Xylem Inc. (NYSE:XYL) Shares Sold by Commerce Bank

Commerce Bank lessened its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 43.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,643 shares of the industrial products company's stock after selling 4,256 shares during the quarter. Commerce Bank's holdings in Xylem were worth $655,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Xylem by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 28,644,417 shares of the industrial products company's stock worth $3,323,325,000 after purchasing an additional 303,854 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Xylem by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 5,804,247 shares of the industrial products company's stock valued at $671,623,000 after acquiring an additional 135,492 shares during the last quarter. Impax Asset Management Group plc boosted its holdings in shares of Xylem by 231.5% in the 4th quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company's stock valued at $644,039,000 after acquiring an additional 3,883,845 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Xylem by 9.8% during the fourth quarter. Invesco Ltd. now owns 4,009,907 shares of the industrial products company's stock worth $465,229,000 after purchasing an additional 359,276 shares during the last quarter. Finally, Swedbank AB lifted its position in Xylem by 23.1% during the fourth quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company's stock valued at $427,325,000 after purchasing an additional 691,618 shares during the period. Hedge funds and other institutional investors own 87.96% of the company's stock.

Xylem Price Performance

Shares of NYSE:XYL traded up $0.62 during midday trading on Friday, hitting $116.23. The company's stock had a trading volume of 1,923,112 shares, compared to its average volume of 1,404,520. Xylem Inc. has a 12-month low of $100.47 and a 12-month high of $146.08. The company has a market cap of $28.28 billion, a P/E ratio of 31.76, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. The business's 50 day simple moving average is $118.90 and its 200 day simple moving average is $122.43.

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 analysts' consensus estimates 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 in the prior year, the business posted $0.99 EPS. The company's revenue was up 8.6% compared to the same quarter last year. On average, analysts forecast that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.38%. This is an increase from Xylem's previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Tuesday, February 18th. Xylem's payout ratio is 43.72%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Stifel Nicolaus lowered their target price on Xylem from $150.00 to $140.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Citigroup dropped their price objective on shares of Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Robert W. Baird increased their price target on shares of Xylem from $139.00 to $148.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Xylem has a consensus rating of "Moderate Buy" and an average price target of $147.33.

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.