OVERSEA CHINESE BANKING Corp Ltd Grows Stock Position in Xylem Inc. (NYSE:XYL)

OVERSEA CHINESE BANKING Corp Ltd increased its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 208,237 shares of the industrial products company's stock after acquiring an additional 4,993 shares during the period. OVERSEA CHINESE BANKING Corp Ltd owned about 0.09% of Xylem worth $24,160,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Clear Creek Financial Management LLC grew its holdings 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 period. Bleakley Financial Group LLC grew its holdings in Xylem by 2.3% during the fourth quarter. Bleakley Financial Group LLC now owns 4,359 shares of the industrial products company's stock valued at $506,000 after purchasing an additional 96 shares during the period. U.S. Capital Wealth Advisors LLC grew its holdings in Xylem by 1.3% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 7,868 shares of the industrial products company's stock valued at $913,000 after purchasing an additional 98 shares during the period. Mcrae Capital Management Inc. grew its holdings in Xylem by 2.9% during the fourth quarter. Mcrae Capital Management Inc. now owns 3,575 shares of the industrial products company's stock valued at $415,000 after purchasing an additional 100 shares during the period. Finally, Larson Financial Group LLC grew its holdings in Xylem by 24.0% during the fourth quarter. Larson Financial Group LLC now owns 521 shares of the industrial products company's stock valued at $60,000 after purchasing an additional 101 shares during the period. 87.96% of the stock is owned by institutional investors.

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Xylem Price Performance

NYSE:XYL traded down $1.57 during trading hours on Friday, hitting $118.27. 2,663,468 shares of the company's stock traded hands, compared to its average volume of 1,223,676. The firm has a market cap of $28.75 billion, a P/E ratio of 32.31, a P/E/G 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 business's fifty day simple moving average is $125.24 and its two-hundred day simple moving average is $126.12. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.18 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The firm's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the company earned $0.99 earnings per share. On average, research analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Increases Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.60 dividend on an annualized basis and a yield of 1.35%. Xylem's dividend payout ratio (DPR) is presently 43.72%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on XYL. Citigroup lowered Xylem from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 5th. Stifel Nicolaus cut their price target on Xylem from $166.00 to $150.00 and set a "buy" rating for the company in a report on Friday, January 24th. Robert W. Baird raised their price target on Xylem from $139.00 to $148.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. Finally, Wolfe Research reaffirmed a "peer perform" rating on shares of Xylem in a report on Thursday, December 12th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company 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.