Van Lanschot Kempen Investment Management N.V. Lowers Stock Position in Xylem Inc. (NYSE:XYL)

Van Lanschot Kempen Investment Management N.V. lessened its position in shares of Xylem Inc. (NYSE:XYL - Free Report) by 79.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 58,908 shares of the industrial products company's stock after selling 222,078 shares during the quarter. Van Lanschot Kempen Investment Management N.V.'s holdings in Xylem were worth $6,835,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of XYL. Wilmington Savings Fund Society FSB purchased a new stake in shares of Xylem in the third quarter valued at approximately $2,492,000. Tidal Investments LLC grew its stake in Xylem by 1.7% in the 3rd quarter. Tidal Investments LLC now owns 47,642 shares of the industrial products company's stock valued at $6,433,000 after acquiring an additional 783 shares during the period. Asset Advisors Investment Management LLC increased its holdings in Xylem by 11.7% in the 3rd quarter. Asset Advisors Investment Management LLC now owns 18,455 shares of the industrial products company's stock worth $2,492,000 after acquiring an additional 1,937 shares in the last quarter. Franklin Resources Inc. raised its position in Xylem by 2.3% during the third quarter. Franklin Resources Inc. now owns 1,597,657 shares of the industrial products company's stock worth $219,262,000 after acquiring an additional 36,102 shares during the period. Finally, Oddo BHF Asset Management Sas purchased a new position in Xylem during the third quarter valued at $2,092,000. Institutional investors and hedge funds own 87.96% of the company's stock.

Xylem Stock Up 0.5 %

Shares of XYL stock traded up $0.62 during trading on Friday, reaching $116.23. The company's stock had a trading volume of 1,923,112 shares, compared to its average volume of 1,401,598. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $146.08. The stock's 50-day moving average price is $119.18 and its 200 day moving average price is $122.65. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. The company has a market capitalization of $28.28 billion, a price-to-earnings ratio of 31.76, a P/E/G ratio of 2.33 and a beta of 1.08.

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

Xylem Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were issued a $0.40 dividend. This is a boost 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 annualized dividend and a dividend yield of 1.38%. Xylem's dividend payout ratio is presently 43.72%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on XYL. Citigroup lowered their price objective on Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Robert W. Baird upped 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 price objective on shares of Xylem from $150.00 to $140.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price 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.