payout ratio is presently 43.72%.

Analyst Ratings Changes

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

Xylem 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.