Oppenheimer Asset Management Inc. Purchases 17,799 Shares of Xylem Inc. (NYSE:XYL)

Oppenheimer Asset Management Inc. boosted its stake in shares of Xylem Inc. (NYSE:XYL - Free Report) by 25.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 87,018 shares of the industrial products company's stock after buying an additional 17,799 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Xylem were worth $10,096,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of XYL. Nordea Investment Management AB lifted its position in Xylem by 24.6% in the 4th quarter. Nordea Investment Management AB now owns 26,798 shares of the industrial products company's stock valued at $3,125,000 after acquiring an additional 5,286 shares in the last quarter. MML Investors Services LLC lifted its stake in Xylem by 66.9% in the 3rd quarter. MML Investors Services LLC now owns 15,935 shares of the industrial products company's stock valued at $2,152,000 after acquiring an additional 6,386 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Xylem by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,345,768 shares of the industrial products company's stock worth $181,719,000 after acquiring an additional 5,817 shares during the last quarter. Swedbank AB grew its stake in shares of Xylem by 23.1% during the 4th 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. Finally, Groupama Asset Managment lifted its position in shares of Xylem by 89.6% in the third quarter. Groupama Asset Managment now owns 16,340 shares of the industrial products company's stock worth $2,206,000 after purchasing an additional 7,723 shares in the last quarter. Institutional investors own 87.96% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on XYL shares. Citigroup lowered shares of Xylem from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Wolfe Research reiterated a "peer perform" rating on shares of Xylem in a report on Thursday, December 12th. TD Cowen lowered their price target on Xylem from $138.00 to $125.00 and set a "hold" rating on the stock in a research report on Wednesday, November 6th. Robert W. Baird increased their price objective on Xylem from $139.00 to $148.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Finally, Stifel Nicolaus lowered 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. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Xylem has an average rating of "Moderate Buy" and an average target price of $149.90.

Xylem Stock Performance

Xylem stock traded down $1.20 during trading hours on Monday, hitting $129.69. The company had a trading volume of 1,317,880 shares, compared to its average volume of 1,407,504. Xylem Inc. has a one year low of $113.26 and a one year high of $146.08. The firm has a market cap of $31.51 billion, a PE ratio of 35.43, a PEG ratio of 2.33 and a beta of 1.07. The firm has a 50-day moving average of $122.87 and a 200 day moving average of $127.17. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33.

Xylem (NYSE:XYL - Get Free Report) last released its quarterly earnings results 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 period last year, the firm posted $0.99 EPS. The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. On average, sell-side analysts expect that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. 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 1.23%. Xylem's dividend payout ratio is 43.72%.

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.